Principal Real Estate Income Fund (NYSE:PGZ) Stock Price Down 0.5% – What’s Next?

Principal Real Estate Income Fund (NYSE:PGZ) shares traded down 0.5% on Wednesday . The stock traded as low as $10.04 and last traded at $10.0750. 19,503 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 28,727 shares. The stock had previously closed at $10.13.

Principal Real Estate Income Fund Stock Down 0.5%

The company’s fifty day simple moving average is $10.39 and its 200-day simple moving average is $10.42.

Principal Real Estate Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Thursday, January 15th will be paid a dividend of $0.105 per share. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%.

Insider Activity

In related news, insider Laton Spahr acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was purchased at an average cost of $10.35 per share, with a total value of $103,500.00. Following the transaction, the insider directly owned 35,627 shares of the company’s stock, valued at $368,739.45. This trade represents a 39.02% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Advisors Asset Management Inc. acquired a new stake in shares of Principal Real Estate Income Fund during the third quarter worth $1,583,000. Riverbridge Partners LLC lifted its position in Principal Real Estate Income Fund by 2.5% during the 3rd quarter. Riverbridge Partners LLC now owns 144,972 shares of the company’s stock worth $1,516,000 after acquiring an additional 3,600 shares during the period. J.W. Cole Advisors Inc. grew its stake in Principal Real Estate Income Fund by 13.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 112,130 shares of the company’s stock valued at $1,173,000 after purchasing an additional 13,677 shares during the last quarter. Raymond James Financial Inc. grew its stake 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 valued at $513,000 after purchasing an additional 5,265 shares during the last quarter. Finally, NWF Advisory Services Inc. increased its holdings in shares of 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 during the period.

Principal Real Estate Income Fund Company Profile

Principal Real Estate Income Fund is a closed ended balanced mutual fund launched and managed by ALPS Advisers, Inc It is co-managed by Principal Real Estate Investors, LLC. The fund invests in public equity and fixed income markets of the United States. It seeks to invest in commercial mortgage backed securities, real estate investment trusts and REIT-like entities.