Cohen & Steers Total Return Realty Fund (NYSE:RFI) Shares Cross Above 50 Day Moving Average – Here’s Why

Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.34 and traded as high as $11.47. Cohen & Steers Total Return Realty Fund shares last traded at $11.33, with a volume of 149,221 shares changing hands.

Cohen & Steers Total Return Realty Fund Trading Down 0.6%

The business has a 50-day simple moving average of $11.34 and a two-hundred day simple moving average of $11.32.

Cohen & Steers Total Return Realty Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be paid a dividend of $0.08 per share. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date is Tuesday, September 8th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bank of America Corp DE lifted its holdings in Cohen & Steers Total Return Realty Fund by 8.9% during the 1st quarter. Bank of America Corp DE now owns 60,733 shares of the real estate investment trust’s stock valued at $677,000 after purchasing an additional 4,972 shares during the last quarter. Independent Financial Group LLC acquired a new position in shares of Cohen & Steers Total Return Realty Fund in the first quarter valued at $2,779,000. NWF Advisory Services Inc. increased its holdings in shares of Cohen & Steers Total Return Realty Fund by 2.8% in the first quarter. NWF Advisory Services Inc. now owns 33,425 shares of the real estate investment trust’s stock valued at $372,000 after purchasing an additional 900 shares during the last quarter. Fifth Third Bancorp bought a new position in shares of Cohen & Steers Total Return Realty Fund in the first quarter valued at about $310,000. Finally, Westbourne Investment Advisors Inc. raised its position in shares of Cohen & Steers Total Return Realty Fund by 5.7% in the first quarter. Westbourne Investment Advisors Inc. now owns 27,700 shares of the real estate investment trust’s stock valued at $309,000 after purchasing an additional 1,500 shares during the period. 20.42% of the stock is owned by institutional investors and hedge funds.

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.