Cohen & Steers Real Estate Opportunities & Income Fund (NYSE:RLTY) Stock Price Down 0.4% – Time to Sell?

Cohen & Steers Real Estate Opportunities & Income Fund (NYSE:RLTY) traded down 0.4% on Friday . The stock traded as low as $15.65 and last traded at $15.7650. 51,093 shares were traded during mid-day trading, a decline of 20% from the average session volume of 64,040 shares. The stock had previously closed at $15.83.

Cohen & Steers Real Estate Opportunities & Income Fund Price Performance

The business has a 50-day moving average price of $15.30 and a two-hundred day moving average price of $15.13.

Cohen & Steers Real Estate Opportunities & Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a dividend of $0.11 per share. The ex-dividend date is Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 8.4%.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. boosted its stake in shares of Cohen & Steers Real Estate Opportunities & Income Fund by 0.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 392,578 shares of the company’s stock worth $5,999,000 after purchasing an additional 3,266 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Cohen & Steers Real Estate Opportunities & Income Fund by 6.2% during the 3rd quarter. Bank of America Corp DE now owns 224,695 shares of the company’s stock worth $3,433,000 after purchasing an additional 13,164 shares during the last quarter. Wolverine Asset Management LLC boosted its stake in shares of Cohen & Steers Real Estate Opportunities & Income Fund by 391.7% during the 4th quarter. Wolverine Asset Management LLC now owns 178,436 shares of the company’s stock worth $2,623,000 after purchasing an additional 142,146 shares during the last quarter. Consolidated Portfolio Review Corp boosted its stake in shares of Cohen & Steers Real Estate Opportunities & Income Fund by 19.5% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 172,072 shares of the company’s stock worth $2,629,000 after purchasing an additional 28,037 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Cohen & Steers Real Estate Opportunities & Income Fund by 13.7% during the first quarter. Royal Bank of Canada now owns 170,368 shares of the company’s stock worth $2,477,000 after purchasing an additional 20,480 shares during the last quarter.

About Cohen & Steers Real Estate Opportunities & Income Fund

Cohen & Steers Real Estate Opportunities & Income Fund (NYSE: RLTY) is a closed-end management investment company that seeks to provide total return through a combination of current income, capital appreciation and capital gains. The fund pursues its objectives by investing primarily in publicly traded real estate investment trusts (REITs) and other real estate securities. It may also allocate a portion of its assets to preferred equity, real estate operating companies and debt instruments when market opportunities arise.

The fund’s portfolio spans a wide range of property sectors, including office, industrial, retail, residential and specialized real estate such as healthcare and lodging.