Short Interest in Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI) Declines By 55.5%

Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 18,540 shares, a decrease of 55.5% from the June 30th total of 41,687 shares. Based on an average daily volume of 98,909 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of RFI. CoreCap Advisors LLC increased its stake in shares of Cohen & Steers Total Return Realty Fund by 450.5% in the 2nd quarter. CoreCap Advisors LLC now owns 37,792 shares of the real estate investment trust’s stock worth $428,000 after purchasing an additional 30,927 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Cohen & Steers Total Return Realty Fund by 8.9% in the first 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 period. Independent Financial Group LLC purchased a new position in shares of Cohen & Steers Total Return Realty Fund during the 1st quarter valued at about $2,779,000. NWF Advisory Services Inc. lifted its position in shares of Cohen & Steers Total Return Realty Fund by 2.8% during the 1st quarter. NWF Advisory Services Inc. now owns 33,425 shares of the real estate investment trust’s stock valued at $372,000 after buying an additional 900 shares in the last quarter. Finally, Fifth Third Bancorp purchased a new stake in Cohen & Steers Total Return Realty Fund in the 1st quarter worth approximately $310,000. Hedge funds and other institutional investors own 20.42% of the company’s stock.

Cohen & Steers Total Return Realty Fund Stock Performance

Shares of RFI traded up $0.03 on Tuesday, reaching $11.71. The company’s stock had a trading volume of 114,592 shares, compared to its average volume of 104,689. The stock’s 50 day simple moving average is $11.33 and its two-hundred day simple moving average is $11.39. Cohen & Steers Total Return Realty Fund has a 12-month low of $10.78 and a 12-month high of $12.17.

Cohen & Steers Total Return Realty Fund Announces Dividend

The firm 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 $0.08 dividend. The ex-dividend date is Tuesday, September 8th. This represents a c) annualized dividend and a yield of 8.2%.

Cohen & Steers Total Return Realty Fund Company Profile

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.