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

Principal Real Estate Income Fund (NYSE:PGZ) saw a significant growth in short interest in February. As of February 13th, there was short interest totaling 12,919 shares, a growth of 242.2% from the January 29th total of 3,775 shares. Based on an average daily volume of 39,880 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 39,880 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Principal Real Estate Income Fund

A number of institutional investors have recently modified their holdings of the business. Evolve Private Wealth LLC purchased a new stake in Principal Real Estate Income Fund during the 4th quarter worth about $710,000. Guggenheim Capital LLC bought a new position in shares of Principal Real Estate Income Fund in the 4th quarter worth $422,000. Advisors Asset Management Inc. raised its position in shares of Principal Real Estate Income Fund by 15.6% during the 4th quarter. Advisors Asset Management Inc. now owns 175,038 shares of the company’s stock valued at $1,752,000 after buying an additional 23,664 shares in the last quarter. LPL Financial LLC raised its position in shares of Principal Real Estate Income Fund by 37.3% during the 4th quarter. LPL Financial LLC now owns 18,883 shares of the company’s stock valued at $189,000 after buying an additional 5,125 shares in the last quarter. Finally, Closed End Fund Advisors Inc. bought a new stake in shares of Principal Real Estate Income Fund during the 4th quarter worth $827,000.

Principal Real Estate Income Fund Trading Up 0.1%

PGZ stock traded up $0.01 during trading on Thursday, reaching $10.42. The stock had a trading volume of 926 shares, compared to its average volume of 27,745. The company’s 50 day moving average is $10.17 and its two-hundred day moving average is $10.28. Principal Real Estate Income Fund has a one year low of $9.24 and a one year high of $10.76.

Principal Real Estate Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be given a dividend of $0.105 per share. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date of this dividend is Thursday, April 16th.

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.