Cohen & Steers Total Return Realty Fund (NYSE:RFI) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.15 and traded as low as $11.41. Cohen & Steers Total Return Realty Fund shares last traded at $11.55, with a volume of 39,660 shares trading hands.

Cohen & Steers Total Return Realty Fund Trading Up 1.9 %

The company has a 50 day moving average price of $11.81 and a 200 day moving average price of $12.15.

Cohen & Steers Total Return Realty Fund Cuts Dividend

The company also recently announced a — dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a $0.08 dividend. This represents a dividend yield of 8.1%. The ex-dividend date is Tuesday, June 10th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Wolverine Asset Management LLC acquired a new position in Cohen & Steers Total Return Realty Fund during the 4th quarter worth approximately $1,075,000. Raymond James Financial Inc. purchased a new stake in shares of Cohen & Steers Total Return Realty Fund during the 4th quarter worth $969,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of Cohen & Steers Total Return Realty Fund during the 4th quarter worth $551,000. Cetera Investment Advisers increased its holdings in shares of Cohen & Steers Total Return Realty Fund by 54.1% in the 4th quarter. Cetera Investment Advisers now owns 117,392 shares of the real estate investment trust’s stock valued at $1,359,000 after purchasing an additional 41,204 shares in the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in shares of Cohen & Steers Total Return Realty Fund in the fourth quarter valued at about $369,000. 20.42% of the stock is owned by hedge funds and other institutional investors.

About Cohen & Steers Total Return Realty Fund

Cohen & Steers Total Return Realty Fund, Inc is a closed-ended equity mutual fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the real estate sector, including real estate investment trusts.