Principal Real Estate Income Fund (NYSE:PGZ) Sees Significant Growth in Short Interest

Principal Real Estate Income Fund (NYSE:PGZ) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 12,919 shares, a growth of 242.2% from the January 29th total of 3,775 shares. Based on an average trading volume of 39,880 shares, the short-interest ratio is presently 0.3 days. Based on an average trading volume of 39,880 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Principal Real Estate Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP increased its stake in shares of 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 acquiring an additional 1,118 shares during the last quarter. J.W. Cole Advisors Inc. grew its holdings in Principal Real Estate Income Fund by 3.3% during the second quarter. J.W. Cole Advisors Inc. now owns 98,453 shares of the company’s stock valued at $1,036,000 after purchasing an additional 3,161 shares during the period. NWF Advisory Services Inc. increased its stake in Principal Real Estate Income Fund by 7.9% in the third quarter. NWF Advisory Services Inc. now owns 48,000 shares of the company’s stock valued at $502,000 after purchasing an additional 3,500 shares in the last quarter. Riverbridge Partners LLC raised its holdings in Principal Real Estate Income Fund by 2.5% in the third quarter. Riverbridge Partners LLC now owns 144,972 shares of the company’s stock worth $1,516,000 after purchasing an additional 3,600 shares during the period. Finally, LPL Financial LLC raised its holdings in Principal Real Estate Income Fund by 37.3% in the fourth quarter. LPL Financial LLC now owns 18,883 shares of the company’s stock worth $189,000 after purchasing an additional 5,125 shares during the period.

Principal Real Estate Income Fund Stock Performance

Shares of Principal Real Estate Income Fund stock remained flat at $10.45 on Friday. 48,869 shares of the company’s stock traded hands, compared to its average volume of 28,825. The firm has a 50 day moving average price of $10.19 and a 200-day moving average price of $10.28. Principal Real Estate Income Fund has a 52 week low of $9.24 and a 52 week high of $10.76.

Principal Real Estate Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 16th will be issued a $0.105 dividend. This represents a c) dividend on an annualized basis and a yield of 12.1%. The ex-dividend date is Thursday, April 16th.

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.