Principal Real Estate Income Fund (PGZ) To Go Ex-Dividend on March 17th

Principal Real Estate Income Fund (NYSE:PGZ) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Tuesday, March 17th will be given a dividend of 0.105 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date of this dividend is Tuesday, March 17th.

Principal Real Estate Income Fund Price Performance

PGZ stock traded down $0.01 during mid-day trading on Friday, hitting $9.96. 22,797 shares of the company were exchanged, compared to its average volume of 28,739. The firm has a fifty day simple moving average of $10.23 and a 200 day simple moving average of $10.26. Principal Real Estate Income Fund has a twelve month low of $9.24 and a twelve month high of $10.68.

Institutional Trading of Principal Real Estate Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of PGZ. Advisors Asset Management Inc. bought a new position in Principal Real Estate Income Fund during the 3rd quarter worth approximately $1,583,000. Closed End Fund Advisors Inc. bought a new stake in shares of Principal Real Estate Income Fund in the 4th quarter valued at approximately $827,000. Evolve Private Wealth LLC acquired a new stake in shares of Principal Real Estate Income Fund during the 4th quarter valued at approximately $710,000. Riverbridge Partners LLC raised its position in shares of Principal Real Estate Income Fund by 29.1% during the 4th quarter. Riverbridge Partners LLC now owns 187,204 shares of the company’s stock valued at $1,874,000 after acquiring an additional 42,232 shares in the last quarter. Finally, Guggenheim Capital LLC bought a new position in Principal Real Estate Income Fund during the fourth quarter worth $422,000.

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.