Cohen & Steers Total Return Realty Fund (NYSE:RFI) Share Price Passes Below 200 Day Moving Average - Here's Why

Key Points

• Cohen & Steers Total Return Realty Fund shares fell below their 200-day moving average of $11.42, reaching $11.17 before closing at $11.21, down 0.6%.
• The fund announced a monthly dividend of $0.08 per share, representing an annualized yield of approximately 8.6%; shareholders of record on September 8 are eligible for payment on September 30.
• Institutional investors own 20.42% of RFI, with several hedge funds recently increasing or initiating positions, including Osaic Holdings, which raised its stake by 61.8%.

Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.42 and traded as low as $11.17. Cohen & Steers Total Return Realty Fund shares last traded at $11.21, with a volume of 69,831 shares traded.

Cohen & Steers Total Return Realty Fund Trading Down 0.6%

The company's 50 day moving average price is $11.45 and its 200 day moving average price is $11.42.

Cohen & Steers Total Return Realty Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be paid a $0.08 dividend. The ex-dividend date is Tuesday, September 8th. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%.

Institutional Trading of Cohen & Steers Total Return Realty Fund

A number of hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its position in shares of Cohen & Steers Total Return Realty Fund by 61.8% during the 4th quarter. Osaic Holdings Inc. now owns 742,553 shares of the real estate investment trust's stock valued at $8,205,000 after buying an additional 283,695 shares in the last quarter. Independent Financial Group LLC acquired a new stake in shares of Cohen & Steers Total Return Realty Fund in the 1st quarter worth $2,779,000. Readystate Asset Management LP acquired a new position in Cohen & Steers Total Return Realty Fund in the 4th quarter valued at about $1,694,000. Gridiron Partners LLC purchased a new stake in shares of Cohen & Steers Total Return Realty Fund during the 2nd quarter valued at approximately $1,698,000. Finally, Private Advisor Group LLC grew its position in Cohen & Steers Total Return Realty Fund by 106.7% in the third quarter. Private Advisor Group LLC now owns 67,341 shares of the real estate investment trust's stock worth $815,000 after acquiring an additional 34,767 shares during the period. 20.42% of the stock is owned by hedge funds and other institutional investors.

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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