Principal Real Estate Income Fund (NYSE:PGZ) Announces Monthly Dividend of $0.11

Principal Real Estate Income Fund (NYSE:PGZ) declared a monthly dividend on Wednesday, April 1st. Investors of record on Monday, June 15th will be given a dividend of 0.105 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend is Monday, June 15th.

Principal Real Estate Income Fund Price Performance

PGZ stock remained flat at $10.15 on Friday. The company had a trading volume of 41,370 shares, compared to its average volume of 27,133. The firm’s 50 day simple moving average is $10.01 and its two-hundred day simple moving average is $10.06. Principal Real Estate Income Fund has a one year low of $9.32 and a one year high of $10.64.

Hedge Funds Weigh In On Principal Real Estate Income Fund

Several institutional investors and hedge funds have recently modified their holdings of PGZ. Lido Advisors LLC bought a new position in Principal Real Estate Income Fund in the 1st quarter worth about $119,000. Baird Financial Group Inc. bought a new stake in Principal Real Estate Income Fund during the 2nd quarter valued at about $123,000. LPL Financial LLC raised its holdings in Principal Real Estate Income Fund by 37.3% in the fourth quarter. LPL Financial LLC now owns 18,883 shares of the company’s stock worth $189,000 after buying an additional 5,125 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in Principal Real Estate Income Fund in the fourth quarter worth about $298,000. Finally, First Trust Advisors LP lifted its stake in shares of Principal Real Estate Income Fund by 7.5% in the first quarter. First Trust Advisors LP now owns 36,243 shares of the company’s stock worth $348,000 after buying an additional 2,522 shares in the last quarter.

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.