Cohen & Steers Total Return Realty Fund (NYSE:RFI) Stock Passes Above 200 Day Moving Average – Time to Sell?

Shares of Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.42 and traded as high as $11.57. Cohen & Steers Total Return Realty Fund shares last traded at $11.4650, with a volume of 92,165 shares.

Cohen & Steers Total Return Realty Fund Stock Up 1.0%

The business has a fifty day simple moving average of $11.38 and a 200-day simple moving average of $11.42.

Cohen & Steers Total Return Realty Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be paid a $0.08 dividend. This represents a c) annualized dividend and a dividend yield of 8.3%. The ex-dividend date is Tuesday, September 8th.

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

Several hedge funds have recently bought and sold shares of RFI. Global Retirement Partners LLC purchased a new stake in Cohen & Steers Total Return Realty Fund in the second quarter worth about $66,000. Gridiron Partners LLC bought a new stake in shares of Cohen & Steers Total Return Realty Fund in the 2nd quarter worth approximately $1,698,000. CoreCap Advisors LLC boosted its position 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 boosted its position in shares of Cohen & Steers Total Return Realty Fund by 8.9% in 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 purchasing an additional 4,972 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new stake in shares of Cohen & Steers Total Return Realty Fund in the 1st quarter worth approximately $2,779,000. Institutional investors own 20.42% of the company’s stock.

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.