Short Interest in Principal Real Estate Income Fund (NYSE:PGZ) Expands By 93.5%

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

Principal Real Estate Income Fund Stock Performance

Principal Real Estate Income Fund stock traded down $0.05 during midday trading on Friday, reaching $9.91. The stock had a trading volume of 39,652 shares, compared to its average volume of 28,582. The company has a fifty 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 12 month low of $9.24 and a 12 month high of $10.76.

Principal Real Estate Income Fund Announces Dividend

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

Insider Buying and Selling at Principal Real Estate Income Fund

In related news, insider Laton Spahr acquired 10,000 shares of the business’s stock in a transaction dated Monday, November 10th. The shares were bought at an average price of $10.35 per share, with a total value of $103,500.00. Following the transaction, the insider directly owned 35,627 shares of the company’s stock, valued at $368,739.45. This trade represents a 39.02% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Hedge Funds Weigh In On Principal Real Estate Income Fund

A number of large investors have recently modified their holdings of PGZ. First Trust Advisors LP grew its position in Principal Real Estate Income Fund by 3.2% in the 3rd quarter. First Trust Advisors LP now owns 35,828 shares of the company’s stock valued at $375,000 after purchasing an additional 1,118 shares during the period. RFG Advisory LLC lifted its stake in shares of Principal Real Estate Income Fund by 16.8% in 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 in the last quarter. J.W. Cole Advisors Inc. lifted its stake 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 valued at $1,036,000 after buying an additional 3,161 shares in the last quarter. NWF Advisory Services Inc. grew its holdings 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 valued at $502,000 after buying an additional 3,500 shares during the last quarter. Finally, Riverbridge Partners LLC increased its position in shares of Principal Real Estate Income Fund by 2.5% during the third quarter. Riverbridge Partners LLC now owns 144,972 shares of the company’s stock worth $1,516,000 after acquiring an additional 3,600 shares in 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.