According to Zacks, “Cohen & Steers, Inc. is a leading manager of income-oriented equity portfolios and specializes in common and preferred stocks of REITs and utilities, as well as other preferred securities. Based in New York City, the firm serves individual and institutional investors through a wide range of open-end funds, closed-end funds and separate accounts. “
Separately, Credit Suisse Group AG reaffirmed a hold rating and set a $42.00 price target on shares of Cohen & Steers in a research note on Thursday, September 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $44.40.
Cohen & Steers (NYSE:CNS) opened at 38.81 on Tuesday. The company’s 50 day moving average is $41.85 and its 200-day moving average is $40.76. Cohen & Steers has a 52 week low of $26.72 and a 52 week high of $43.83. The firm has a market cap of $1.78 billion, a P/E ratio of 26.37 and a beta of 1.12.
Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.03. The company had revenue of $86.40 million for the quarter, compared to analysts’ expectations of $86.12 million. Cohen & Steers had a return on equity of 30.80% and a net margin of 20.12%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS. Equities analysts expect that Cohen & Steers will post $1.88 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, September 1st were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Tuesday, August 30th. Cohen & Steers’s dividend payout ratio is presently 73.24%.
Several institutional investors have recently modified their holdings of CNS. Aperio Group LLC increased its position in shares of Cohen & Steers by 1.6% in the first quarter. Aperio Group LLC now owns 7,546 shares of the company’s stock worth $294,000 after buying an additional 118 shares in the last quarter. American International Group Inc. increased its position in shares of Cohen & Steers by 1.3% in the second quarter. American International Group Inc. now owns 12,028 shares of the company’s stock worth $486,000 after buying an additional 154 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its position in shares of Cohen & Steers by 1.6% in the second quarter. Metropolitan Life Insurance Co. NY now owns 14,543 shares of the company’s stock worth $588,000 after buying an additional 236 shares in the last quarter. Eagle Boston Investment Management Inc. increased its position in shares of Cohen & Steers by 1.0% in the third quarter. Eagle Boston Investment Management Inc. now owns 31,601 shares of the company’s stock worth $1,350,000 after buying an additional 327 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Cohen & Steers by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 2,862 shares of the company’s stock worth $116,000 after buying an additional 352 shares in the last quarter. 44.35% of the stock is currently owned by institutional investors and hedge funds.
Cohen & Steers Company Profile
Cohen & Steers, Inc is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors around the world.
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