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

Principal Real Estate Income Fund (NYSE:PGZ) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 8,604 shares, a decrease of 52.0% from the August 15th total of 17,916 shares. Based on an average daily volume of 25,070 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Principal Real Estate Income Fund

Several hedge funds have recently bought and sold shares of PGZ. Closed End Fund Advisors Inc. bought a new stake in shares of Principal Real Estate Income Fund during the fourth quarter worth $827,000. Riverbridge Partners LLC grew its holdings in shares of Principal Real Estate Income Fund by 8.0% in the first quarter. Riverbridge Partners LLC now owns 202,268 shares of the company’s stock worth $1,944,000 after purchasing an additional 15,064 shares during the last quarter. First Trust Advisors LP increased its stake in Principal Real Estate Income Fund by 3.2% in the 3rd quarter. First Trust Advisors LP now owns 35,828 shares of the company’s stock worth $375,000 after buying an additional 1,118 shares during the period. Evolve Private Wealth LLC purchased a new position in Principal Real Estate Income Fund in the 4th quarter worth about $710,000. Finally, Advisors Asset Management Inc. lifted its holdings in 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.

Principal Real Estate Income Fund Price Performance

Shares of NYSE PGZ opened at $9.58 on Monday. Principal Real Estate Income Fund has a 1 year low of $9.32 and a 1 year high of $10.64. The firm has a 50-day simple moving average of $10.09 and a two-hundred day simple moving average of $10.05.

Principal Real Estate Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a dividend of $0.105 per share. This represents a c) dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date of this dividend is Friday, October 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.