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

Key Points

• RFI fell below its 200-day moving average of $11.38, trading as low as $10.78 before closing near $10.83, down 0.6%.
• The fund declared a monthly dividend of $0.08 per share, payable September 30 to shareholders of record September 8, representing an annualized yield of approximately 8.9%.
• Several institutional investors increased their holdings, including Northwestern Mutual Wealth Management, which more than doubled its position; institutions and hedge funds own 20.42% of the shares.

Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.38 and traded as low as $10.78. Cohen & Steers Total Return Realty Fund shares last traded at $10.8270, with a volume of 78,653 shares.

Cohen & Steers Total Return Realty Fund Trading Down 0.6%

The company's 50 day moving average price is $11.39 and its 200 day moving average price is $11.38.

Cohen & Steers Total Return Realty Fund Dividend Announcement

The company 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) dividend on an annualized basis and a yield of 8.9%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RFI. NWF Advisory Services Inc. lifted its holdings in shares of Cohen & Steers Total Return Realty Fund by 2.8% during the first quarter. NWF Advisory Services Inc. now owns 33,425 shares of the real estate investment trust's stock worth $372,000 after purchasing an additional 900 shares during the period. Westbourne Investment Advisors Inc. boosted its position in Cohen & Steers Total Return Realty Fund by 5.7% in the first quarter. Westbourne Investment Advisors Inc. now owns 27,700 shares of the real estate investment trust's stock valued at $309,000 after buying an additional 1,500 shares during the last quarter. Private Advisor Group LLC increased its holdings in Cohen & Steers Total Return Realty Fund by 6.0% in the 1st quarter. Private Advisor Group LLC now owns 71,941 shares of the real estate investment trust's stock worth $801,000 after buying an additional 4,062 shares during the period. Bank of America Corp DE raised its position in Cohen & Steers Total Return Realty Fund by 8.9% during the 1st quarter. Bank of America Corp DE now owns 60,733 shares of the real estate investment trust's stock worth $677,000 after buying an additional 4,972 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Cohen & Steers Total Return Realty Fund by 101.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 20,806 shares of the real estate investment trust's stock worth $236,000 after buying an additional 10,466 shares during the last quarter. 20.42% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Total Return Realty Fund Company Profile

Cohen & Steers Total Return Realty Fund, Inc NYSE: RFI is a closed-end management investment company advised by Cohen & Steers Capital Management, a firm specializing in real assets and income-oriented investments. The fund seeks to provide a high level of current income while also pursuing capital appreciation over the long term.

The fund invests primarily in real estate-related securities, including equity securities of real estate investment trusts (REITs) and other real estate companies.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.