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

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 $12.51 and traded as high as $12.92. Cohen & Steers Quality Income Realty Fund shares last traded at $12.7750, with a volume of 939,829 shares.

Cohen & Steers Quality Income Realty Fund Stock Down 1.5%

The stock has a 50 day simple moving average of $13.10 and a 200-day simple moving average of $12.52.

Cohen & Steers Quality Income Realty Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be given a dividend of $0.09 per share. The ex-dividend date is Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 8.8%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in RQI. Matrix Private Capital Group LLC purchased a new stake in Cohen & Steers Quality Income Realty Fund during the 1st quarter valued at approximately $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 $3,208,000. Independent Financial Group LLC bought a new position in shares of Cohen & Steers Quality Income Realty Fund during the first quarter worth $3,342,000. Bank of America Corp DE boosted its position in shares of Cohen & Steers Quality Income Realty Fund by 8.6% during 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 acquiring an additional 219,521 shares during the last quarter. Finally, Rivernorth Capital Management LLC bought a new position in shares of Cohen & Steers Quality Income Realty Fund during the fourth quarter worth $1,886,000.

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.