Short Interest in Principal Real Estate Income Fund (NYSE:PGZ) Declines By 51.4%

Principal Real Estate Income Fund (NYSE:PGZ) saw a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 3,775 shares, a drop of 51.4% from the January 15th total of 7,771 shares. Based on an average trading volume of 23,508 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 23,508 shares, the short-interest ratio is currently 0.2 days.

Principal Real Estate Income Fund Stock Performance

Shares of PGZ traded up $0.06 on Friday, reaching $10.50. The stock had a trading volume of 25,882 shares, compared to its average volume of 29,269. Principal Real Estate Income Fund has a twelve month low of $9.24 and a twelve month high of $10.76. The firm has a 50-day moving average of $10.10 and a 200 day moving average of $10.28.

Principal Real Estate Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be issued a $0.105 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a c) annualized dividend and a yield of 12.0%.

Institutional Investors Weigh In On Principal Real Estate Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in the business. Advisors Asset Management Inc. increased its holdings in Principal Real Estate Income Fund by 15.6% during the 4th quarter. Advisors Asset Management Inc. now owns 175,038 shares of the company’s stock valued at $1,752,000 after acquiring an additional 23,664 shares in the last quarter. LPL Financial LLC increased 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 worth $189,000 after purchasing an additional 5,125 shares in the last quarter. Closed End Fund Advisors Inc. acquired a new position in shares of Principal Real Estate Income Fund during the 4th quarter worth approximately $827,000. Wolverine Asset Management LLC purchased a new stake in Principal Real Estate Income Fund in the 4th quarter valued at approximately $298,000. Finally, Shaker Financial Services LLC grew its holdings in Principal Real Estate Income Fund by 272.9% during the 4th quarter. Shaker Financial Services LLC now owns 50,826 shares of the company’s stock valued at $509,000 after buying an additional 37,197 shares during the last quarter.

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.