Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI) Short Interest Up 185.8% in July

Key Points

• Short interest surged 185.8% in July to 52,992 shares, representing about 0.2% of RFI’s outstanding stock; the days-to-cover ratio stands at 0.5.
• Institutional investors and hedge funds own 20.42% of the fund, with several firms increasing their positions in recent quarters.
• RFI traded at $11.49, near its moving averages, and declared a monthly dividend of $0.08 per share, implying an annualized yield of approximately 8.4%.

Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI - Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 52,992 shares, an increase of 185.8% from the July 15th total of 18,540 shares. Approximately 0.2% of the company's stock are sold short. Based on an average trading volume of 100,476 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On Cohen & Steers Total Return Realty Fund

Several large investors have recently made changes to their positions in RFI. NWF Advisory Services Inc. grew its stake in shares of Cohen & Steers Total Return Realty Fund by 2.8% in the first quarter. NWF Advisory Services Inc. now owns 33,425 shares of the real estate investment trust's stock valued at $372,000 after buying an additional 900 shares in the last quarter. Cresset Asset Management LLC raised its position in Cohen & Steers Total Return Realty Fund by 7.4% during the third quarter. Cresset Asset Management LLC now owns 13,209 shares of the real estate investment trust's stock worth $160,000 after acquiring an additional 905 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in Cohen & Steers Total Return Realty Fund by 36.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,675 shares of the real estate investment trust's stock valued at $41,000 after acquiring an additional 979 shares during the last quarter. Comerica Bank lifted its stake in Cohen & Steers Total Return Realty Fund by 3.9% in the fourth quarter. Comerica Bank now owns 27,778 shares of the real estate investment trust's stock valued at $307,000 after acquiring an additional 1,043 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in Cohen & Steers Total Return Realty Fund by 11.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,838 shares of the real estate investment trust's stock valued at $153,000 after acquiring an additional 1,412 shares during the last quarter. Institutional investors and hedge funds own 20.42% of the company's stock.

Cohen & Steers Total Return Realty Fund Trading Up 1.2%

RFI opened at $11.49 on Friday. The business's 50-day simple moving average is $11.40 and its 200 day simple moving average is $11.43. Cohen & Steers Total Return Realty Fund has a 52-week low of $10.78 and a 52-week high of $12.17.

Cohen & Steers Total Return Realty Fund Announces Dividend

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

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.

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