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

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

Principal Real Estate Income Fund Stock Performance

Shares of NYSE PGZ opened at $9.58 on Monday. Principal Real Estate Income Fund has a 52-week low of $9.32 and a 52-week high of $10.64. The stock has a 50 day moving average price of $10.09 and a 200 day moving average price of $10.05.

Principal Real Estate Income Fund Announces Dividend

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

Hedge Funds Weigh In On Principal Real Estate Income Fund

Several institutional investors have recently made changes to their positions in PGZ. Evolve Private Wealth LLC purchased a new stake in Principal Real Estate Income Fund in the fourth quarter worth about $710,000. Raymond James Financial Inc. grew its holdings in Principal Real Estate Income Fund by 12.0% during the 3rd quarter. Raymond James Financial Inc. now owns 49,062 shares of the company’s stock worth $513,000 after acquiring an additional 5,265 shares in the last quarter. Guggenheim Capital LLC purchased a new position in Principal Real Estate Income Fund during the 4th quarter valued at about $422,000. First Trust Advisors LP increased its position in Principal Real Estate Income Fund by 3.2% during the 3rd quarter. First Trust Advisors LP now owns 35,828 shares of the company’s stock valued at $375,000 after purchasing an additional 1,118 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of Principal Real Estate Income Fund by 37.3% in the 4th quarter. LPL Financial LLC now owns 18,883 shares of the company’s stock valued at $189,000 after purchasing an additional 5,125 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.