Cohen & Steers Total Return Realty Fund (NYSE:RFI) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.33 and traded as low as $11.27. Cohen & Steers Total Return Realty Fund shares last traded at $11.28, with a volume of 134,791 shares traded.

Cohen & Steers Total Return Realty Fund Stock Performance

The company has a 50 day moving average price of $11.40 and a 200 day moving average price of $11.33.

Cohen & Steers Total Return Realty Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a c) annualized dividend and a dividend yield of 8.5%.

Institutional Investors Weigh In On Cohen & Steers Total Return Realty Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted its stake in Cohen & Steers Total Return Realty Fund by 61.8% in the 4th quarter. Osaic Holdings Inc. now owns 742,553 shares of the real estate investment trust’s stock valued at $8,205,000 after buying an additional 283,695 shares in the last quarter. Independent Financial Group LLC purchased a new stake in Cohen & Steers Total Return Realty Fund in the 1st quarter valued at approximately $2,779,000. Royal Bank of Canada lifted its stake 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 purchased a new stake in Cohen & Steers Total Return Realty Fund in the 4th quarter valued at approximately $1,694,000. Finally, Cetera Investment Advisers lifted its stake in Cohen & Steers Total Return Realty Fund by 5.2% in the 4th quarter. Cetera Investment Advisers now owns 143,949 shares of the real estate investment trust’s stock valued at $1,591,000 after buying an additional 7,062 shares in the last quarter. Hedge funds and other institutional investors own 20.42% of the company’s stock.

Cohen & Steers Total Return Realty Fund Company Profile

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.