Principal Real Estate Income Fund (PGZ) To Go Ex-Dividend on July 17th

Principal Real Estate Income Fund (NYSE:PGZ) announced a monthly dividend on Wednesday, April 1st. Shareholders of record on Friday, July 17th will be paid a dividend of 0.105 per share on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date of this dividend is Friday, July 17th.

Principal Real Estate Income Fund Stock Performance

Shares of NYSE PGZ opened at $10.37 on Wednesday. Principal Real Estate Income Fund has a one year low of $9.32 and a one year high of $10.64. The company’s fifty day moving average is $10.00 and its two-hundred day moving average is $10.08.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PGZ. Baird Financial Group Inc. purchased a new stake in shares of Principal Real Estate Income Fund during the 2nd quarter worth approximately $123,000. Lido Advisors LLC purchased a new position in Principal Real Estate Income Fund in the 1st quarter valued at approximately $119,000. LPL Financial LLC increased its stake in Principal Real Estate Income Fund by 37.3% in the 4th quarter. LPL Financial LLC now owns 18,883 shares of the company’s stock valued at $189,000 after purchasing an additional 5,125 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Principal Real Estate Income Fund during the 4th quarter worth approximately $298,000. Finally, First Trust Advisors LP lifted its stake in Principal Real Estate Income Fund by 3.2% in the 3rd 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 in 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.