Nuveen Real Estate Income Fund Announces Quarterly Dividend of $0.17 (NYSE:JRS)

Nuveen Real Estate Income Fund (NYSE:JRS) declared a quarterly dividend on Monday, December 1st. Stockholders of record on Monday, December 15th will be paid a dividend of 0.17 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Monday, December 15th.

Nuveen Real Estate Income Fund Stock Down 0.4%

Nuveen Real Estate Income Fund stock traded down $0.04 during trading hours on Tuesday, hitting $7.85. The stock had a trading volume of 9,474 shares, compared to its average volume of 83,244. The stock’s 50-day moving average price is $7.99 and its 200-day moving average price is $7.92. Nuveen Real Estate Income Fund has a 12-month low of $6.56 and a 12-month high of $9.51.

Institutional Investors Weigh In On Nuveen Real Estate Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wolverine Asset Management LLC acquired a new stake in shares of Nuveen Real Estate Income Fund during the second quarter valued at about $2,497,000. Advisors Asset Management Inc. raised its stake in shares of Nuveen Real Estate Income Fund by 26.8% during the first quarter. Advisors Asset Management Inc. now owns 894,897 shares of the company’s stock valued at $7,374,000 after acquiring an additional 188,944 shares during the last quarter. Pathstone Holdings LLC grew its stake in shares of Nuveen Real Estate Income Fund by 26.4% in the third quarter. Pathstone Holdings LLC now owns 674,774 shares of the company’s stock worth $5,520,000 after purchasing an additional 140,914 shares during the last quarter. Cornerstone Advisors LLC increased its holdings in Nuveen Real Estate Income Fund by 256.6% in the third quarter. Cornerstone Advisors LLC now owns 84,614 shares of the company’s stock valued at $692,000 after purchasing an additional 60,884 shares during the period. Finally, Consolidated Portfolio Review Corp acquired a new position in Nuveen Real Estate Income Fund during the 2nd quarter worth about $385,000.

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.