Cohen & Steers Real Estate Opportunities & Income Fund (NYSE:RLTY) Shares Up 1.8% – Time to Buy?

Shares of Cohen & Steers Real Estate Opportunities & Income Fund (NYSE:RLTY) were up 1.8% on Thursday . The company traded as high as $14.88 and last traded at $14.83. Approximately 117,556 shares traded hands during trading, an increase of 34% from the average daily volume of 87,656 shares. The stock had previously closed at $14.57.

Cohen & Steers Real Estate Opportunities & Income Fund Stock Up 1.8%

The firm’s fifty day moving average is $14.77 and its 200-day moving average is $15.11.

Cohen & Steers Real Estate Opportunities & Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a $0.11 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date is Tuesday, March 10th.

Institutional Trading of Cohen & Steers Real Estate Opportunities & Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of RLTY. Citadel Advisors LLC bought a new position in Cohen & Steers Real Estate Opportunities & Income Fund during the 3rd quarter worth approximately $186,000. Bank of America Corp DE raised its position in shares of Cohen & Steers Real Estate Opportunities & Income Fund by 6.2% during the 3rd quarter. Bank of America Corp DE now owns 224,695 shares of the company’s stock valued at $3,433,000 after acquiring an additional 13,164 shares in the last quarter. Allium Financial Advisors LLC bought a new position in Cohen & Steers Real Estate Opportunities & Income Fund during the third quarter worth $205,000. Consolidated Portfolio Review Corp lifted its stake in Cohen & Steers Real Estate Opportunities & Income Fund by 19.5% during the third quarter. Consolidated Portfolio Review Corp now owns 172,072 shares of the company’s stock worth $2,629,000 after purchasing an additional 28,037 shares during the last quarter. Finally, US Bancorp DE acquired a new position in Cohen & Steers Real Estate Opportunities & Income Fund in the third quarter worth $99,000.

Cohen & Steers Real Estate Opportunities & Income Fund Company Profile

Cohen & Steers Real Estate Opportunities & Income Fund (NYSE: RLTY) is a closed-end management investment company that seeks to provide total return through a combination of current income, capital appreciation and capital gains. The fund pursues its objectives by investing primarily in publicly traded real estate investment trusts (REITs) and other real estate securities. It may also allocate a portion of its assets to preferred equity, real estate operating companies and debt instruments when market opportunities arise.

The fund’s portfolio spans a wide range of property sectors, including office, industrial, retail, residential and specialized real estate such as healthcare and lodging.