Principal Real Estate Income Fund (NYSE:PGZ) Shares Cross Below 50-Day Moving Average – Should You Sell?

Principal Real Estate Income Fund (NYSE:PGZ)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.18 and traded as low as $10.17. Principal Real Estate Income Fund shares last traded at $10.2050, with a volume of 18,764 shares traded.

Principal Real Estate Income Fund Stock Performance

The company’s 50 day moving average price is $10.18 and its two-hundred day moving average price is $10.11.

Principal Real Estate Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 16th will be paid a dividend of $0.105 per share. This represents a c) annualized dividend and a yield of 12.3%. The ex-dividend date of this dividend is Friday, October 16th.

Institutional Trading of Principal Real Estate Income Fund

Several hedge funds have recently bought and sold shares of the stock. Riverbridge Partners LLC boosted its stake in Principal Real Estate Income Fund by 0.9% during the second quarter. Riverbridge Partners LLC now owns 204,139 shares of the company’s stock valued at $2,101,000 after buying an additional 1,871 shares during the last quarter. Lido Advisors LLC purchased a new stake in shares of Principal Real Estate Income Fund in the first quarter valued at $119,000. First Trust Advisors LP raised its position in Principal Real Estate Income Fund by 7.5% in the 1st quarter. First Trust Advisors LP now owns 36,243 shares of the company’s stock worth $348,000 after purchasing an additional 2,522 shares during the period. NWF Advisory Services Inc. lifted its position in shares of Principal Real Estate Income Fund by 5.5% during the first quarter. NWF Advisory Services Inc. now owns 48,200 shares of the company’s stock worth $463,000 after purchasing an additional 2,500 shares during the last quarter. Finally, Evolve Private Wealth LLC bought a new position in Principal Real Estate Income Fund in the 4th quarter worth about $710,000.

Principal Real Estate Income Fund Company Profile

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.