Cohen & Steers Total Return Realty Fund (NYSE:RFI) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.67 and traded as low as $11.04. Cohen & Steers Total Return Realty Fund shares last traded at $11.0750, with a volume of 90,138 shares.

Cohen & Steers Total Return Realty Fund Stock Up 0.4%

The company has a 50 day simple moving average of $11.17 and a two-hundred day simple moving average of $11.67.

Cohen & Steers Total Return Realty Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Tuesday, March 10th.

Institutional Trading of Cohen & Steers Total Return Realty Fund

Several hedge funds have recently bought and sold shares of the stock. Allworth Financial LP purchased a new position in shares of Cohen & Steers Total Return Realty Fund during the second quarter valued at about $25,000. AdvisorNet Financial Inc boosted its stake in Cohen & Steers Total Return Realty Fund by 65.2% during the second quarter. AdvisorNet Financial Inc now owns 2,610 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 1,030 shares during the last quarter. Eastern Bank purchased a new position in Cohen & Steers Total Return Realty Fund during the 3rd quarter valued at approximately $46,000. Newbridge Financial Services Group Inc. purchased a new position in Cohen & Steers Total Return Realty Fund during the 2nd quarter valued at approximately $108,000. Finally, Cresset Asset Management LLC increased its stake in Cohen & Steers Total Return Realty Fund by 7.4% in the 3rd quarter. Cresset Asset Management LLC now owns 13,209 shares of the real estate investment trust’s stock worth $160,000 after acquiring an additional 905 shares during the last quarter. Hedge funds and other institutional investors 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.