Principal Real Estate Income Fund (NYSE:PGZ) Short Interest Update

Principal Real Estate Income Fund (NYSE:PGZ) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 12,655 shares, a decline of 18.8% from the February 26th total of 15,584 shares. Based on an average trading volume of 28,445 shares, the short-interest ratio is currently 0.4 days.

Principal Real Estate Income Fund Price Performance

Shares of PGZ traded up $0.14 during mid-day trading on Monday, hitting $9.51. 14,504 shares of the company traded hands, compared to its average volume of 29,316. The business has a 50-day moving average of $10.15 and a 200 day moving average of $10.21. Principal Real Estate Income Fund has a one year low of $9.24 and a one year high of $10.68.

Principal Real Estate Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a $0.105 dividend. This represents a c) annualized dividend and a dividend yield of 13.3%. The ex-dividend date of this dividend is Thursday, April 16th.

Institutional Trading of Principal Real Estate Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Baird Financial Group Inc. bought a new position in shares of Principal Real Estate Income Fund in the 2nd quarter valued at about $123,000. Shaker Financial Services LLC acquired a new position in Principal Real Estate Income Fund in the third quarter valued at approximately $143,000. LPL Financial LLC grew its holdings in Principal Real Estate Income Fund by 37.3% during the 4th quarter. LPL Financial LLC now owns 18,883 shares of the company’s stock worth $189,000 after acquiring an additional 5,125 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of Principal Real Estate Income Fund during the 4th quarter valued at $298,000. Finally, First Trust Advisors LP raised its position in shares of Principal Real Estate Income Fund by 3.2% during the 3rd quarter. First Trust Advisors LP now owns 35,828 shares of the company’s stock valued at $375,000 after acquiring an additional 1,118 shares during the last quarter.

Principal Real Estate Income Fund Company Profile

Principal Real Estate Income Fund Inc (NYSE: PGZ) is a diversified, closed-end management investment company that seeks a high level of current income and capital appreciation through investments in real estate securities. Launched in 2015 and managed by Principal Real Estate Investors, LLC, the fund primarily targets publicly traded equity and mortgage real estate investment trusts (REITs), as well as real estate operating companies. It offers investors access to a broad real estate portfolio that may include residential, office, industrial, retail and specialty property sectors.

The fund’s investment approach emphasizes a balance between income generation and total return potential.