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

Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.44 and traded as low as $11.38. Cohen & Steers Total Return Realty Fund shares last traded at $11.4110, with a volume of 55,027 shares changing hands.

Cohen & Steers Total Return Realty Fund Stock Performance

The firm has a 50-day simple moving average of $11.43 and a two-hundred day simple moving average of $11.45.

Cohen & Steers Total Return Realty Fund Announces Dividend

The business 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 $0.08 dividend. The ex-dividend date is Tuesday, September 8th. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Readystate Asset Management LP boosted its position in Cohen & Steers Total Return Realty Fund by 86.6% in the 2nd quarter. Readystate Asset Management LP now owns 43,625 shares of the real estate investment trust’s stock worth $494,000 after purchasing an additional 20,241 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Cohen & Steers Total Return Realty Fund by 101.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,806 shares of the real estate investment trust’s stock valued at $236,000 after purchasing an additional 10,466 shares in the last quarter. Beacon Pointe Advisors LLC purchased a new position in shares of Cohen & Steers Total Return Realty Fund during the 2nd quarter valued at approximately $1,182,000. RB Capital Management LLC acquired a new position in shares of Cohen & Steers Total Return Realty Fund in the 2nd quarter valued at $205,000. Finally, Corient Private Wealth LP acquired a new position in shares of Cohen & Steers Total Return Realty Fund in the 2nd quarter valued at $772,000. 20.42% of the stock is currently owned by hedge funds and other institutional investors.

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.