Nuveen Real Estate Income Fund (NYSE:JRS) Stock Crosses Below 50-Day Moving Average – What’s Next?

Shares of Nuveen Real Estate Income Fund (NYSE:JRS) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $8.99 and traded as low as $8.27. Nuveen Real Estate Income Fund shares last traded at $8.44, with a volume of 68,448 shares.

Nuveen Real Estate Income Fund Price Performance

The stock has a 50-day moving average price of $8.97 and a 200 day moving average price of $8.72.

Nuveen Real Estate Income Fund Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 8.27%. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Stifel Financial Corp raised its holdings in shares of Nuveen Real Estate Income Fund by 19.8% during the 3rd quarter. Stifel Financial Corp now owns 32,266 shares of the company’s stock valued at $300,000 after buying an additional 5,341 shares during the period. MML Investors Services LLC acquired a new position in shares of Nuveen Real Estate Income Fund during the third quarter worth $140,000. Pathstone Holdings LLC boosted its stake in shares of Nuveen Real Estate Income Fund by 40.9% in the third quarter. Pathstone Holdings LLC now owns 619,779 shares of the company’s stock valued at $5,765,000 after purchasing an additional 179,819 shares during the period. International Assets Investment Management LLC grew its holdings in Nuveen Real Estate Income Fund by 838.0% during the 3rd quarter. International Assets Investment Management LLC now owns 37,455 shares of the company’s stock valued at $348,000 after purchasing an additional 33,462 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Nuveen Real Estate Income Fund by 18.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 12,923 shares of the company’s stock worth $99,000 after buying an additional 1,980 shares during the period.

Nuveen Real Estate Income Fund Company Profile

Nuveen Real Estate Income Fund is a closed-ended equity mutual fund launched by Nuveen Investments Inc The fund is managed by Security Capital Research & Management Incorporated. It invests in the public equity markets of the United States. The fund makes its investments in stocks of companies operating in the real-estate sector.