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

Principal Real Estate Income Fund (NYSE:PGZ) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 13,600 shares, a decline of 37.0% from the February 13th total of 21,600 shares. Based on an average trading volume of 36,100 shares, the days-to-cover ratio is currently 0.4 days.

Hedge Funds Weigh In On Principal Real Estate Income Fund

A number of large investors have recently bought and sold shares of the business. Cetera Investment Advisers boosted its position in Principal Real Estate Income Fund by 89.4% during the 4th quarter. Cetera Investment Advisers now owns 19,849 shares of the company’s stock valued at $196,000 after acquiring an additional 9,370 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Principal Real Estate Income Fund during the 4th quarter worth $336,000. First Trust Advisors LP boosted its position in Principal Real Estate Income Fund by 4.6% during the fourth quarter. First Trust Advisors LP now owns 38,321 shares of the company’s stock valued at $379,000 after purchasing an additional 1,688 shares in the last quarter. Robinson Capital Management LLC grew its stake in Principal Real Estate Income Fund by 5.7% in the fourth quarter. Robinson Capital Management LLC now owns 46,008 shares of the company’s stock valued at $455,000 after purchasing an additional 2,470 shares during the last quarter. Finally, Shaker Financial Services LLC raised its holdings in Principal Real Estate Income Fund by 78.4% in the fourth quarter. Shaker Financial Services LLC now owns 52,041 shares of the company’s stock worth $514,000 after purchasing an additional 22,868 shares in the last quarter.

Principal Real Estate Income Fund Stock Up 0.2 %

NYSE:PGZ traded up $0.02 during mid-day trading on Friday, reaching $10.45. The company’s stock had a trading volume of 14,731 shares, compared to its average volume of 27,492. The stock has a fifty day moving average of $10.31 and a 200-day moving average of $10.58. Principal Real Estate Income Fund has a 1 year low of $9.46 and a 1 year high of $11.31.

Principal Real Estate Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.105 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 12.06%.

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.