Principal Real Estate Income Fund (NYSE:PGZ) Short Interest Down 35.4% in August

Principal Real Estate Income Fund (NYSE:PGZ) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 17,916 shares, a decrease of 35.4% from the July 30th total of 27,725 shares. Based on an average daily volume of 13,790 shares, the days-to-cover ratio is presently 1.3 days.

Principal Real Estate Income Fund Price Performance

NYSE PGZ opened at $9.76 on Thursday. The company’s 50 day moving average is $10.17 and its 200-day moving average is $10.08. Principal Real Estate Income Fund has a 12-month low of $9.32 and a 12-month high of $10.64.

Principal Real Estate Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 16th will be paid a $0.105 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend is Friday, October 16th.

Institutional Investors Weigh In On Principal Real Estate Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Riverbridge Partners LLC grew its holdings in shares of Principal Real Estate Income Fund by 8.0% during the 1st quarter. Riverbridge Partners LLC now owns 202,268 shares of the company’s stock worth $1,944,000 after acquiring an additional 15,064 shares during the period. Lido Advisors LLC bought a new stake in shares of Principal Real Estate Income Fund during the first quarter valued at approximately $119,000. First Trust Advisors LP boosted its position in shares of Principal Real Estate Income Fund by 3.2% during the third quarter. First Trust Advisors LP now owns 35,828 shares of the company’s stock valued at $375,000 after purchasing an additional 1,118 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Principal Real Estate Income Fund by 15.6% in the fourth quarter. Advisors Asset Management Inc. now owns 175,038 shares of the company’s stock worth $1,752,000 after purchasing an additional 23,664 shares during the period. Finally, Evolve Private Wealth LLC purchased a new stake in Principal Real Estate Income Fund in the fourth quarter worth $710,000.

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.