Cohen & Steers Real Estate Opportunities & Income Fund (NYSE:RLTY) Shares Up 1.8% – What’s Next?

Cohen & Steers Real Estate Opportunities & Income Fund (NYSE:RLTY)’s stock price traded up 1.8% during mid-day trading on Thursday . The company traded as high as $14.88 and last traded at $14.83. 117,556 shares were traded during mid-day trading, an increase of 34% from the average session volume of 87,656 shares. The stock had previously closed at $14.57.

Cohen & Steers Real Estate Opportunities & Income Fund Stock Performance

The firm has a 50 day moving average of $14.78 and a 200 day moving average of $15.11.

Cohen & Steers Real Estate Opportunities & Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.11 per share. The ex-dividend date is Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 8.8%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its stake in shares of Cohen & Steers Real Estate Opportunities & Income Fund by 0.8% in the third quarter. Advisors Asset Management Inc. now owns 392,578 shares of the company’s stock valued at $5,999,000 after buying an additional 3,266 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Cohen & Steers Real Estate Opportunities & Income Fund by 6.2% in the 3rd quarter. Bank of America Corp DE now owns 224,695 shares of the company’s stock worth $3,433,000 after buying an additional 13,164 shares during the last quarter. Consolidated Portfolio Review Corp grew its holdings in shares of Cohen & Steers Real Estate Opportunities & Income Fund by 19.5% in the third quarter. Consolidated Portfolio Review Corp now owns 172,072 shares of the company’s stock valued at $2,629,000 after acquiring an additional 28,037 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of Cohen & Steers Real Estate Opportunities & Income Fund by 1.6% during the second quarter. Raymond James Financial Inc. now owns 132,791 shares of the company’s stock valued at $2,016,000 after acquiring an additional 2,059 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in Cohen & Steers Real Estate Opportunities & Income Fund by 21.4% during the first quarter. Royal Bank of Canada now owns 131,882 shares of the company’s stock worth $2,023,000 after acquiring an additional 23,253 shares during the period.

Cohen & Steers Real Estate Opportunities & Income Fund Company Profile

Cohen & Steers Real Estate Opportunities & Income Fund (NYSE: RLTY) is a closed-end management investment company that seeks to provide total return through a combination of current income, capital appreciation and capital gains. The fund pursues its objectives by investing primarily in publicly traded real estate investment trusts (REITs) and other real estate securities. It may also allocate a portion of its assets to preferred equity, real estate operating companies and debt instruments when market opportunities arise.

The fund’s portfolio spans a wide range of property sectors, including office, industrial, retail, residential and specialized real estate such as healthcare and lodging.