Cohen & Steers (NYSE:CNS) EVP Daniel Noonan Sells 4,360 Shares

Cohen & Steers Inc (NYSE:CNS) EVP Daniel Noonan sold 4,360 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $77.33, for a total value of $337,158.80. Following the completion of the transaction, the executive vice president owned 28,682 shares of the company’s stock, valued at $2,217,979.06. This trade represents a 13.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Cohen & Steers Price Performance

Shares of NYSE CNS traded down $0.52 during trading on Tuesday, reaching $76.61. 298,192 shares of the stock traded hands, compared to its average volume of 328,569. Cohen & Steers Inc has a 52-week low of $58.39 and a 52-week high of $78.81. The company has a 50-day moving average of $69.98 and a 200-day moving average of $66.43. The stock has a market capitalization of $3.94 billion, a P/E ratio of 25.28, a price-to-earnings-growth ratio of 2.19 and a beta of 1.25.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Thursday, April 16th. The asset manager reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.03). Cohen & Steers had a return on equity of 27.60% and a net margin of 27.47%.The company had revenue of $144.26 million for the quarter, compared to analysts’ expectations of $140.62 million. During the same period last year, the company posted $0.75 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. Analysts expect that Cohen & Steers Inc will post 3.38 earnings per share for the current fiscal year.

Cohen & Steers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Monday, May 11th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.5%. The ex-dividend date was Monday, May 11th. Cohen & Steers’s dividend payout ratio (DPR) is presently 88.45%.

Hedge Funds Weigh In On Cohen & Steers

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new stake in shares of Cohen & Steers during the fourth quarter worth about $28,000. Geneos Wealth Management Inc. raised its position in Cohen & Steers by 345.3% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 297 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in Cohen & Steers during the fourth quarter valued at approximately $31,000. Caitong International Asset Management Co. Ltd raised its position in Cohen & Steers by 110.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 299 shares during the period. Finally, Hantz Financial Services Inc. raised its position in Cohen & Steers by 754.9% during the fourth quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 536 shares during the period. 51.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CNS has been the subject of several research analyst reports. Weiss Ratings upgraded Cohen & Steers from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Zacks Research upgraded Cohen & Steers from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Finally, Evercore reiterated an “outperform” rating and set a $82.00 price objective on shares of Cohen & Steers in a research note on Monday, June 8th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Cohen & Steers currently has a consensus rating of “Hold” and an average price target of $75.00.

About Cohen & Steers

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).