Principal Real Estate Income Fund (NYSE:PGZ) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Principal Real Estate Income Fund (NYSE:PGZ) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $9.99 and traded as low as $9.66. Principal Real Estate Income Fund shares last traded at $9.68, with a volume of 11,002 shares traded.

Principal Real Estate Income Fund Stock Performance

The business has a 50-day moving average price of $9.99 and a 200-day moving average price of $10.12.

Principal Real Estate Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be given a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a c) dividend on an annualized basis and a dividend yield of 13.0%.

Institutional Investors Weigh In On Principal Real Estate Income Fund

A number of hedge funds have recently made changes to their positions in PGZ. Baird Financial Group Inc. purchased a new stake in shares of Principal Real Estate Income Fund during the 2nd quarter worth $123,000. Raymond James Financial Inc. increased its position in Principal Real Estate Income Fund by 77.3% during the 2nd quarter. Raymond James Financial Inc. now owns 43,797 shares of the company’s stock valued at $461,000 after buying an additional 19,095 shares in the last quarter. NWF Advisory Services Inc. increased its position in Principal Real Estate Income Fund by 7.9% during the 3rd quarter. NWF Advisory Services Inc. now owns 48,000 shares of the company’s stock valued at $502,000 after buying an additional 3,500 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in Principal Real Estate Income Fund by 13.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 112,130 shares of the company’s stock valued at $1,173,000 after buying an additional 13,677 shares in the last quarter. Finally, Advisors Asset Management Inc. acquired a new position in Principal Real Estate Income Fund during the 3rd quarter valued at about $1,583,000.

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.