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

Key Points

• Cohen & Steers Total Return Realty Fund shares fell below their 200-day moving average, declining to an intraday low of $10.25 versus the $11.26 average, and last traded near $10.34.
• The fund declared a monthly dividend of $0.08 per share, or $0.96 annualized, representing an approximately 9.3% yield.
• Institutional investors increased their holdings, with hedge funds and other institutions collectively owning 20.42% of the fund.

Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI - Get Free Report) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $11.26 and traded as low as $10.25. Cohen & Steers Total Return Realty Fund shares last traded at $10.3360, with a volume of 118,344 shares changing hands.

Cohen & Steers Total Return Realty Fund Stock Performance

The firm's 50-day moving average is $11.09 and its two-hundred day moving average is $11.26.

Cohen & Steers Total Return Realty Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 8th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, December 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 9.3%.

Institutional Trading of Cohen & Steers Total Return Realty Fund

Large investors have recently made changes to their positions in the company. CoreCap Advisors LLC raised its stake in Cohen & Steers Total Return Realty Fund by 9.4% in the 3rd quarter. CoreCap Advisors LLC now owns 41,341 shares of the real estate investment trust's stock valued at $434,000 after purchasing an additional 3,549 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Cohen & Steers Total Return Realty Fund by 18.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 32,054 shares of the real estate investment trust's stock valued at $363,000 after purchasing an additional 4,959 shares in the last quarter. Readystate Asset Management LP boosted its stake in Cohen & Steers Total Return Realty Fund by 86.6% during the 2nd quarter. Readystate Asset Management LP now owns 43,625 shares of the real estate investment trust's stock worth $494,000 after purchasing an additional 20,241 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake 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 purchasing an additional 10,466 shares during the last quarter. Finally, RB Capital Management LLC purchased a new stake in shares of Cohen & Steers Total Return Realty Fund during the second quarter worth $205,000. 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-end investment company listed on the New York Stock Exchange under the symbol RFI. The fund is managed by Cohen & Steers Capital Management, an investment manager specializing in real assets and income-oriented strategies.

The fund seeks to provide investors with a high level of current income and long-term capital appreciation. It invests primarily in securities of companies involved in the real estate industry, including real estate investment trusts (REITs) and other real estate-related businesses.

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