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

Principal Real Estate Income Fund (NYSE:PGZ) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 5,597 shares, a drop of 81.4% from the April 15th total of 30,050 shares. Based on an average daily volume of 25,193 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Principal Real Estate Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of the company. NWF Advisory Services Inc. boosted its holdings in Principal Real Estate Income Fund by 5.5% in the 1st quarter. NWF Advisory Services Inc. now owns 48,200 shares of the company’s stock valued at $463,000 after purchasing an additional 2,500 shares during the period. Riverbridge Partners LLC increased its holdings in shares of Principal Real Estate Income Fund by 8.0% in the first quarter. Riverbridge Partners LLC now owns 202,268 shares of the company’s stock worth $1,944,000 after purchasing an additional 15,064 shares during the period. Evolve Private Wealth LLC bought a new position in shares of Principal Real Estate Income Fund in the fourth quarter worth $710,000. Guggenheim Capital LLC purchased a new stake in shares of Principal Real Estate Income Fund in the fourth quarter worth $422,000. Finally, Advisors Asset Management Inc. raised its position in shares of Principal Real Estate Income Fund by 15.6% in the fourth quarter. Advisors Asset Management Inc. now owns 175,038 shares of the company’s stock worth $1,752,000 after buying an additional 23,664 shares in the last quarter.

Principal Real Estate Income Fund Trading Down 0.4%

Shares of PGZ traded down $0.04 during midday trading on Tuesday, hitting $10.06. 837 shares of the company traded hands, compared to its average volume of 28,039. The stock has a 50-day moving average of $10.06 and a 200-day moving average of $10.14. Principal Real Estate Income Fund has a one year low of $9.32 and a one year high of $10.64.

Principal Real Estate Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Friday, July 17th. This represents a c) annualized dividend and a yield of 12.5%.

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.