Cohen & Steers Quality Income Realty Fund (NYSE:RQI) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Cohen & Steers Quality Income Realty Fund, Inc. (NYSE:RQI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.53 and traded as high as $12.59. Cohen & Steers Quality Income Realty Fund shares last traded at $12.4960, with a volume of 913,422 shares changing hands.

Cohen & Steers Quality Income Realty Fund Trading Up 1.2%

The business’s fifty day moving average price is $13.06 and its 200 day moving average price is $12.53.

Cohen & Steers Quality Income Realty Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.09 per share. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date of this dividend is Tuesday, September 8th.

Hedge Funds Weigh In On Cohen & Steers Quality Income Realty Fund

Several hedge funds and other institutional investors have recently modified their holdings of RQI. Matrix Private Capital Group LLC bought a new stake in Cohen & Steers Quality Income Realty Fund in the first quarter valued at $3,708,000. Wolverine Asset Management LLC bought a new position in shares of Cohen & Steers Quality Income Realty Fund during the fourth quarter valued at $3,208,000. Independent Financial Group LLC acquired a new stake in shares of Cohen & Steers Quality Income Realty Fund in the 1st quarter valued at $3,342,000. Bank of America Corp DE grew its holdings in shares of Cohen & Steers Quality Income Realty Fund by 8.6% in the 1st quarter. Bank of America Corp DE now owns 2,780,381 shares of the real estate investment trust’s stock worth $33,504,000 after purchasing an additional 219,521 shares during the last quarter. Finally, Rivernorth Capital Management LLC bought a new stake in shares of Cohen & Steers Quality Income Realty Fund in the 4th quarter worth about $1,886,000.

About Cohen & Steers Quality Income Realty Fund

Cohen & Steers Quality Income Realty Fund (NYSE: RQI) is a closed-end management investment company that seeks to provide attractive levels of income and long-term growth of capital by investing primarily in real estate securities. The fund pursues a diversified portfolio approach, targeting real estate investment trusts (REITs) and real estate operating companies across a range of property sectors, including industrial, office, retail, residential and specialized real estate.

The fund’s investment strategy emphasizes high-quality, income-producing real estate securities.