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)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.67 and traded as low as $11.04. Cohen & Steers Total Return Realty Fund shares last traded at $11.0750, with a volume of 90,138 shares.

Cohen & Steers Total Return Realty Fund Trading Up 0.4%

The stock has a fifty day simple moving average of $11.17 and a 200 day simple moving average of $11.67.

Cohen & Steers Total Return Realty Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 8.7%. The ex-dividend date of this dividend is Tuesday, March 10th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. raised its position in shares of Cohen & Steers Total Return Realty Fund by 6.8% during the second quarter. Osaic Holdings Inc. now owns 457,715 shares of the real estate investment trust’s stock valued at $5,520,000 after buying an additional 28,999 shares during the last quarter. Royal Bank of Canada grew its stake in Cohen & Steers Total Return Realty Fund by 5.8% during the first quarter. Royal Bank of Canada now owns 167,148 shares of the real estate investment trust’s stock valued at $2,021,000 after acquiring an additional 9,093 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Cohen & Steers Total Return Realty Fund by 5.9% in the second quarter. Cetera Investment Advisers now owns 130,224 shares of the real estate investment trust’s stock worth $1,571,000 after purchasing an additional 7,274 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Cohen & Steers Total Return Realty Fund by 2.8% in the 3rd quarter. Ameriprise Financial Inc. now owns 108,927 shares of the real estate investment trust’s stock worth $1,320,000 after acquiring an additional 3,016 shares during the last quarter. Finally, Raymond James Financial Inc. increased its position in Cohen & Steers Total Return Realty Fund by 7.3% in the third quarter. Raymond James Financial Inc. now owns 82,713 shares of the real estate investment trust’s stock worth $1,001,000 after purchasing an additional 5,656 shares during the last quarter. 20.42% of the stock is currently owned by 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.