Nuveen Real Estate Income Fund (NYSE:JRS) Shares Pass Below 50 Day Moving Average – Time to Sell?

Nuveen Real Estate Income Fund (NYSE:JRS) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 changing hands.

Nuveen Real Estate Income Fund Stock Up 1.0 %

The company’s fifty day simple moving average is $8.98 and its two-hundred day simple moving average is $8.71.

Nuveen Real Estate Income Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, December 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 8.06%.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

A number of institutional investors have recently modified their holdings of the business. Pathstone Holdings LLC increased its stake in Nuveen Real Estate Income Fund by 40.9% during the 3rd quarter. Pathstone Holdings LLC now owns 619,779 shares of the company’s stock worth $5,765,000 after acquiring an additional 179,819 shares during the period. Private Advisor Group LLC raised its stake in Nuveen Real Estate Income Fund by 11.7% in the second quarter. Private Advisor Group LLC now owns 368,308 shares of the company’s stock valued at $2,814,000 after purchasing an additional 38,650 shares in the last quarter. International Assets Investment Management LLC lifted its position in Nuveen Real Estate Income Fund by 838.0% during the third quarter. International Assets Investment Management LLC now owns 37,455 shares of the company’s stock worth $348,000 after purchasing an additional 33,462 shares during the period. MML Investors Services LLC acquired a new stake in Nuveen Real Estate Income Fund during the third quarter worth about $140,000. Finally, Stifel Financial Corp increased its holdings in Nuveen Real Estate Income Fund by 19.8% in 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.

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.