Principal Real Estate Income Fund (NYSE:PGZ) Trading Up 0.7% – What’s Next?

Principal Real Estate Income Fund (NYSE:PGZ) shares shot up 0.7% on Wednesday . The stock traded as high as $10.74 and last traded at $10.71. 8,730 shares traded hands during trading, a decline of 64% from the average session volume of 24,042 shares. The stock had previously closed at $10.64.

Principal Real Estate Income Fund Stock Performance

The company’s 50-day moving average is $10.83 and its two-hundred day moving average is $10.58.

Principal Real Estate Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.105 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 11.76%. The ex-dividend date is Monday, December 16th.

Institutional Investors Weigh In On Principal Real Estate Income Fund

A number of large investors have recently modified their holdings of PGZ. EverSource Wealth Advisors LLC acquired a new position in Principal Real Estate Income Fund during the 2nd quarter worth approximately $43,000. Wolverine Asset Management LLC acquired a new position in shares of Principal Real Estate Income Fund during the second quarter worth $44,000. Shaker Financial Services LLC acquired a new position in shares of Principal Real Estate Income Fund during the second quarter worth $132,000. SeaCrest Wealth Management LLC lifted its stake in shares of Principal Real Estate Income Fund by 8.4% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 23,251 shares of the company’s stock valued at $260,000 after acquiring an additional 1,794 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Principal Real Estate Income Fund during the 2nd quarter valued at $411,000.

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.