Cohen & Steers Real Estate Opportunities & Income Fund (NYSE:RLTY) Shares Down 0.3% – Time to Sell?

Cohen & Steers Real Estate Opportunities & Income Fund (NYSE:RLTY)’s stock price dropped 0.3% during mid-day trading on Tuesday . The company traded as low as $15.66 and last traded at $15.8450. 62,695 shares traded hands during mid-day trading, an increase of 0% from the average session volume of 62,673 shares. The stock had previously closed at $15.89.

Cohen & Steers Real Estate Opportunities & Income Fund Price Performance

The company has a 50-day moving average price of $15.82 and a two-hundred day moving average price of $15.48.

Cohen & Steers Real Estate Opportunities & Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be given a $0.11 dividend. The ex-dividend date is Tuesday, September 8th. This represents a c) annualized dividend and a yield of 8.4%.

Hedge Funds Weigh In On Cohen & Steers Real Estate Opportunities & Income Fund

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada lifted its position in Cohen & Steers Real Estate Opportunities & Income Fund by 13.7% in the 1st quarter. Royal Bank of Canada now owns 170,368 shares of the company’s stock worth $2,477,000 after buying an additional 20,480 shares during the last quarter. Independent Financial Group LLC bought a new position in Cohen & Steers Real Estate Opportunities & Income Fund during the first quarter valued at approximately $526,000. Fifth Third Bancorp bought a new position in Cohen & Steers Real Estate Opportunities & Income Fund during the first quarter valued at approximately $152,000. World Investment Advisors raised its stake in shares of Cohen & Steers Real Estate Opportunities & Income Fund by 107.1% during the first quarter. World Investment Advisors now owns 65,550 shares of the company’s stock worth $953,000 after acquiring an additional 33,900 shares in the last quarter. Finally, Invesco Ltd. purchased a new position in shares of Cohen & Steers Real Estate Opportunities & Income Fund during the fourth quarter worth approximately $475,000.

About Cohen & Steers Real Estate Opportunities & Income Fund

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.