Cohen & Steers Quality Income Realty Fund (NYSE:RQI) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Shares of Cohen & Steers Quality Income Realty Fund, Inc. (NYSE:RQI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.15 and traded as high as $13.16. Cohen & Steers Quality Income Realty Fund shares last traded at $13.0550, with a volume of 370,519 shares traded.

Cohen & Steers Quality Income Realty Fund Price Performance

The firm has a 50-day moving average price of $12.13 and a 200-day moving average price of $12.15.

Cohen & Steers Quality Income Realty Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a $0.09 dividend. The ex-dividend date is Tuesday, March 10th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

Institutional Trading of Cohen & Steers Quality Income Realty Fund

A number of hedge funds have recently modified their holdings of RQI. Focus Partners Wealth increased its stake in shares of Cohen & Steers Quality Income Realty Fund by 26.4% in the 1st quarter. Focus Partners Wealth now owns 21,138 shares of the real estate investment trust’s stock worth $265,000 after acquiring an additional 4,417 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in Cohen & Steers Quality Income Realty Fund by 102.5% in the first quarter. Geneos Wealth Management Inc. now owns 4,606 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 2,331 shares during the period. CWM LLC increased its stake in shares of Cohen & Steers Quality Income Realty Fund by 10.3% during the second quarter. CWM LLC now owns 13,719 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 1,282 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of Cohen & Steers Quality Income Realty Fund by 6.0% during the second quarter. D.A. Davidson & CO. now owns 35,528 shares of the real estate investment trust’s stock valued at $442,000 after purchasing an additional 2,011 shares during the last quarter. Finally, Carnegie Investment Counsel bought a new stake in shares of Cohen & Steers Quality Income Realty Fund in the 2nd quarter worth approximately $201,000.

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.