Nuveen Real Estate Income Fund (NYSE:JRS – Get Free Report) announced a quarterly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be given a dividend of 0.19 per share on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend is Monday, June 15th. This is a 11.8% increase from Nuveen Real Estate Income Fund’s previous quarterly dividend of $0.17.
Nuveen Real Estate Income Fund Trading Up 0.3%
NYSE:JRS opened at $8.12 on Wednesday. Nuveen Real Estate Income Fund has a 12 month low of $7.12 and a 12 month high of $8.38. The firm has a fifty day simple moving average of $7.95 and a 200-day simple moving average of $7.86.
Institutional Investors Weigh In On Nuveen Real Estate Income Fund
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Pathstone Holdings LLC lifted its stake in shares of Nuveen Real Estate Income Fund by 26.4% during the third quarter. Pathstone Holdings LLC now owns 674,774 shares of the company’s stock worth $5,520,000 after buying an additional 140,914 shares during the period. Advisors Asset Management Inc. boosted its holdings in Nuveen Real Estate Income Fund by 14.4% in the fourth quarter. Advisors Asset Management Inc. now owns 665,520 shares of the company’s stock valued at $5,098,000 after purchasing an additional 83,927 shares during the last quarter. Kanen Wealth Management LLC boosted its holdings in Nuveen Real Estate Income Fund by 9.8% in the first quarter. Kanen Wealth Management LLC now owns 528,047 shares of the company’s stock valued at $3,939,000 after purchasing an additional 47,108 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Nuveen Real Estate Income Fund by 0.7% in the fourth quarter. Private Advisor Group LLC now owns 401,005 shares of the company’s stock valued at $3,072,000 after purchasing an additional 2,755 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in Nuveen Real Estate Income Fund by 4.8% in the fourth quarter. LPL Financial LLC now owns 218,665 shares of the company’s stock valued at $1,675,000 after purchasing an additional 10,056 shares during the last quarter.
About Nuveen Real Estate Income Fund
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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