Positive Press Coverage Somewhat Unlikely to Impact Principal Real Estate Income Fund (PGZ) Stock Price
Headlines about Principal Real Estate Income Fund (NYSE:PGZ) have been trending positive recently, Accern reports. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Principal Real Estate Income Fund earned a news impact score of 0.34 on Accern’s scale. Accern also assigned news articles about the company an impact score of 48.5554072096128 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
PGZ traded down $0.02 during trading on Friday, reaching $18.08. The stock had a trading volume of 15,940 shares, compared to its average volume of 23,329. Principal Real Estate Income Fund has a 1-year low of $16.21 and a 1-year high of $19.52.
The company also recently announced a monthly dividend, which will be paid on Friday, August 31st. Shareholders of record on Friday, August 17th will be given a $0.11 dividend. The ex-dividend date of this dividend is Thursday, August 16th. This represents a $1.32 dividend on an annualized basis and a yield of 7.30%.
Principal Real Estate Income Fund is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek to provide high current income, with capital appreciation as a secondary investment objective, by investing in commercial real estate related securities. It will invest approximately 80% of its total assets in commercial real estate-related securities, primarily consisting of commercial mortgage backed securities (CMBS) and other United States and non-United States real estate-related securities (primarily real estate investment trusts (REITs) or REIT-like entities).
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