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

Principal Real Estate Income Fund (NYSE:PGZ) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 30,050 shares, an increase of 295.3% from the March 31st total of 7,602 shares. Based on an average daily volume of 31,239 shares, the short-interest ratio is presently 1.0 days.

Principal Real Estate Income Fund Price Performance

PGZ traded down $0.00 on Friday, hitting $10.22. The company had a trading volume of 28,196 shares, compared to its average volume of 29,290. The stock has a fifty day moving average price of $10.12 and a 200-day moving average price of $10.17. Principal Real Estate Income Fund has a 12-month low of $9.32 and a 12-month high of $10.68.

Principal Real Estate Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a $0.105 dividend. This represents a c) annualized dividend and a yield of 12.3%. The ex-dividend date is Friday, July 17th.

Institutional Investors Weigh In On Principal Real Estate Income Fund

Several institutional investors have recently added to or reduced their stakes in PGZ. Baird Financial Group Inc. acquired a new stake in Principal Real Estate Income Fund in the second quarter worth about $123,000. Shaker Financial Services LLC acquired a new stake in Principal Real Estate Income Fund in the third quarter worth about $143,000. LPL Financial LLC boosted its holdings in Principal Real Estate Income Fund by 37.3% in the fourth quarter. LPL Financial LLC now owns 18,883 shares of the company’s stock worth $189,000 after acquiring an additional 5,125 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in Principal Real Estate Income Fund in the fourth quarter worth about $298,000. Finally, First Trust Advisors LP boosted its holdings in Principal Real Estate Income Fund by 3.2% in the third quarter. First Trust Advisors LP now owns 35,828 shares of the company’s stock worth $375,000 after acquiring an additional 1,118 shares in the last quarter.

About Principal Real Estate Income Fund

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.