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Saturday, August 1, 2009

My Top Realty Fund stock for the long term - Cohen & Steers Quality Income Realty Inc !

RQI ( 4.57 ) a share as of Aug. 1 , 2009 , Target price 9.75 target price by Oct. 2009 !
Cohen & Steers Quality Income Realty Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Company’s primary investment objective is to provide high current income through investment in real estate securities. Capital appreciation is a secondary investment objective. The Fund seeks to invest at least 90% of the total assets in common stocks, preferred stocks, and other equity securities issued by real estate companies, primarily real estate investment trusts (REITs). It invests in sectors, such as shopping center, self storage, diversified, healthcare, residential apartment and office. The Fund's investment manager is Cohen & Steers Capital Management, Inc. Cohen & Steers is a manager of income-oriented equity portfolios specializing in U.S. and international real estate securities, large cap value stocks, utilities and listed infrastructure, and preferred securities. The company also offers alternative investment strategies such as hedged real estate securities portfolios and private real estate multimanager strategies. Headquartered in New York City, with offices in London, Brussels, Hong Kong and Seattle, Cohen & Steers serves individual and institutional investors through a broad range of investment vehicles. Our passionate belief that dividends provide an important part of an investment's total return and overall diversification has been the foundation for our portfolio strategies. We believe the significant growth in our assets under management over the past two decades reflects the growing demand for dividend-paying equity investments. The Firm at a Glance
Established in 1986
$16.3 billion in assets under management (as of 6/30/09) 125 employees-->
New York City headquarters
Offices in New York, Seattle, Brussels, London and Hong Kong
One of Ben Stein's favorite ETFs.dividends will come back in 2010 ! While the commercial US real estate market hasn't suffered to badly, I expect that will change. I think the current price and recent price fall reflects some of this weekness. However, the price could sink some more before bottoming out. As long as they keep up the dividends, I'll be happy!Deeply discounted with a very high dividend yield that will be back in the near future .. Bound for a rebound.
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