Could Nuveen Real Estate Income Fund (JRS) Change Direction After This Wedge Up Pattern

July 14, 2018 - By Vernon Rice

Investors sentiment increased to 0.79 in 2018 Q1. Its up 0.05, from 0.74 in 2017Q4. It increased, as 5 investors sold Nuveen Real Estate Income Fund shares while 14 reduced holdings. 8 funds opened positions while 7 raised stakes. 2.70 million shares or 4.31% less from 2.82 million shares in 2017Q4 were reported.
Private Advisor Ltd holds 0.03% of its portfolio in Nuveen Real Estate Income Fund (NYSE:JRS) for 78,804 shares. Garrison Bradford & Assoc holds 0.11% or 13,500 shares in its portfolio. Whitnell And Comm reported 0.69% of its portfolio in Nuveen Real Estate Income Fund (NYSE:JRS). Wolverine Asset Management Limited Liability Company, a Illinois-based fund reported 6,093 shares. Pnc Svcs Gp holds 0% of its portfolio in Nuveen Real Estate Income Fund (NYSE:JRS) for 28,990 shares. Dynamic Advisor Solutions Lc invested in 24,127 shares. Clough Capital Ptnrs Limited Partnership has 0.05% invested in Nuveen Real Estate Income Fund (NYSE:JRS). Janney Montgomery Scott Lc holds 0% or 44,853 shares. Morgan Stanley invested in 931,088 shares. Kistler reported 3,286 shares. Moreover, Lpl Ltd has 0% invested in Nuveen Real Estate Income Fund (NYSE:JRS). Peoples Svcs Corp reported 0.01% in Nuveen Real Estate Income Fund (NYSE:JRS). Savings Bank Of Ny Mellon stated it has 12,191 shares. National Bank Of America De owns 37,975 shares or 0% of their US portfolio. Blume Cap Management Inc accumulated 150 shares.

Since March 23, 2018, it had 2 insider purchases, and 0 selling transactions for $1,934 activity.

The stock of Nuveen Real Estate Income Fund (JRS) formed an up wedge with $10.85 target or 8.00 % above today’s $10.05 share price. The 5 months wedge indicates low risk for the $290.37M company. If the $10.85 price target is reached, the company will be worth $23.23M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

It closed at $10.05 lastly. It is down 13.76% since July 14, 2017 and is downtrending. It has underperformed by 26.33% the S&P500.

Nuveen Real Estate Income Fund is a closed-ended equity mutual fund launched by Nuveen Investments Inc. The company has market cap of $290.37 million. The fund is managed by Security Capital Research & Management Incorporated. It currently has negative earnings. It invests in the public equity markets of the United States.

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