Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP – Get Free Report) announced a monthly dividend on Monday, June 22nd. Stockholders of record on Tuesday, August 11th will be paid a dividend of 0.136 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date is Tuesday, August 11th.
Cohen & Steers REIT and Preferred Income Fund Trading Up 1.0%
Shares of NYSE RNP opened at $20.07 on Tuesday. Cohen & Steers REIT and Preferred Income Fund has a 1 year low of $19.27 and a 1 year high of $22.99. The company’s 50-day moving average is $20.74 and its 200 day moving average is $20.52.
Institutional Trading of Cohen & Steers REIT and Preferred Income Fund
Several large investors have recently bought and sold shares of RNP. Bank of America Corp DE grew its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 9.4% during the 1st quarter. Bank of America Corp DE now owns 600,823 shares of the investment management company’s stock worth $11,872,000 after acquiring an additional 51,660 shares during the period. Royal Bank of Canada lifted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 2.4% in the 1st quarter. Royal Bank of Canada now owns 313,200 shares of the investment management company’s stock valued at $6,189,000 after purchasing an additional 7,430 shares during the period. Independent Financial Group LLC purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 1st quarter valued at approximately $757,000. Fifth Third Bancorp lifted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 166.3% in the 1st quarter. Fifth Third Bancorp now owns 26,400 shares of the investment management company’s stock valued at $522,000 after purchasing an additional 16,487 shares during the period. Finally, XML Financial LLC boosted its position in shares of Cohen & Steers REIT and Preferred Income Fund by 34.5% during the first quarter. XML Financial LLC now owns 561,075 shares of the investment management company’s stock valued at $11,087,000 after purchasing an additional 144,035 shares in the last quarter.
About Cohen & Steers REIT and Preferred Income Fund
Cohen & Steers® REIT and Preferred Income Fund, Inc (NYSE: RNP) is a closed-end management investment company that seeks to provide current income and, to a lesser extent, capital appreciation. The Fund pursues its objectives by investing primarily in equity real estate investment trusts (REITs) and preferred securities issued by U.S. and non-U.S. real estate companies. It employs a research-driven, bottom-up selection process to identify securities that offer attractive income yields while seeking to manage downside risk through diversification across sectors and geographies.
In its equity portfolio, the Fund typically holds shares of publicly traded REITs spanning property types such as industrial, office, retail, residential and specialty real estate.
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