Shares of Nuveen Real Estate Income Fund (NYSE:JRS – Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $8.47 and traded as high as $8.73. Nuveen Real Estate Income Fund shares last traded at $8.49, with a volume of 94,641 shares trading hands.
Nuveen Real Estate Income Fund Trading Up 0.5%
The firm has a fifty day moving average of $8.47 and a 200 day moving average of $8.12.
Nuveen Real Estate Income Fund Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 9.0%. This is a positive change from Nuveen Real Estate Income Fund’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, June 15th.
Institutional Inflows and Outflows
Nuveen Real Estate Income Fund Company Profile
Nuveen Real Estate Income Fund (NYSE: JRS) is a diversified closed-end management investment company that seeks to provide shareholders with attractive levels of current income. The fund pursues its objective through investments primarily in equity and debt securities of real estate companies, including publicly traded REITs, real estate operating companies and mortgage-backed securities. By holding a mixture of equity and fixed-income positions, it aims to achieve a balance of income generation and potential for capital appreciation.
The fund’s portfolio construction emphasizes diversification across geographic regions and real estate sectors.
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