Cohen & Steers Real Estate Opportunities & Income Fund (NYSE:RLTY) Trading 0.5% Higher – Should You Buy?

Cohen & Steers Real Estate Opportunities & Income Fund (NYSE:RLTY)’s stock price was up 0.5% during trading on Friday . The stock traded as high as $16.06 and last traded at $15.88. Approximately 153,051 shares changed hands during mid-day trading, an increase of 69% from the average daily volume of 90,814 shares. The stock had previously closed at $15.80.

Cohen & Steers Real Estate Opportunities & Income Fund Stock Performance

The stock has a 50-day moving average of $15.29 and a 200 day moving average of $15.96.

Cohen & Steers Real Estate Opportunities & Income Fund Announces Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a dividend yield of 9.08%.

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

A number of institutional investors have recently bought and sold shares of RLTY. Moloney Securities Asset Management LLC grew its stake in shares of Cohen & Steers Real Estate Opportunities & Income Fund by 66.0% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 76,373 shares of the company’s stock valued at $1,305,000 after buying an additional 30,364 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Cohen & Steers Real Estate Opportunities & Income Fund by 22.1% in the third quarter. Oppenheimer & Co. Inc. now owns 27,055 shares of the company’s stock valued at $462,000 after acquiring an additional 4,900 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in Cohen & Steers Real Estate Opportunities & Income Fund in the third quarter worth approximately $1,205,000. Concorde Asset Management LLC increased its stake in Cohen & Steers Real Estate Opportunities & Income Fund by 25.6% during the third quarter. Concorde Asset Management LLC now owns 21,600 shares of the company’s stock worth $369,000 after acquiring an additional 4,400 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in Cohen & Steers Real Estate Opportunities & Income Fund by 19.1% during the third quarter. Stifel Financial Corp now owns 18,342 shares of the company’s stock worth $313,000 after acquiring an additional 2,942 shares during the last quarter.

Cohen & Steers Real Estate Opportunities & Income Fund Company Profile

Cohen & Steers Real Estate Opportunities & Income Fund is an open end balanced mutual fund launched and managed by Cohen & Steers Capital Management, Inc It invests in the public equity and fixed income markets of global region. For its equity portion, the fund invests directly and through derivatives in stocks of companies operating across financials, diversified financials, mortgage real estate investment trusts (reits) and real estate sectors.