Cohen & Steers Quality Income Realty Fund (NYSE:RQI) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Cohen & Steers Quality Income Realty Fund, Inc. (NYSE:RQI)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $12.31 and traded as high as $13.32. Cohen & Steers Quality Income Realty Fund shares last traded at $13.2210, with a volume of 278,870 shares.

Cohen & Steers Quality Income Realty Fund Stock Performance

The firm’s 50 day moving average is $12.75 and its two-hundred day moving average is $12.32.

Cohen & Steers Quality Income Realty Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a c) annualized dividend and a yield of 8.4%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Atlantic Union Bankshares Corp boosted its stake in Cohen & Steers Quality Income Realty Fund by 290.1% during the 3rd quarter. Atlantic Union Bankshares Corp now owns 2,017 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 1,500 shares during the last quarter. J.Safra Asset Management Corp bought a new position in shares of Cohen & Steers Quality Income Realty Fund during the 3rd quarter valued at about $25,000. Root Financial Partners LLC bought a new position in shares of Cohen & Steers Quality Income Realty Fund during the 3rd quarter valued at about $37,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Cohen & Steers Quality Income Realty Fund in the fourth quarter valued at approximately $36,000. Finally, CoreCap Advisors LLC boosted its holdings in shares of Cohen & Steers Quality Income Realty Fund by 75.3% in the fourth quarter. CoreCap Advisors LLC now owns 3,291 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 1,414 shares during the period.

Cohen & Steers Quality Income Realty Fund Company Profile

Cohen & Steers Quality Income Realty Fund (NYSE: RQI) is a closed-end management investment company that seeks to provide attractive levels of income and long-term growth of capital by investing primarily in real estate securities. The fund pursues a diversified portfolio approach, targeting real estate investment trusts (REITs) and real estate operating companies across a range of property sectors, including industrial, office, retail, residential and specialized real estate.

The fund’s investment strategy emphasizes high-quality, income-producing real estate securities.