Cohen & Steers Total Return Realty Fund (NYSE:RFI) Stock Crosses Below Two Hundred Day Moving Average - Here's What Happened

Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.15 and traded as low as $11.41. Cohen & Steers Total Return Realty Fund shares last traded at $11.55, with a volume of 39,660 shares.

Cohen & Steers Total Return Realty Fund Stock Up 0.6 %

The company has a 50 day moving average of $11.78 and a 200-day moving average of $12.11.

Cohen & Steers Total Return Realty Fund Cuts Dividend

The firm also recently disclosed a -- dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a $0.08 dividend. The ex-dividend date is Tuesday, June 10th. This represents a yield of 8.1%.

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

Hedge funds have recently added to or reduced their stakes in the stock. Wolverine Asset Management LLC purchased a new stake in shares of Cohen & Steers Total Return Realty Fund during the fourth quarter worth about $1,075,000. Raymond James Financial Inc. purchased a new position in shares of Cohen & Steers Total Return Realty Fund in the 4th quarter worth approximately $969,000. Marshall & Sterling Wealth Advisors Inc. purchased a new position in shares of Cohen & Steers Total Return Realty Fund in the 4th quarter worth approximately $551,000. Cetera Investment Advisers boosted its holdings in Cohen & Steers Total Return Realty Fund by 54.1% during the 4th quarter. Cetera Investment Advisers now owns 117,392 shares of the real estate investment trust's stock valued at $1,359,000 after acquiring an additional 41,204 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new position in Cohen & Steers Total Return Realty Fund during the 4th quarter valued at $369,000. 20.42% of the stock is currently owned by hedge funds and other institutional investors.

Cohen & Steers Total Return Realty Fund Company Profile

Cohen & Steers Total Return Realty Fund, Inc is a closed-ended equity mutual fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the real estate sector, including real estate investment trusts.