Cohen & Steers Real Estate Opportunities & Income Fund (NYSE:RLTY) Trading Down 0.4% – Here’s What Happened

Shares of Cohen & Steers Real Estate Opportunities & Income Fund (NYSE:RLTY) dropped 0.4% on Friday . The stock traded as low as $15.65 and last traded at $15.7650. Approximately 51,093 shares traded hands during trading, a decline of 20% from the average daily volume of 64,040 shares. The stock had previously closed at $15.83.

Cohen & Steers Real Estate Opportunities & Income Fund Trading Down 0.4%

The company’s 50 day moving average price is $15.30 and its 200-day moving average price is $15.13.

Cohen & Steers Real Estate Opportunities & Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $0.11 dividend. The ex-dividend date is Tuesday, June 9th. This represents a c) annualized dividend and a yield of 8.4%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Gilpin Wealth Management LLC purchased a new position in Cohen & Steers Real Estate Opportunities & Income Fund in the fourth quarter valued at about $33,000. Global Retirement Partners LLC purchased a new position in Cohen & Steers Real Estate Opportunities & Income Fund in the fourth quarter valued at about $51,000. Geneos Wealth Management Inc. raised its position in Cohen & Steers Real Estate Opportunities & Income Fund by 575.7% in the first quarter. Geneos Wealth Management Inc. now owns 3,527 shares of the company’s stock valued at $54,000 after purchasing an additional 3,005 shares during the period. US Bancorp DE purchased a new position in Cohen & Steers Real Estate Opportunities & Income Fund in the third quarter valued at about $99,000. Finally, Osaic Holdings Inc. raised its position in Cohen & Steers Real Estate Opportunities & Income Fund by 58.0% in the second quarter. Osaic Holdings Inc. now owns 10,171 shares of the company’s stock valued at $154,000 after purchasing an additional 3,735 shares during the period.

About Cohen & Steers Real Estate Opportunities & Income Fund

Cohen & Steers Real Estate Opportunities & Income Fund (NYSE: RLTY) is a closed-end management investment company that seeks to provide total return through a combination of current income, capital appreciation and capital gains. The fund pursues its objectives by investing primarily in publicly traded real estate investment trusts (REITs) and other real estate securities. It may also allocate a portion of its assets to preferred equity, real estate operating companies and debt instruments when market opportunities arise.

The fund’s portfolio spans a wide range of property sectors, including office, industrial, retail, residential and specialized real estate such as healthcare and lodging.