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

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

Institutional Trading of Principal Real Estate Income Fund

A number of institutional investors have recently bought and sold shares of PGZ. Riverbridge Partners LLC grew its stake in Principal Real Estate Income Fund by 0.9% in the second quarter. Riverbridge Partners LLC now owns 204,139 shares of the company’s stock valued at $2,101,000 after purchasing an additional 1,871 shares in the last quarter. Lido Advisors LLC purchased a new stake in shares of Principal Real Estate Income Fund during the 1st quarter worth about $119,000. First Trust Advisors LP raised its stake in shares of Principal Real Estate Income Fund by 7.5% during the 1st quarter. First Trust Advisors LP now owns 36,243 shares of the company’s stock worth $348,000 after purchasing an additional 2,522 shares in the last quarter. NWF Advisory Services Inc. lifted its holdings in shares of Principal Real Estate Income Fund by 5.5% during the 1st quarter. NWF Advisory Services Inc. now owns 48,200 shares of the company’s stock valued at $463,000 after buying an additional 2,500 shares during the last quarter. Finally, Evolve Private Wealth LLC bought a new stake in shares of Principal Real Estate Income Fund in the 4th quarter valued at approximately $710,000.

Principal Real Estate Income Fund Stock Down 0.6%

Principal Real Estate Income Fund stock traded down $0.06 during trading hours on Tuesday, hitting $9.80. The company had a trading volume of 26,605 shares, compared to its average volume of 24,809. Principal Real Estate Income Fund has a fifty-two week low of $9.32 and a fifty-two week high of $10.64. The firm’s fifty day moving average is $10.18 and its 200-day moving average is $10.09.

Principal Real Estate Income Fund Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Friday, October 16th. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%.

Principal Real Estate Income Fund Company Profile

(Get Free Report)

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.

Further Reading

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