Cohen & Steers Total Return Realty Fund (NYSE:RFI) Stock Passes Above 50-Day Moving Average – Should You Sell?

Shares of Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.44 and traded as high as $11.75. Cohen & Steers Total Return Realty Fund shares last traded at $11.61, with a volume of 155,314 shares traded.

Cohen & Steers Total Return Realty Fund Price Performance

The firm’s 50 day moving average price is $11.44 and its two-hundred day moving average price is $11.54.

Cohen & Steers Total Return Realty Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a $0.08 dividend. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date is Tuesday, March 10th.

Hedge Funds Weigh In On Cohen & Steers Total Return Realty Fund

Institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. boosted its position in shares of Cohen & Steers Total Return Realty Fund by 61.8% during the 4th quarter. Osaic Holdings Inc. now owns 742,553 shares of the real estate investment trust’s stock worth $8,205,000 after purchasing an additional 283,695 shares in the last quarter. Royal Bank of Canada increased its position in Cohen & Steers Total Return Realty Fund by 5.8% in the 1st quarter. Royal Bank of Canada now owns 167,148 shares of the real estate investment trust’s stock valued at $2,021,000 after buying an additional 9,093 shares in the last quarter. Readystate Asset Management LP bought a new stake in Cohen & Steers Total Return Realty Fund in the 4th quarter valued at about $1,694,000. Cetera Investment Advisers raised its stake in Cohen & Steers Total Return Realty Fund by 5.2% during the 4th quarter. Cetera Investment Advisers now owns 143,949 shares of the real estate investment trust’s stock worth $1,591,000 after buying an additional 7,062 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Cohen & Steers Total Return Realty Fund by 2.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 108,927 shares of the real estate investment trust’s stock worth $1,320,000 after buying an additional 3,016 shares during the period. Institutional investors and hedge funds own 20.42% of the company’s stock.

About Cohen & Steers Total Return Realty Fund

Cohen & Steers Total Return Realty Fund, Inc (NYSE:RFI) is a closed-end management investment company that seeks to deliver total return through a combination of current income and capital appreciation by investing primarily in real estate securities. Managed by Cohen & Steers Capital Management, Inc, the fund employs a research‐driven, flexible strategy designed to capture income and growth opportunities within the global real estate sector.

The fund’s portfolio typically includes a diversified mix of real estate investment trusts (REITs), real estate operating companies, preferred and convertible securities, and other real estate-related fixed-income instruments.