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.
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