Nuveen Real Estate Income Fund (NYSE:JRS – Get Rating) declared a quarterly dividend on Thursday, December 1st, Zacks reports. Shareholders of record on Thursday, December 15th will be given a dividend of 0.209 per share on Friday, December 30th. This represents a $0.84 dividend on an annualized basis and a yield of 9.81%. The ex-dividend date of this dividend is Wednesday, December 14th.
Nuveen Real Estate Income Fund has decreased its dividend payment by an average of 3.5% annually over the last three years and has increased its dividend annually for the last 1 consecutive years.
Get Nuveen Real Estate Income Fund alerts:Nuveen Real Estate Income Fund Price Performance
JRS stock traded down $0.01 during mid-day trading on Friday, reaching $8.52. 53,495 shares of the company traded hands, compared to its average volume of 89,197. Nuveen Real Estate Income Fund has a fifty-two week low of $7.02 and a fifty-two week high of $12.90. The firm's 50 day moving average price is $7.83 and its 200 day moving average price is $9.03.
Hedge Funds Weigh In On Nuveen Real Estate Income Fund
A number of hedge funds and other institutional investors have recently modified their holdings of JRS. Atria Wealth Solutions Inc. purchased a new position in shares of Nuveen Real Estate Income Fund in the 1st quarter worth approximately $1,529,000. Advisors Asset Management Inc. boosted its stake in shares of Nuveen Real Estate Income Fund by 11.1% in the 1st quarter. Advisors Asset Management Inc. now owns 537,287 shares of the company's stock worth $6,345,000 after buying an additional 53,534 shares during the last quarter. LPL Financial LLC boosted its stake in shares of Nuveen Real Estate Income Fund by 23.3% in the 2nd quarter. LPL Financial LLC now owns 256,661 shares of the company's stock worth $2,413,000 after buying an additional 48,422 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Nuveen Real Estate Income Fund in the 1st quarter worth approximately $359,000. Finally, Vident Investment Advisory LLC boosted its stake in shares of Nuveen Real Estate Income Fund by 23.2% in the 1st quarter. Vident Investment Advisory LLC now owns 155,016 shares of the company's stock worth $1,831,000 after buying an additional 29,211 shares during the last quarter.Nuveen Real Estate Income Fund Company Profile
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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.
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