Principal Real Estate Income Fund (PGZ) to Issue Monthly Dividend of $0.10 on October 30th

Principal Real Estate Income Fund (NYSE:PGZ) declared a monthly dividend on Wednesday, July 1st. Investors of record on Friday, October 16th will be paid a dividend of 0.105 per share on Friday, October 30th. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date of this dividend is Friday, October 16th.

Principal Real Estate Income Fund Trading Up 0.3%

Shares of Principal Real Estate Income Fund stock opened at $10.32 on Friday. Principal Real Estate Income Fund has a fifty-two week low of $9.32 and a fifty-two week high of $10.64. The stock has a 50 day moving average of $9.98 and a 200 day moving average of $10.06.

Institutional Trading of Principal Real Estate Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Riverbridge Partners LLC boosted its stake in Principal Real Estate Income Fund by 8.0% during the first quarter. Riverbridge Partners LLC now owns 202,268 shares of the company’s stock worth $1,944,000 after buying an additional 15,064 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Principal Real Estate Income Fund by 15.6% in the 4th quarter. Advisors Asset Management Inc. now owns 175,038 shares of the company’s stock worth $1,752,000 after acquiring an additional 23,664 shares during the last quarter. Closed End Fund Advisors Inc. purchased a new position in shares of Principal Real Estate Income Fund during the 4th quarter worth approximately $827,000. Evolve Private Wealth LLC purchased a new position in shares of Principal Real Estate Income Fund during the 4th quarter worth approximately $710,000. Finally, Shaker Financial Services LLC increased its holdings in Principal Real Estate Income Fund by 272.9% in the 4th quarter. Shaker Financial Services LLC now owns 50,826 shares of the company’s stock valued at $509,000 after purchasing an additional 37,197 shares during the last quarter.

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.