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

Principal Real Estate Income Fund (NYSE:PGZ) was the target of a large decline in short interest during the month of 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 daily volume of 36,100 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On Principal Real Estate Income Fund

Large investors have recently bought and sold shares of the stock. Cetera Investment Advisers increased its stake in Principal Real Estate Income Fund by 89.4% in the 4th quarter. Cetera Investment Advisers now owns 19,849 shares of the company’s stock valued at $196,000 after buying an additional 9,370 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Principal Real Estate Income Fund during the fourth quarter valued at approximately $336,000. First Trust Advisors LP lifted its holdings 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 worth $379,000 after acquiring an additional 1,688 shares during the period. Robinson Capital Management LLC boosted its position 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 worth $455,000 after purchasing an additional 2,470 shares during the last quarter. Finally, Shaker Financial Services LLC boosted its position 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 during the last quarter.

Principal Real Estate Income Fund Stock Performance

Shares of Principal Real Estate Income Fund stock traded down $0.06 on Monday, hitting $10.39. The company had a trading volume of 18,300 shares, compared to its average volume of 27,529. Principal Real Estate Income Fund has a 1 year low of $9.46 and a 1 year high of $11.31. The stock has a 50 day moving average of $10.32 and a 200-day moving average of $10.57.

Principal Real Estate Income Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 18th will be issued a dividend of $0.105 per share. The ex-dividend date is Monday, March 17th. This represents a 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.