Commonwealth Equity Services LLC Has $3.73 Million Stock Holdings in Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP

Commonwealth Equity Services LLC cut its holdings in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 22.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 187,705 shares of the investment management company’s stock after selling 54,395 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $3,728,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC lifted its stake in Cohen & Steers REIT and Preferred Income Fund by 387.9% in the fourth quarter. Future Financial Wealth Managment LLC now owns 57,328 shares of the investment management company’s stock valued at $1,153,000 after acquiring an additional 45,578 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in Cohen & Steers REIT and Preferred Income Fund in the fourth quarter valued at approximately $2,527,000. Shaker Financial Services LLC acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the fourth quarter worth $802,000. Koshinski Asset Management Inc. lifted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 157.1% in the third quarter. Koshinski Asset Management Inc. now owns 204,968 shares of the investment management company’s stock worth $4,608,000 after buying an additional 125,259 shares during the last quarter. Finally, XML Financial LLC lifted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 20.5% in the fourth quarter. XML Financial LLC now owns 417,040 shares of the investment management company’s stock worth $8,282,000 after buying an additional 70,824 shares during the last quarter.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

Shares of Cohen & Steers REIT and Preferred Income Fund stock opened at $20.64 on Tuesday. The firm has a fifty day simple moving average of $20.69 and a 200-day simple moving average of $20.53. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 1-year low of $19.27 and a 1-year high of $22.99.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a $0.136 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Tuesday, June 9th.

Cohen & Steers REIT and Preferred Income Fund 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.