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

Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.33 and traded as low as $11.07. Cohen & Steers Total Return Realty Fund shares last traded at $11.1550, with a volume of 112,417 shares changing hands.

Cohen & Steers Total Return Realty Fund Trading Up 0.1%

The firm’s fifty day moving average price is $11.35 and its two-hundred day moving average price is $11.32.

Cohen & Steers Total Return Realty Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $0.08 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date is Tuesday, June 9th.

Institutional Trading of Cohen & Steers Total Return Realty Fund

Several institutional investors and hedge funds 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% during the 4th 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 purchased a new stake in shares of Cohen & Steers Total Return Realty Fund during the 1st quarter valued at $2,779,000. Readystate Asset Management LP purchased a new stake in shares of Cohen & Steers Total Return Realty Fund during the 4th quarter valued at $1,694,000. Wolverine Asset Management LLC purchased a new stake in shares of Cohen & Steers Total Return Realty Fund during the 4th quarter valued at $1,001,000. Finally, Patten & Patten Inc. TN purchased a new stake in shares of Cohen & Steers Total Return Realty Fund during the 4th quarter valued at $490,000. Hedge funds and other institutional investors own 20.42% of the company’s stock.

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.