38,334 Shares in Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP Bought by Independent Financial Group LLC

Independent Financial Group LLC bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 38,334 shares of the investment management company’s stock, valued at approximately $757,000.

Other hedge funds have also bought and sold shares of the company. Heritage Wealth Advisors bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the fourth quarter worth about $35,000. Murphy Middleton Hinkle & Parker Inc. bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at approximately $59,000. US Bancorp DE grew its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 182.1% during the 3rd quarter. US Bancorp DE now owns 3,557 shares of the investment management company’s stock valued at $80,000 after acquiring an additional 2,296 shares during the period. Triumph Capital Management purchased a new stake in Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter worth approximately $109,000. Finally, Cornerstone Wealth Management LLC raised its stake in Cohen & Steers REIT and Preferred Income Fund by 14.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 10,693 shares of the investment management company’s stock worth $212,000 after acquiring an additional 1,347 shares during the period.

Cohen & Steers REIT and Preferred Income Fund Stock Up 0.1%

Shares of NYSE:RNP opened at $20.59 on Wednesday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 1-year low of $19.27 and a 1-year high of $22.78. The firm’s 50 day simple moving average is $20.59 and its two-hundred day simple moving average is $20.64.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.136 per share. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Tuesday, September 8th.

Cohen & Steers REIT and Preferred Income Fund Company Profile

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.