Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Short Interest Update

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totaling 180,200 shares, a drop of 45.6% from the September 30th total of 331,200 shares. Based on an average daily trading volume, of 90,300 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily trading volume, of 90,300 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Trading of Cohen & Steers REIT and Preferred Income Fund

Several large investors have recently bought and sold shares of RNP. Raymond James Financial Inc. boosted its stake in Cohen & Steers REIT and Preferred Income Fund by 86.3% in the first quarter. Raymond James Financial Inc. now owns 691,946 shares of the investment management company’s stock valued at $15,271,000 after buying an additional 320,617 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 34.9% during the second quarter. Ameriprise Financial Inc. now owns 592,522 shares of the investment management company’s stock valued at $13,491,000 after purchasing an additional 153,288 shares in the last quarter. XML Financial LLC boosted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 41.7% during the second quarter. XML Financial LLC now owns 313,706 shares of the investment management company’s stock valued at $7,143,000 after purchasing an additional 92,344 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 29.2% during the third quarter. Commonwealth Equity Services LLC now owns 242,100 shares of the investment management company’s stock valued at $5,442,000 after purchasing an additional 54,716 shares in the last quarter. Finally, Venture Visionary Partners LLC boosted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 98.9% during the first quarter. Venture Visionary Partners LLC now owns 79,344 shares of the investment management company’s stock valued at $1,751,000 after purchasing an additional 39,454 shares in the last quarter.

Cohen & Steers REIT and Preferred Income Fund Stock Up 0.9%

NYSE:RNP opened at $21.40 on Friday. The stock’s 50-day simple moving average is $22.04 and its 200 day simple moving average is $21.94. Cohen & Steers REIT and Preferred Income Fund has a twelve month low of $19.00 and a twelve month high of $23.58.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be paid a $0.136 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a c) annualized dividend and a yield of 7.6%.

Cohen & Steers REIT and Preferred Income Fund Company Profile

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