RFI: Consistent 8% Income And Potential Capital Appreciation

Summary

  • Cohen & Steers Total Return Realty is a closed-end fund that primarily invests in equity and preferred securities of real estate companies as well as REITs.
  • The RFI CEF has a reasonably good long-term record of performance. However, the recent performance has been sub-par and in alignment with the real-estate sector.
  • We would rate the fund as a "hold," as it is currently trading at a premium. Otherwise, we believe it is an excellent fund in the real estate sector for income investors.

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Introduction:

Cohen & Steers Total Return Realty (NYSE:RFI) is a closed-end fund, or CEF, incepted in September 1993. The fund is one of the few CEFs with a successful record of more than 25 years. The fund primarily invests



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Analyst’s Disclosure:I/we have a beneficial long position in the shares of ABT, ABBV, CI, JNJ, PFE, NVS, NVO, AZN, UNH, CL, CLX, UL, NSRGY, PG, TSN, ADM, MO, PM, KO, PEP, EXC, D, DEA, DEO, ENB, MCD, BAC, PRU, UPS, WMT, WBA, CVS, LOW, AAPL, IBM, CSCO, MSFT, INTC, T, VZ, CVX, XOM, VLO, ABB, ITW, MMM, LMT, LYB, RIO, O, NNN, WPC, ARCC, ARDC, AWF, BST, CHI, DNP, UTF, UTG, RFI, RNP, RQI, EVT, EOS, FFC, GOF, HQH, HTA, IFN, HYB, JPC, JPS, JRI, LGI, KYN, STK, MAIN, NBB, MCI, NLY, TLT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: The information presented in this article is for informational purposes only and in no way should be construed as financial advice or recommendation to buy or sell any stock. The author is not a financial advisor. Please always do further research and do your own due diligence before making any investments. Every effort has been made to present the data/information accurately; however, the author does not claim 100% accuracy. The stock portfolios presented here are model portfolios for demonstration purposes. For the complete list of our LONG positions, please see our profile on Seeking Alpha.

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