Principal Real Estate Income Fund (NYSE:PGZ) Short Interest Down 77.7% in December

Principal Real Estate Income Fund (NYSE:PGZ) was the target of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 5,043 shares, a decrease of 77.7% from the December 15th total of 22,628 shares. Based on an average trading volume of 29,302 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 29,302 shares, the days-to-cover ratio is presently 0.2 days.

Principal Real Estate Income Fund Stock Down 0.6%

Shares of PGZ traded down $0.07 during trading hours on Thursday, reaching $10.19. 19,629 shares of the stock traded hands, compared to its average volume of 24,543. Principal Real Estate Income Fund has a 52 week low of $9.24 and a 52 week high of $10.76. The stock has a fifty day simple moving average of $10.10 and a 200 day simple moving average of $10.32.

Principal Real Estate Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 16th will be paid a $0.105 dividend. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date is Thursday, April 16th.

Insider Activity

In other Principal Real Estate Income Fund news, insider Laton Spahr bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average price of $10.35 per share, for a total transaction of $103,500.00. Following the transaction, the insider directly owned 35,627 shares in the company, valued at approximately $368,739.45. This trade represents a 39.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PGZ. Riverbridge Partners LLC raised its position in shares of Principal Real Estate Income Fund by 3.9% in the second quarter. Riverbridge Partners LLC now owns 141,372 shares of the company’s stock valued at $1,487,000 after purchasing an additional 5,314 shares during the period. RFG Advisory LLC increased its position in shares of Principal Real Estate Income Fund by 16.8% during the second quarter. RFG Advisory LLC now owns 18,074 shares of the company’s stock valued at $190,000 after buying an additional 2,600 shares during the period. J.W. Cole Advisors Inc. lifted its holdings in shares of Principal Real Estate Income Fund by 3.3% in the second quarter. J.W. Cole Advisors Inc. now owns 98,453 shares of the company’s stock worth $1,036,000 after buying an additional 3,161 shares in the last quarter. Baird Financial Group Inc. bought a new position in shares of Principal Real Estate Income Fund in the second quarter valued at approximately $123,000. Finally, Raymond James Financial Inc. increased its holdings in Principal Real Estate Income Fund by 77.3% during the 2nd quarter. Raymond James Financial Inc. now owns 43,797 shares of the company’s stock worth $461,000 after acquiring an additional 19,095 shares during the period.

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.