Several other analysts also recently issued reports on CNS. Zacks Investment Research downgraded Cohen & Steers from a buy rating to a hold rating in a research report on Tuesday, October 11th. Credit Suisse Group AG set a $42.00 target price on Cohen & Steers and gave the stock a hold rating in a research report on Sunday, September 18th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Cohen & Steers has an average rating of Buy and a consensus price target of $44.40.
Shares of Cohen & Steers (NYSE:CNS) opened at 38.57 on Friday. The company’s 50 day moving average price is $41.61 and its 200-day moving average price is $40.78. Cohen & Steers has a 12 month low of $26.72 and a 12 month high of $43.83. The firm has a market capitalization of $1.77 billion, a P/E ratio of 26.20 and a beta of 1.12.
Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Cohen & Steers had a net margin of 20.12% and a return on equity of 30.80%. The company earned $86.40 million during the quarter, compared to analysts’ expectations of $86.12 million. During the same quarter in the prior year, the company earned $0.45 earnings per share. The firm’s revenue was up 3.5% compared to the same quarter last year. On average, equities analysts predict that Cohen & Steers will post $1.88 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, September 1st were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, August 30th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.70%. Cohen & Steers’s dividend payout ratio is 73.24%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Huntington National Bank acquired a new position in shares of Cohen & Steers during the second quarter worth $109,000. BNP Paribas Arbitrage SA increased its position in shares of Cohen & Steers by 59.4% in the third quarter. BNP Paribas Arbitrage SA now owns 2,566 shares of the company’s stock worth $110,000 after buying an additional 956 shares in the last quarter. 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. Barclays PLC acquired a new position in shares of Cohen & Steers during the second quarter worth $118,000. Finally, Societe Generale acquired a new position in shares of Cohen & Steers during the second quarter worth $124,000. Institutional investors and hedge funds own 44.35% of the company’s stock.
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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