Cohen & Steers Total Return Realty Fund (NYSE:RFI) Shares Cross Below 200 Day Moving Average – Time to Sell?

Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.42 and traded as low as $11.17. Cohen & Steers Total Return Realty Fund shares last traded at $11.21, with a volume of 69,831 shares trading hands.

Cohen & Steers Total Return Realty Fund Trading Down 0.9%

The company has a 50 day simple moving average of $11.45 and a 200-day simple moving average of $11.41.

Cohen & Steers Total Return Realty Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be given a dividend of $0.08 per share. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend is Tuesday, September 8th.

Hedge Funds Weigh In On Cohen & Steers Total Return Realty Fund

A number of hedge funds have recently added to or reduced their stakes in RFI. Heritage Wealth Advisors acquired a new stake in shares of Cohen & Steers Total Return Realty Fund during the fourth quarter worth $29,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Cohen & Steers Total Return Realty Fund by 36.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,675 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 979 shares during the period. Virtu Financial LLC acquired a new position in shares of Cohen & Steers Total Return Realty Fund in the 4th quarter valued at about $128,000. PNC Financial Services Group Inc. grew its position in shares of Cohen & Steers Total Return Realty Fund by 11.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,838 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 1,412 shares during the last quarter. Finally, Cresset Asset Management LLC grew its position in shares of Cohen & Steers Total Return Realty Fund by 7.4% during the 3rd quarter. Cresset Asset Management LLC now owns 13,209 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 905 shares during the last quarter. Institutional investors and hedge funds own 20.42% of the company’s stock.

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.