Cohen & Steers Quality Income Realty Fund (NYSE:RQI) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Cohen & Steers Quality Income Realty Fund, Inc. (NYSE:RQI)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.41 and traded as high as $13.15. Cohen & Steers Quality Income Realty Fund shares last traded at $13.0890, with a volume of 433,687 shares trading hands.

Cohen & Steers Quality Income Realty Fund Stock Up 0.1%

The firm has a 50 day moving average price of $12.93 and a 200-day moving average price of $12.43.

Cohen & Steers Quality Income Realty Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a $0.09 dividend. This represents a c) annualized dividend and a dividend yield of 8.2%. The ex-dividend date is Tuesday, June 9th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of RQI. Matrix Private Capital Group LLC purchased a new position in shares of Cohen & Steers Quality Income Realty Fund in the first quarter worth about $3,708,000. Wolverine Asset Management LLC purchased a new position in shares of Cohen & Steers Quality Income Realty Fund in the fourth quarter worth about $3,208,000. Independent Financial Group LLC purchased a new position in shares of Cohen & Steers Quality Income Realty Fund in the first quarter worth about $3,342,000. Bank of America Corp DE raised its stake in shares of Cohen & Steers Quality Income Realty Fund by 8.6% in the first quarter. Bank of America Corp DE now owns 2,780,381 shares of the real estate investment trust’s stock worth $33,504,000 after purchasing an additional 219,521 shares during the last quarter. Finally, Ameritas Advisory Services LLC raised its stake in shares of Cohen & Steers Quality Income Realty Fund by 823.8% in the third quarter. Ameritas Advisory Services LLC now owns 204,042 shares of the real estate investment trust’s stock worth $2,544,000 after purchasing an additional 181,955 shares during the last quarter.

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.