Cohen & Steers Quality Income Realty Fund, Inc. (NYSE:RQI) Short Interest Down 17.5% in October

Cohen & Steers Quality Income Realty Fund, Inc. (NYSE:RQI) was the target of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 276,400 shares, a drop of 17.5% from the October 15th total of 335,200 shares. Based on an average trading volume of 317,100 shares, the days-to-cover ratio is presently 0.9 days.

Insider Buying and Selling

In related news, Portfolio Manager Mathew Kirschner bought 5,380 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was purchased at an average cost of $14.02 per share, for a total transaction of $75,427.60. Following the transaction, the portfolio manager now owns 5,380 shares in the company, valued at $75,427.60. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Institutional Trading of Cohen & Steers Quality Income Realty Fund

Several institutional investors and hedge funds have recently modified their holdings of RQI. Apollon Wealth Management LLC grew its position in Cohen & Steers Quality Income Realty Fund by 1.7% during the 2nd quarter. Apollon Wealth Management LLC now owns 286,815 shares of the real estate investment trust’s stock worth $3,350,000 after acquiring an additional 4,769 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of Cohen & Steers Quality Income Realty Fund by 46.7% in the second quarter. Cetera Investment Advisers now owns 152,352 shares of the real estate investment trust’s stock valued at $1,779,000 after buying an additional 48,502 shares during the period. Janney Montgomery Scott LLC raised its holdings in Cohen & Steers Quality Income Realty Fund by 2.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 88,533 shares of the real estate investment trust’s stock valued at $1,255,000 after buying an additional 2,291 shares during the last quarter. Vanguard Capital Wealth Advisors boosted its position in Cohen & Steers Quality Income Realty Fund by 20.0% during the 2nd quarter. Vanguard Capital Wealth Advisors now owns 24,000 shares of the real estate investment trust’s stock worth $280,000 after buying an additional 4,000 shares during the period. Finally, Private Advisor Group LLC grew its holdings in Cohen & Steers Quality Income Realty Fund by 14.0% during the 2nd quarter. Private Advisor Group LLC now owns 175,379 shares of the real estate investment trust’s stock worth $2,048,000 after acquiring an additional 21,564 shares during the last quarter.

Cohen & Steers Quality Income Realty Fund Stock Performance

Shares of NYSE RQI traded down $0.01 during trading hours on Friday, hitting $12.95. 204,163 shares of the stock were exchanged, compared to its average volume of 376,495. The company’s fifty day simple moving average is $13.75 and its two-hundred day simple moving average is $12.63. Cohen & Steers Quality Income Realty Fund has a 1-year low of $10.52 and a 1-year high of $14.41.

Cohen & Steers Quality Income Realty Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, December 10th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 7.41%.

Cohen & Steers Quality Income Realty Fund Company Profile

Cohen & Steers Quality Income Realty Fund, Inc is a closed-ended equity mutual fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in the public equity markets of the United States. The fund seeks to invest in stocks of companies operating in the real estate sector, including real estate investment trusts.