Principal Real Estate Income Fund (NYSE:PGZ) Stock Price Up 1% – Time to Buy?

Principal Real Estate Income Fund (NYSE:PGZ) shares rose 1% on Wednesday . The stock traded as high as $10.32 and last traded at $10.29. Approximately 28,208 shares changed hands during trading, a decline of 20% from the average daily volume of 35,448 shares. The stock had previously closed at $10.19.

Principal Real Estate Income Fund Trading Down 0.4 %

The business’s fifty day moving average is $10.22 and its 200-day moving average is $10.60.

Principal Real Estate Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be paid a dividend of $0.105 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.26 annualized dividend and a dividend yield of 12.22%.

Hedge Funds Weigh In On Principal Real Estate Income Fund

Several institutional investors have recently bought and sold shares of PGZ. Sanctuary Advisors LLC purchased a new stake in Principal Real Estate Income Fund during the second quarter valued at about $411,000. SeaCrest Wealth Management LLC raised its position in shares of Principal Real Estate Income Fund by 8.4% in the third quarter. SeaCrest Wealth Management LLC now owns 23,251 shares of the company’s stock valued at $260,000 after purchasing an additional 1,794 shares during the period. J.W. Cole Advisors Inc. purchased a new stake in shares of Principal Real Estate Income Fund during the 3rd quarter valued at approximately $462,000. Shaker Financial Services LLC boosted its holdings in Principal Real Estate Income Fund by 126.1% in the 3rd quarter. Shaker Financial Services LLC now owns 29,173 shares of the company’s stock worth $326,000 after buying an additional 16,273 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new position in Principal Real Estate Income Fund in the 3rd quarter worth approximately $1,475,000.

Principal Real Estate Income Fund Company Profile

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.