Principal Real Estate Income Fund Plans Monthly Dividend of $0.11 (NYSE:PGZ)

Principal Real Estate Income Fund (NYSE:PGZ) declared a monthly dividend on Tuesday, March 31st. Investors of record on Thursday, May 14th will be paid a dividend of 0.105 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date of this dividend is Thursday, May 14th.

Principal Real Estate Income Fund Price Performance

Shares of PGZ opened at $10.09 on Tuesday. The business’s 50-day moving average price is $10.06 and its 200 day moving average price is $10.14. Principal Real Estate Income Fund has a 1-year low of $9.32 and a 1-year high of $10.64.

Institutional Trading of Principal Real Estate Income Fund

Hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. lifted its holdings in shares of Principal Real Estate Income Fund by 77.3% in the second quarter. Raymond James Financial Inc. now owns 43,797 shares of the company’s stock valued at $461,000 after purchasing an additional 19,095 shares in the last quarter. Evolve Private Wealth LLC purchased a new stake in shares of Principal Real Estate Income Fund in the fourth quarter valued at $710,000. Advisors Asset Management Inc. lifted its holdings in shares of Principal Real Estate Income Fund by 15.6% in the fourth quarter. Advisors Asset Management Inc. now owns 175,038 shares of the company’s stock valued at $1,752,000 after purchasing an additional 23,664 shares in the last quarter. Guggenheim Capital LLC purchased a new stake in shares of Principal Real Estate Income Fund in the fourth quarter valued at $422,000. Finally, First Trust Advisors LP lifted its holdings in shares of Principal Real Estate Income Fund by 3.2% in the third 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 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.