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

Principal Real Estate Income Fund (NYSE:PGZ) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 22,628 shares, an increase of 93.5% from the November 30th total of 11,696 shares. Based on an average daily trading volume, of 22,541 shares, the short-interest ratio is presently 1.0 days. Based on an average daily trading volume, of 22,541 shares, the short-interest ratio is presently 1.0 days.

Principal Real Estate Income Fund Stock Performance

Shares of Principal Real Estate Income Fund stock traded down $0.05 during trading on Friday, reaching $9.91. The company’s stock had a trading volume of 39,652 shares, compared to its average volume of 28,582. The company has a 50-day moving average price of $10.18 and a two-hundred day moving average price of $10.36. Principal Real Estate Income Fund has a fifty-two week low of $9.24 and a fifty-two week high of $10.76.

Principal Real Estate Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Thursday, January 15th will be paid a $0.105 dividend. The ex-dividend date is Thursday, January 15th. This represents a c) dividend on an annualized basis and a yield of 12.7%.

Insiders Place Their Bets

In other news, insider Laton Spahr acquired 10,000 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was acquired at an average cost of $10.35 per share, with a total value of $103,500.00. Following the completion of the acquisition, the insider owned 35,627 shares of the company’s stock, valued at $368,739.45. The trade was a 39.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On Principal Real Estate Income Fund

Hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. grew its holdings in shares of Principal Real Estate Income Fund by 12.0% during the third quarter. Raymond James Financial Inc. now owns 49,062 shares of the company’s stock worth $513,000 after buying an additional 5,265 shares during the last quarter. First Trust Advisors LP lifted its position in Principal Real Estate Income Fund by 3.2% during the 3rd quarter. First Trust Advisors LP now owns 35,828 shares of the company’s stock worth $375,000 after acquiring an additional 1,118 shares during the period. Advisors Asset Management Inc. purchased a new position in shares of Principal Real Estate Income Fund in the 3rd quarter valued at approximately $1,583,000. J.W. Cole Advisors Inc. increased its holdings in shares of Principal Real Estate Income Fund by 13.9% in the third 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 period. Finally, NWF Advisory Services Inc. raised its stake in shares of Principal Real Estate Income Fund by 7.9% during the third quarter. NWF Advisory Services Inc. now owns 48,000 shares of the company’s stock worth $502,000 after purchasing an additional 3,500 shares during the last quarter.

About Principal Real Estate Income Fund

Principal Real Estate Income Fund Inc (NYSE: PGZ) is a diversified, closed-end management investment company that seeks a high level of current income and capital appreciation through investments in real estate securities. Launched in 2015 and managed by Principal Real Estate Investors, LLC, the fund primarily targets publicly traded equity and mortgage real estate investment trusts (REITs), as well as real estate operating companies. It offers investors access to a broad real estate portfolio that may include residential, office, industrial, retail and specialty property sectors.

The fund’s investment approach emphasizes a balance between income generation and total return potential.