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

Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 Trading Down 0.5%

The business has a fifty day moving average price of $11.39 and a 200-day moving average price of $11.33.

Cohen & Steers Total Return Realty Fund Dividend Announcement

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

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

A number of hedge funds and other institutional investors have recently made changes to their positions in RFI. Osaic Holdings Inc. raised its position in shares of Cohen & Steers Total Return Realty Fund by 61.8% in the fourth 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 acquired a new position in Cohen & Steers Total Return Realty Fund during the first quarter valued at approximately $2,779,000. Readystate Asset Management LP acquired a new position in Cohen & Steers Total Return Realty Fund during the fourth quarter valued at approximately $1,694,000. Wolverine Asset Management LLC acquired a new position in Cohen & Steers Total Return Realty Fund during the fourth quarter valued at approximately $1,001,000. Finally, Patten & Patten Inc. TN acquired a new position in Cohen & Steers Total Return Realty Fund during the fourth quarter valued at approximately $490,000. 20.42% of the stock is currently owned by institutional investors and hedge funds.

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.