Cohen & Steers Quality Income Realty Fund (NYSE:RQI) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Cohen & Steers Quality Income Realty Fund, Inc. (NYSE:RQI) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $12.53 and traded as high as $12.59. Cohen & Steers Quality Income Realty Fund shares last traded at $12.4960, with a volume of 913,422 shares changing hands.

Cohen & Steers Quality Income Realty Fund Price Performance

The company has a 50 day simple moving average of $13.06 and a 200-day simple moving average of $12.54.

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 issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 8.7%.

Institutional Trading of Cohen & Steers Quality Income Realty Fund

Several institutional investors have recently added to or reduced their stakes in the business. Focus Partners Wealth increased its holdings in shares of Cohen & Steers Quality Income Realty Fund by 26.4% in the first quarter. Focus Partners Wealth now owns 21,138 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 4,417 shares during the period. Geneos Wealth Management Inc. lifted its holdings in Cohen & Steers Quality Income Realty Fund by 102.5% in the first quarter. Geneos Wealth Management Inc. now owns 4,606 shares of the real estate investment trust’s stock worth $58,000 after buying an additional 2,331 shares during the period. Invesco Ltd. bought a new stake in Cohen & Steers Quality Income Realty Fund during the 2nd quarter valued at approximately $396,000. Baird Financial Group Inc. grew its holdings in shares of Cohen & Steers Quality Income Realty Fund by 3.6% during the 2nd quarter. Baird Financial Group Inc. now owns 65,935 shares of the real estate investment trust’s stock worth $821,000 after acquiring an additional 2,264 shares during the period. Finally, NewEdge Advisors LLC raised its holdings in Cohen & Steers Quality Income Realty Fund by 32.6% in the second quarter. NewEdge Advisors LLC now owns 10,327 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 2,537 shares in the last quarter.

About Cohen & Steers Quality Income Realty Fund

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.