Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) To Go Ex-Dividend on September 8th

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) announced a monthly dividend on Monday, June 22nd. Stockholders of record on Tuesday, September 8th will be paid a dividend of 0.136 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Tuesday, September 8th.

Cohen & Steers REIT and Preferred Income Fund Trading Up 1.4%

Shares of NYSE RNP opened at $20.35 on Wednesday. The firm has a 50-day simple moving average of $20.73 and a 200-day simple moving average of $20.52. Cohen & Steers REIT and Preferred Income Fund has a 52 week low of $19.27 and a 52 week high of $22.99.

Institutional Trading of Cohen & Steers REIT and Preferred Income Fund

A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 8.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,934 shares of the investment management company’s stock worth $336,000 after purchasing an additional 1,145 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 14.4% in the fourth quarter. Cornerstone Wealth Management LLC now owns 10,693 shares of the investment management company’s stock valued at $212,000 after purchasing an additional 1,347 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Cohen & Steers REIT and Preferred Income Fund by 9.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,468 shares of the investment management company’s stock worth $327,000 after buying an additional 1,356 shares in the last quarter. Heritage Wealth Advisors purchased a new position in Cohen & Steers REIT and Preferred Income Fund during the fourth quarter worth approximately $35,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Cohen & Steers REIT and Preferred Income Fund by 9.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,716 shares of the investment management company’s stock worth $419,000 after buying an additional 1,850 shares during the last quarter.

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.