Smith Asset Management Co. LLC Acquires New Position in Cohen & Steers Total Return Realty Fund, Inc. $RFI

Key Points

• Smith Asset Management Co. LLC acquired 345,261 shares of Cohen & Steers Total Return Realty Fund, valued at approximately $4.17 million, marking it as their 7th largest investment position.
• Other institutional investors, including Golden State Wealth Management LLC and Northwestern Mutual Wealth Management Co., also significantly increased their stakes in the fund by over 100% and 77%, respectively, during the first quarter.
• Cohen & Steers Total Return Realty Fund recently announced a monthly dividend of $0.08, providing an annualized yield of 8.0% to its shareholders.

Smith Asset Management Co. LLC purchased a new stake in Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 345,261 shares of the real estate investment trust's stock, valued at approximately $4,174,000. Cohen & Steers Total Return Realty Fund accounts for 3.9% of Smith Asset Management Co. LLC's holdings, making the stock its 7th largest position. Smith Asset Management Co. LLC owned about 1.29% of Cohen & Steers Total Return Realty Fund as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cape Investment Advisory Inc. bought a new stake in Cohen & Steers Total Return Realty Fund in the 1st quarter valued at about $60,000. Royal Bank of Canada lifted its position in 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 valued at $2,021,000 after purchasing an additional 9,093 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Cohen & Steers Total Return Realty Fund by 77.1% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,979 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 1,732 shares during the last quarter. Cresset Asset Management LLC bought a new stake in Cohen & Steers Total Return Realty Fund in the 1st quarter valued at about $139,000. Finally, Invesco Ltd. lifted its position in Cohen & Steers Total Return Realty Fund by 17.2% in the 1st quarter. Invesco Ltd. now owns 31,783 shares of the real estate investment trust's stock valued at $384,000 after purchasing an additional 4,655 shares during the last quarter. 20.42% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Total Return Realty Fund Trading Down 0.1%

NYSE:RFI traded down $0.01 during mid-day trading on Friday, hitting $12.02. The stock had a trading volume of 37,546 shares, compared to its average volume of 59,753. The company has a 50 day simple moving average of $11.96 and a 200-day simple moving average of $11.90. Cohen & Steers Total Return Realty Fund, Inc. has a 52 week low of $10.43 and a 52 week high of $13.39.

Cohen & Steers Total Return Realty Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, August 29th. Stockholders of record on Tuesday, August 12th were paid a $0.08 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a c) annualized dividend and a dividend yield of 8.0%.

Cohen & Steers Total Return Realty Fund 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.