November 18, 2016 - By Clifton Ray · 0 Comments
Principal Real Estate Income Fund (NYSE:PGZ) institutional sentiment increased to 1.22 in Q2 2016. Its up 0.32, from 0.9 in 2016Q1. The ratio is better, as 9 hedge funds increased and opened new positions, while 10 trimmed and sold equity positions in Principal Real Estate Income Fund. The hedge funds in our partner’s database now possess: 411,166 shares, down from 418,247 shares in 2016Q1. Also, the number of hedge funds holding Principal Real Estate Income Fund in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 6 Reduced: 4 Increased: 6 New Position: 3.
Principal Real Estate Income Fund is a non-diversified closed-end management investment company. The company has a market cap of $107.71 million. The Fund’s investment objective is to seek to provide high current income, with capital appreciation as a secondary objective, by investing in commercial real estate related securities. It currently has negative earnings. The Fund will invest in both equity and debt securities in the commercial real estate sector.
The stock increased 0.51% or $0.08 on November 18, hitting $15.69. About 40,045 shares traded hands or 49.04% up from the average. Principal Real Estate Income Fund (NYSE:PGZ) has declined 6.81% since April 18, 2016 and is downtrending. It has underperformed by 11.24% the S&P500.
Clough Capital Partners L P holds 0.02% of its portfolio in Principal Real Estate Income Fund for 16,352 shares. Bb&T Securities Llc owns 27,683 shares or 0.01% of their US portfolio. Moreover, First Trust Advisors Lp has 0.01% invested in the company for 92,796 shares. The Minnesota-based Ameriprise Financial Inc has invested 0% in the stock. Bank Of America Corp De, a North Carolina-based fund reported 7,715 shares.#img1#
More notable recent Principal Real Estate Income Fund (NYSE:PGZ) news were published by: Nasdaq.com which released: “Principal Real Estate Income Fund (PGZ) Ex-Dividend Date Scheduled for October …” on October 12, 2016, also Businesswire.com with their article: “Principal Real Estate Income Fund Declares Monthly Distributions of $0.145 Per …” published on October 28, 2016, Seekingalpha.com published: “Principal Real Estate Income CEF Is Flying Under The Radar” on May 12, 2015. More interesting news about Principal Real Estate Income Fund (NYSE:PGZ) were released by: Nasdaq.com and their article: “Principal Real Estate Income Fund (PGZ) Ex-Dividend Date Scheduled for April …” published on April 13, 2016 as well as Prnewswire.com‘s news article titled: “Realty Capital Income Funds Trust Engages RFS Partners as Principal …” with publication date: April 04, 2016.
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By Clifton Ray