Cohen & Steers Total Return Realty Fund (NYSE:RFI) Stock Price Passes Above Fifty Day Moving Average – Time to Sell?

Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $11.34 and traded as high as $11.47. Cohen & Steers Total Return Realty Fund shares last traded at $11.33, with a volume of 149,221 shares.

Cohen & Steers Total Return Realty Fund Trading Up 0.5%

The company has a 50-day moving average price of $11.34 and a two-hundred day moving average price of $11.33.

Cohen & Steers Total Return Realty Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend is Tuesday, September 8th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of Cohen & Steers Total Return Realty Fund by 5.8% in the 1st quarter. Royal Bank of Canada now owns 167,148 shares of the real estate investment trust’s stock worth $2,021,000 after acquiring an additional 9,093 shares during the last quarter. Bank of America Corp DE grew its holdings in Cohen & Steers Total Return Realty Fund by 5.7% during the 2nd quarter. Bank of America Corp DE now owns 54,093 shares of the real estate investment trust’s stock valued at $652,000 after purchasing an additional 2,899 shares during the last quarter. Cresset Asset Management LLC raised its position in Cohen & Steers Total Return Realty Fund by 7.4% in the 3rd quarter. Cresset Asset Management LLC now owns 13,209 shares of the real estate investment trust’s stock worth $160,000 after purchasing an additional 905 shares during the period. Consolidated Portfolio Review Corp raised its position in Cohen & Steers Total Return Realty Fund by 5.7% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 38,354 shares of the real estate investment trust’s stock worth $464,000 after purchasing an additional 2,079 shares during the period. Finally, Private Advisor Group LLC raised its position in Cohen & Steers Total Return Realty Fund by 106.7% in the 3rd quarter. Private Advisor Group LLC now owns 67,341 shares of the real estate investment trust’s stock worth $815,000 after purchasing an additional 34,767 shares during the period. 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.