Principal Real Estate Income Fund (NYSE:PGZ – Get Free Report) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 7,800 shares, an increase of 116.7% from the November 15th total of 3,600 shares. Based on an average trading volume of 26,500 shares, the days-to-cover ratio is presently 0.3 days.
Principal Real Estate Income Fund Stock Down 0.8 %
PGZ stock traded down $0.08 during midday trading on Thursday, hitting $10.56. The stock had a trading volume of 33,222 shares, compared to its average volume of 24,009. Principal Real Estate Income Fund has a 12-month low of $9.03 and a 12-month high of $11.31. The company’s 50-day moving average price is $10.73 and its 200 day moving average price is $10.62.
Principal Real Estate Income Fund Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a dividend of $0.105 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 11.93%. The ex-dividend date is Monday, December 16th.
Institutional Inflows and Outflows
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.
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