Cohen & Steers Real Estate Opportunities & Income Fund (NYSE:RLTY) Shares Up 1.8% – Still a Buy?

Cohen & Steers Real Estate Opportunities & Income Fund (NYSE:RLTY) shares traded up 1.8% during mid-day trading on Thursday . The stock traded as high as $14.88 and last traded at $14.83. 117,556 shares traded hands during trading, an increase of 34% from the average session volume of 87,656 shares. The stock had previously closed at $14.57.

Cohen & Steers Real Estate Opportunities & Income Fund Stock Up 1.8%

The stock’s 50 day moving average price is $14.77 and its 200 day moving average price is $15.11.

Cohen & Steers Real Estate Opportunities & Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.11 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date is Tuesday, March 10th.

Institutional Investors Weigh In On Cohen & Steers Real Estate Opportunities & Income Fund

Several hedge funds have recently modified their holdings of the stock. Geneos Wealth Management Inc. boosted its holdings in Cohen & Steers Real Estate Opportunities & Income Fund by 575.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 3,527 shares of the company’s stock worth $54,000 after acquiring an additional 3,005 shares during the period. US Bancorp DE acquired a new position in shares of Cohen & Steers Real Estate Opportunities & Income Fund during the third quarter worth $99,000. Osaic Holdings Inc. boosted its stake in shares of 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. Jane Street Group LLC acquired a new stake in Cohen & Steers Real Estate Opportunities & Income Fund during the 1st quarter valued at $179,000. Finally, Citadel Advisors LLC purchased a new stake in Cohen & Steers Real Estate Opportunities & Income Fund during the 3rd quarter worth $186,000.

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.