Cornerstone Advisors LLC Sells 27,974 Shares of Cohen & Steers Total Return Realty Fund, Inc. $RFI

Cornerstone Advisors LLC reduced its stake in shares of Cohen & Steers Total Return Realty Fund, Inc. (NYSE:RFI) by 64.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 15,742 shares of the real estate investment trust’s stock after selling 27,974 shares during the period. Cornerstone Advisors LLC’s holdings in Cohen & Steers Total Return Realty Fund were worth $190,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the stock. Smith Asset Management Co. LLC purchased a new position in Cohen & Steers Total Return Realty Fund during the first quarter valued at $4,174,000. Shufro Rose & Co. LLC boosted its holdings in shares of Cohen & Steers Total Return Realty Fund by 284.6% during the 1st quarter. Shufro Rose & Co. LLC now owns 50,000 shares of the real estate investment trust’s stock valued at $604,000 after purchasing an additional 37,000 shares during the last quarter. Westbourne Investment Advisors Inc. purchased a new position in shares of Cohen & Steers Total Return Realty Fund during the second quarter valued at about $328,000. Cresset Asset Management LLC bought a new stake in shares of Cohen & Steers Total Return Realty Fund in the first quarter worth about $139,000. Finally, Royal Bank of Canada lifted its position in shares of Cohen & Steers Total Return Realty Fund by 5.8% in the first quarter. Royal Bank of Canada now owns 167,148 shares of the real estate investment trust’s stock worth $2,021,000 after buying an additional 9,093 shares in the last quarter. Hedge funds and other institutional investors own 20.42% of the company’s stock.

Cohen & Steers Total Return Realty Fund Stock Performance

NYSE RFI opened at $11.30 on Tuesday. Cohen & Steers Total Return Realty Fund, Inc. has a 1-year low of $10.43 and a 1-year high of $13.29. The business has a 50 day simple moving average of $11.80 and a two-hundred day simple moving average of $11.91.

Cohen & Steers Total Return Realty Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be given a $0.08 dividend. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date is Tuesday, December 9th.

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.