Nuveen Real Estate Income Fund (NYSE:JRS) to Issue Dividend Increase – $0.19 Per Share

Nuveen Real Estate Income Fund (NYSE:JRS) announced a quarterly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be paid 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 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 Stock Performance

Shares of NYSE:JRS opened at $8.09 on Tuesday. Nuveen Real Estate Income Fund has a twelve month low of $7.12 and a twelve month high of $8.38. The firm has a 50 day simple moving average of $7.95 and a 200-day simple moving average of $7.86.

Hedge Funds Weigh In On Nuveen Real Estate Income Fund

A number of institutional investors have recently modified their holdings of the business. Merit Financial Group LLC acquired a new position in Nuveen Real Estate Income Fund in the 4th quarter valued at $251,000. World Investment Advisors acquired a new position in Nuveen Real Estate Income Fund in the 4th quarter valued at $333,000. Cetera Investment Advisers increased its stake in Nuveen Real Estate Income Fund by 18.1% in the 1st quarter. Cetera Investment Advisers now owns 180,126 shares of the company’s stock valued at $1,344,000 after buying an additional 27,579 shares during the period. Envestnet Asset Management Inc. increased its stake in Nuveen Real Estate Income Fund by 39.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 65,713 shares of the company’s stock valued at $538,000 after buying an additional 18,448 shares during the period. Finally, Advisory Services Network LLC increased its stake in Nuveen Real Estate Income Fund by 14.9% in the 2nd quarter. Advisory Services Network LLC now owns 102,626 shares of the company’s stock valued at $786,000 after buying an additional 13,324 shares during the period.

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.