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Cohen & Steers portfolio manager Mathew Kirschner acquires $75,427 in common stock

Published 10/16/2024, 01:43 PM
RQI
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Mathew Kirschner, a portfolio manager at Cohen & Steers Quality Income Realty Fund Inc. (NYSE:RQI), recently acquired 5,380 shares of the company's common stock. The purchase, completed on October 16, totaled approximately $75,427, with shares priced at $14.0199 each. This acquisition reflects Kirschner's direct ownership of the shares, marking a notable transaction for the fund.

InvestingPro Insights

Mathew Kirschner's recent purchase of RQI shares aligns with several positive indicators highlighted by InvestingPro. The Cohen & Steers Quality Income Realty Fund Inc. has demonstrated strong performance, with a 52% price total return over the past year and a 33.9% return in the last six months. These figures underscore the fund's robust momentum, which may have influenced Kirschner's decision to increase his stake.

InvestingPro Tips reveal that RQI pays a significant dividend to shareholders, with a current dividend yield of 6.89%. This attractive yield is further supported by the fund's 23-year track record of maintaining dividend payments, a testament to its commitment to shareholder returns. The fund is also trading near its 52-week high, with its current price at 98.4% of the peak, suggesting investor confidence in its prospects.

While these metrics paint a positive picture, it's worth noting that InvestingPro has identified 8 additional tips for RQI, which could provide further insights into the fund's financial health and outlook. Investors seeking a more comprehensive analysis may find value in exploring these additional tips available through InvestingPro.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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