Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI) Short Interest Down 81.3% in March

Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI - Get Free Report) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 8,600 shares, a drop of 81.3% from the March 15th total of 46,000 shares. Based on an average daily volume of 8,800 shares, the days-to-cover ratio is presently 1.0 days.

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

Several hedge funds have recently modified their holdings of RFI. Morgan Stanley boosted its position in shares of Cohen & Steers Total Return Realty Fund by 2.8% in the fourth quarter. Morgan Stanley now owns 1,352,657 shares of the real estate investment trust's stock worth $16,543,000 after acquiring an additional 36,350 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Cohen & Steers Total Return Realty Fund by 7.1% during the third quarter. Commonwealth Equity Services LLC now owns 866,826 shares of the real estate investment trust's stock valued at $9,084,000 after purchasing an additional 57,387 shares during the period. Wells Fargo & Company MN raised its stake in shares of Cohen & Steers Total Return Realty Fund by 1.9% during the fourth quarter. Wells Fargo & Company MN now owns 559,276 shares of the real estate investment trust's stock valued at $6,840,000 after purchasing an additional 10,442 shares during the period. LPL Financial LLC raised its holdings in Cohen & Steers Total Return Realty Fund by 0.7% in the third quarter. LPL Financial LLC now owns 322,179 shares of the real estate investment trust's stock valued at $3,376,000 after acquiring an additional 2,250 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in Cohen & Steers Total Return Realty Fund by 0.8% in the second quarter. Osaic Holdings Inc. now owns 303,782 shares of the real estate investment trust's stock valued at $3,469,000 after acquiring an additional 2,315 shares in the last quarter. 20.42% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Total Return Realty Fund Stock Performance

Shares of RFI traded down $0.37 during trading hours on Wednesday, reaching $11.21. The company had a trading volume of 99,893 shares, compared to its average volume of 69,662. The firm has a 50 day simple moving average of $11.75 and a 200-day simple moving average of $11.34. Cohen & Steers Total Return Realty Fund has a 12-month low of $9.62 and a 12-month high of $12.40.

Cohen & Steers Total Return Realty Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be issued a dividend of $0.08 per share. The ex-dividend date is Tuesday, June 11th. This represents a $0.96 annualized dividend and a yield of 8.56%.

About Cohen & Steers Total Return Realty Fund

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.

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