Short Interest in Principal Real Estate Income Fund (NYSE:PGZ) Grows By 295.3%

Principal Real Estate Income Fund (NYSE:PGZ) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 30,050 shares, a growth of 295.3% from the March 31st total of 7,602 shares. Based on an average daily volume of 31,239 shares, the short-interest ratio is presently 1.0 days.

Principal Real Estate Income Fund Price Performance

PGZ traded down $0.00 during trading on Friday, hitting $10.22. 28,196 shares of the company’s stock were exchanged, compared to its average volume of 29,290. Principal Real Estate Income Fund has a 1 year low of $9.32 and a 1 year high of $10.68. The stock has a 50 day moving average price of $10.12 and a 200 day moving average price of $10.16.

Principal Real Estate Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a dividend of $0.105 per share. This represents a c) annualized dividend and a yield of 12.3%. The ex-dividend date is Friday, July 17th.

Institutional Investors Weigh In On Principal Real Estate Income Fund

Several institutional investors have recently bought and sold shares of PGZ. Baird Financial Group Inc. purchased a new stake in Principal Real Estate Income Fund during the second quarter worth approximately $123,000. Raymond James Financial Inc. grew its stake in Principal Real Estate Income Fund by 77.3% during the second quarter. Raymond James Financial Inc. now owns 43,797 shares of the company’s stock worth $461,000 after buying an additional 19,095 shares during the period. Shaker Financial Services LLC purchased a new stake in Principal Real Estate Income Fund during the third quarter worth approximately $143,000. NWF Advisory Services Inc. grew its stake in Principal Real Estate Income Fund by 7.9% during the third quarter. NWF Advisory Services Inc. now owns 48,000 shares of the company’s stock worth $502,000 after buying an additional 3,500 shares during the period. Finally, J.W. Cole Advisors Inc. grew its stake in Principal Real Estate Income Fund by 13.9% during the third quarter. J.W. Cole Advisors Inc. now owns 112,130 shares of the company’s stock worth $1,173,000 after buying an additional 13,677 shares during the period.

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.