Nuveen Real Estate Income Fund (NYSE:JRS – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 13,894 shares, an increase of 319.6% from the October 15th total of 3,311 shares. Based on an average daily volume of 66,206 shares, the short-interest ratio is presently 0.2 days.
Nuveen Real Estate Income Fund Stock Down 0.3%
JRS stock traded down $0.03 during midday trading on Friday, hitting $7.64. 31,381 shares of the stock traded hands, compared to its average volume of 71,138. The stock’s fifty day simple moving average is $7.55 and its 200-day simple moving average is $8.02. Nuveen Real Estate Income Fund has a 1-year low of $7.12 and a 1-year high of $8.90.
Nuveen Real Estate Income Fund Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 9.9%. The ex-dividend date of this dividend was Tuesday, September 15th.
Institutional Investors Weigh In On Nuveen Real Estate Income Fund
Hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in Nuveen Real Estate Income Fund in the third quarter valued at approximately $4,565,000. Private Advisor Group LLC increased its position in shares of Nuveen Real Estate Income Fund by 1.0% in the third quarter. Private Advisor Group LLC now owns 413,308 shares of the company’s stock valued at $3,050,000 after buying an additional 4,264 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Nuveen Real Estate Income Fund by 8.9% in the second quarter. Baird Financial Group Inc. now owns 681,021 shares of the company’s stock valued at $5,741,000 after buying an additional 55,642 shares in the last quarter. Readystate Asset Management LP increased its position in shares of Nuveen Real Estate Income Fund by 160.2% in the second quarter. Readystate Asset Management LP now owns 27,393 shares of the company’s stock valued at $231,000 after buying an additional 16,866 shares in the last quarter. Finally, NWF Advisory Services Inc. raised its stake in shares of Nuveen Real Estate Income Fund by 3.8% during the 2nd quarter. NWF Advisory Services Inc. now owns 59,700 shares of the company’s stock worth $503,000 after buying an additional 2,200 shares during the period.
About Nuveen Real Estate Income Fund
Nuveen Real Estate Income Fund (NYSE: JRS) is a closed-end investment fund that seeks to provide investors with current income and, secondarily, long-term capital appreciation. The fund is managed by Nuveen Fund Advisors, an asset-management subsidiary of TIAA. The fund invests primarily in securities issued by real estate investment trusts (REITs) and other real estate-related companies. Its portfolio may include common stocks, preferred securities, debt securities and other investments tied to commercial, residential and specialized real estate sectors.
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