Cohen & Steers Quality Income Realty Fund, Inc. (NYSE:RQI) Sees Large Decline in Short Interest

Cohen & Steers Quality Income Realty Fund, Inc. (NYSE:RQI) saw a large decrease in short interest in August. As of August 31st, there was short interest totalling 15,200 shares, a decrease of 80.8% from the August 15th total of 79,000 shares. Based on an average daily volume of 375,800 shares, the days-to-cover ratio is currently 0.0 days.

Shares of NYSE RQI opened at $16.00 on Wednesday. Cohen & Steers Quality Income Realty Fund has a fifty-two week low of $10.20 and a fifty-two week high of $16.71. The firm’s 50-day simple moving average is $16.08 and its 200 day simple moving average is $15.21.

The firm also recently declared a monthly dividend, which will be paid on Thursday, September 30th. Investors of record on Wednesday, September 15th will be given a $0.08 dividend. The ex-dividend date is Tuesday, September 14th. This represents a $0.96 annualized dividend and a yield of 6.00%.

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE increased its stake in Cohen & Steers Quality Income Realty Fund by 2.0% in the 2nd quarter. Bank of America Corp DE now owns 3,128,025 shares of the real estate investment trust’s stock valued at $49,141,000 after buying an additional 60,808 shares during the last quarter. Morgan Stanley increased its stake in Cohen & Steers Quality Income Realty Fund by 7.2% in the 2nd quarter. Morgan Stanley now owns 4,151,539 shares of the real estate investment trust’s stock valued at $65,221,000 after buying an additional 279,379 shares during the last quarter. Wells Fargo & Company MN increased its stake in Cohen & Steers Quality Income Realty Fund by 2.1% in the 2nd quarter. Wells Fargo & Company MN now owns 1,080,941 shares of the real estate investment trust’s stock valued at $16,981,000 after buying an additional 22,109 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its stake in Cohen & Steers Quality Income Realty Fund by 13.7% in the 2nd quarter. Nations Financial Group Inc. IA ADV now owns 16,571 shares of the real estate investment trust’s stock valued at $260,000 after buying an additional 2,003 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC increased its stake in Cohen & Steers Quality Income Realty Fund by 8.1% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 33,252 shares of the real estate investment trust’s stock valued at $522,000 after buying an additional 2,478 shares during the last quarter.

About Cohen & Steers Quality Income Realty Fund

Cohen & Steers Quality Income Realty Fund, Inc operates as a closed-end investment fund/investment trust. The firm intends to receive current income through investment in real estate securities and also capital appreciation. It also manages investment strategies such as hedged real estate securities portfolios and private real estate multimanager strategies for investors.

Further Reading: What is the QQQ ETF?

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