Short Interest in Principal Real Estate Income Fund (NYSE:PGZ) Declines By 18.8%

Principal Real Estate Income Fund (NYSE:PGZ) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 12,655 shares, a decline of 18.8% from the February 26th total of 15,584 shares. Based on an average daily volume of 28,445 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Principal Real Estate Income Fund

A number of hedge funds have recently modified their holdings of PGZ. Evolve Private Wealth LLC acquired a new position in shares of Principal Real Estate Income Fund in the 4th quarter valued at approximately $710,000. Raymond James Financial Inc. lifted its stake in Principal Real Estate Income Fund by 12.0% in the third quarter. Raymond James Financial Inc. now owns 49,062 shares of the company’s stock valued at $513,000 after buying an additional 5,265 shares in the last quarter. Guggenheim Capital LLC acquired a new position in shares of Principal Real Estate Income Fund in the fourth quarter valued at approximately $422,000. First Trust Advisors LP increased its position in shares of Principal Real Estate Income Fund by 3.2% during the third quarter. First Trust Advisors LP now owns 35,828 shares of the company’s stock worth $375,000 after acquiring an additional 1,118 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of Principal Real Estate Income Fund by 37.3% during the fourth quarter. LPL Financial LLC now owns 18,883 shares of the company’s stock worth $189,000 after acquiring an additional 5,125 shares during the period.

Principal Real Estate Income Fund Trading Up 1.4%

PGZ traded up $0.14 during mid-day trading on Monday, hitting $9.51. The stock had a trading volume of 14,504 shares, compared to its average volume of 29,316. The stock’s fifty day simple moving average is $10.15 and its 200-day simple moving average is $10.21. Principal Real Estate Income Fund has a 1-year low of $9.24 and a 1-year high of $10.68.

Principal Real Estate Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a $0.105 dividend. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date of this dividend is Thursday, April 16th.

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.