Nuveen Real Estate Income Fund (NYSE:JRS) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Nuveen Real Estate Income Fund (NYSE:JRS) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.80 and traded as low as $8.65. Nuveen Real Estate Income Fund shares last traded at $8.73, with a volume of 87,576 shares changing hands.

Nuveen Real Estate Income Fund Price Performance

The firm’s 50-day simple moving average is $8.84 and its 200-day simple moving average is $8.80.

Nuveen Real Estate Income Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.68 annualized dividend and a yield of 7.79%.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. bought a new position in shares of Nuveen Real Estate Income Fund during the 4th quarter worth $52,000. Northwestern Mutual Wealth Management Co. lifted its stake in Nuveen Real Estate Income Fund by 18.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 12,923 shares of the company’s stock worth $99,000 after acquiring an additional 1,980 shares during the period. MML Investors Services LLC purchased a new position in Nuveen Real Estate Income Fund during the 3rd quarter valued at about $140,000. Stifel Financial Corp raised its stake in Nuveen Real Estate Income Fund by 19.8% in the third quarter. Stifel Financial Corp now owns 32,266 shares of the company’s stock worth $300,000 after buying an additional 5,341 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Nuveen Real Estate Income Fund by 838.0% in the 3rd quarter. International Assets Investment Management LLC now owns 37,455 shares of the company’s stock worth $348,000 after acquiring an additional 33,462 shares in the last quarter.

About Nuveen Real Estate Income Fund

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.