Principal Real Estate Income Fund (NYSE:PGZ) Stock Price Down 0.8% – What’s Next?

Principal Real Estate Income Fund (NYSE:PGZ)’s share price traded down 0.8% on Tuesday . The company traded as low as $10.38 and last traded at $10.3960. 40,131 shares traded hands during trading, an increase of 41% from the average session volume of 28,441 shares. The stock had previously closed at $10.48.

Principal Real Estate Income Fund Stock Performance

The stock’s fifty day moving average price is $10.45 and its two-hundred day moving average price is $10.40.

Principal Real Estate Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 12.1%.

Institutional Trading of Principal Real Estate Income Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. J.W. Cole Advisors Inc. increased its position in Principal Real Estate Income Fund by 27.1% during the 1st quarter. J.W. Cole Advisors Inc. now owns 95,292 shares of the company’s stock valued at $1,003,000 after purchasing an additional 20,337 shares during the period. Raymond James Financial Inc. boosted its stake in shares of Principal Real Estate Income Fund by 77.3% during the 2nd quarter. Raymond James Financial Inc. now owns 43,797 shares of the company’s stock valued at $461,000 after purchasing an additional 19,095 shares in the last quarter. Clear Creek Financial Management LLC purchased a new position in shares of Principal Real Estate Income Fund during the first quarter valued at about $178,000. Shaker Financial Services LLC purchased a new position in shares of Principal Real Estate Income Fund during the third quarter valued at about $143,000. Finally, Baird Financial Group Inc. bought a new position in Principal Real Estate Income Fund in the second quarter worth about $123,000.

Principal Real Estate Income Fund Company Profile

Principal Real Estate Income Fund is a closed ended balanced mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Principal Real Estate Investors, LLC. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in commercial mortgage backed securities, real estate investment trusts and REIT-like entities.