Principal Real Estate Income Fund (NYSE:PGZ) to Issue $0.10 Monthly Dividend

Principal Real Estate Income Fund (NYSE:PGZ) declared a monthly dividend on Wednesday, April 1st. Investors of record on Friday, July 17th will be given a dividend of 0.105 per share on Friday, July 31st. This represents a c) annualized dividend and a yield of 12.2%. The ex-dividend date of this dividend is Friday, July 17th.

Principal Real Estate Income Fund Price Performance

NYSE:PGZ opened at $10.37 on Wednesday. The business’s fifty day moving average price is $10.00 and its 200 day moving average price is $10.08. Principal Real Estate Income Fund has a 1-year low of $9.32 and a 1-year high of $10.64.

Institutional Trading of Principal Real Estate Income Fund

Hedge funds have recently made changes to their positions in the stock. Lido Advisors LLC purchased a new position in Principal Real Estate Income Fund during the first quarter valued at approximately $119,000. First Trust Advisors LP lifted its position in Principal Real Estate Income Fund by 7.5% in the 1st 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. Guggenheim Capital LLC acquired a new stake in shares of Principal Real Estate Income Fund during the 4th quarter valued at $422,000. LPL Financial LLC boosted its stake 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 during the period. Finally, Raymond James Financial Inc. increased its stake in shares of Principal Real Estate Income Fund by 77.3% in the second quarter. Raymond James Financial Inc. now owns 43,797 shares of the company’s stock worth $461,000 after acquiring an additional 19,095 shares during 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.