Principal Real Estate Income Fund (PGZ) To Go Ex-Dividend on November 7th

Principal Real Estate Income Fund (NYSE:PGZ) declared a monthly dividend on Wednesday, October 1st. Shareholders of record on Friday, November 7th will be given a dividend of 0.105 per share on Friday, November 21st. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date of this dividend is Friday, November 7th.

Principal Real Estate Income Fund Trading Down 0.2%

NYSE PGZ opened at $10.36 on Wednesday. The stock has a 50-day simple moving average of $10.44 and a two-hundred day simple moving average of $10.41. Principal Real Estate Income Fund has a fifty-two week low of $9.24 and a fifty-two week high of $10.95.

Hedge Funds Weigh In On Principal Real Estate Income Fund

A number of institutional investors have recently modified their holdings of the stock. J.W. Cole Advisors Inc. raised its stake in shares of 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 buying an additional 13,677 shares during the last quarter. NWF Advisory Services Inc. increased its stake in shares of Principal Real Estate Income Fund by 7.9% in the 3rd 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. Shaker Financial Services LLC purchased a new position in shares of Principal Real Estate Income Fund in the 3rd quarter valued at about $143,000. Riverbridge Partners LLC increased its stake in shares of Principal Real Estate Income Fund by 2.5% in the 3rd quarter. Riverbridge Partners LLC now owns 144,972 shares of the company’s stock valued at $1,516,000 after purchasing an additional 3,600 shares in the last quarter. Finally, Raymond James Financial Inc. increased its stake in shares of Principal Real Estate Income Fund by 77.3% in the 2nd quarter. Raymond James Financial Inc. now owns 43,797 shares of the company’s stock valued at $461,000 after purchasing an additional 19,095 shares in the last quarter.

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.