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

Principal Real Estate Income Fund (NYSE:PGZ) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totaling 7,602 shares, a decline of 39.9% from the March 15th total of 12,655 shares. Based on an average daily trading volume, of 32,141 shares, the days-to-cover ratio is presently 0.2 days.

Principal Real Estate Income Fund Trading Down 0.0%

Shares of PGZ stock opened at $10.18 on Monday. Principal Real Estate Income Fund has a 1-year low of $9.32 and a 1-year high of $10.68. The stock’s fifty day simple moving average is $10.12 and its 200-day simple moving average is $10.17.

Principal Real Estate Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be issued a dividend of $0.105 per share. The ex-dividend date is Friday, July 17th. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PGZ. Advisors Asset Management Inc. purchased a new position in shares of Principal Real Estate Income Fund during the third quarter valued at $1,583,000. Closed End Fund Advisors Inc. purchased a new position in shares of Principal Real Estate Income Fund during the fourth quarter valued at $827,000. Evolve Private Wealth LLC purchased a new position in shares of Principal Real Estate Income Fund during the fourth quarter valued at $710,000. Riverbridge Partners LLC grew its holdings in shares of Principal Real Estate Income Fund by 29.1% during the fourth quarter. Riverbridge Partners LLC now owns 187,204 shares of the company’s stock valued at $1,874,000 after buying an additional 42,232 shares in the last quarter. Finally, Guggenheim Capital LLC purchased a new position in shares of Principal Real Estate Income Fund during the fourth quarter valued at $422,000.

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.