Principal Real Estate Income Fund (NYSE:PGZ) Sees Large Decrease in Short Interest

Principal Real Estate Income Fund (NYSE:PGZ) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 8,800 shares, a decline of 20.0% from the December 15th total of 11,000 shares. Based on an average daily volume of 33,200 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of Principal Real Estate Income Fund

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC acquired a new position in shares of Principal Real Estate Income Fund in the 2nd quarter valued at $43,000. Sanctuary Advisors LLC bought a new stake in Principal Real Estate Income Fund in the second quarter valued at about $411,000. SeaCrest Wealth Management LLC lifted its stake in Principal Real Estate Income Fund by 8.4% in the third quarter. SeaCrest Wealth Management LLC now owns 23,251 shares of the company’s stock valued at $260,000 after buying an additional 1,794 shares during the period. J.W. Cole Advisors Inc. acquired a new position in Principal Real Estate Income Fund in the third quarter valued at about $462,000. Finally, Shaker Financial Services LLC boosted its holdings in Principal Real Estate Income Fund by 126.1% during the third quarter. Shaker Financial Services LLC now owns 29,173 shares of the company’s stock worth $326,000 after buying an additional 16,273 shares during the last quarter.

Principal Real Estate Income Fund Stock Performance

Principal Real Estate Income Fund stock remained flat at $10.29 during trading hours on Friday. 29,313 shares of the company’s stock were exchanged, compared to its average volume of 45,874. Principal Real Estate Income Fund has a 52 week low of $9.46 and a 52 week high of $11.31. The business’s fifty day moving average price is $10.33 and its 200 day moving average price is $10.61.

Principal Real Estate Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be issued a $0.105 dividend. The ex-dividend date is Thursday, February 13th. This represents a $1.26 annualized dividend and a yield of 12.24%.

About Principal Real Estate Income Fund

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.