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

Principal Real Estate Income Fund (NYSE:PGZ) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 42,944 shares, a growth of 223.9% from the May 31st total of 13,260 shares. Based on an average trading volume of 25,037 shares, the days-to-cover ratio is presently 1.7 days.

Principal Real Estate Income Fund Stock Up 0.5%

NYSE PGZ traded up $0.06 on Friday, hitting $10.12. 12,549 shares of the company were exchanged, compared to its average volume of 26,547. The stock has a fifty day moving average of $9.98 and a 200-day moving average of $10.05. Principal Real Estate Income Fund has a 12 month low of $9.32 and a 12 month 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. 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) annualized dividend and a dividend yield of 12.4%.

Hedge Funds Weigh In On Principal Real Estate Income Fund

A number of large investors have recently modified their holdings of PGZ. First Trust Advisors LP grew its holdings 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 valued at $375,000 after buying an additional 1,118 shares during the last quarter. NWF Advisory Services Inc. boosted its stake in Principal Real Estate Income Fund by 5.5% during 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 last quarter. LPL Financial LLC increased its holdings in 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. Raymond James Financial Inc. increased its holdings in Principal Real Estate Income Fund by 12.0% during the 3rd quarter. Raymond James Financial Inc. now owns 49,062 shares of the company’s stock worth $513,000 after purchasing an additional 5,265 shares in the last quarter. Finally, Baird Financial Group Inc. purchased a new stake in shares of Principal Real Estate Income Fund in the second quarter worth approximately $123,000.

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.