Short Interest in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Declines By 92.2%

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,242 shares, a drop of 92.2% from the May 31st total of 28,636 shares. Based on an average trading volume of 169,180 shares, the short-interest ratio is presently 0.0 days.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

Shares of Cohen & Steers REIT and Preferred Income Fund stock traded down $0.04 during trading on Thursday, reaching $20.28. The company’s stock had a trading volume of 149,452 shares, compared to its average volume of 128,818. The company has a 50-day moving average price of $20.72 and a two-hundred day moving average price of $20.52. Cohen & Steers REIT and Preferred Income Fund has a fifty-two week low of $19.27 and a fifty-two week high of $22.99.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.136 per share. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Tuesday, September 8th.

Institutional Investors Weigh In On Cohen & Steers REIT and Preferred Income Fund

A number of institutional investors and hedge funds have recently made changes to their positions in RNP. Bank of America Corp DE grew its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 9.4% during the first quarter. Bank of America Corp DE now owns 600,823 shares of the investment management company’s stock worth $11,872,000 after buying an additional 51,660 shares during the last quarter. Royal Bank of Canada lifted its position in Cohen & Steers REIT and Preferred Income Fund by 2.4% during the 1st quarter. Royal Bank of Canada now owns 313,200 shares of the investment management company’s stock worth $6,189,000 after acquiring an additional 7,430 shares during the period. Independent Financial Group LLC purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 1st quarter valued at approximately $757,000. Fifth Third Bancorp grew its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 166.3% in the 1st quarter. Fifth Third Bancorp now owns 26,400 shares of the investment management company’s stock valued at $522,000 after purchasing an additional 16,487 shares during the last quarter. Finally, XML Financial LLC increased its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 34.5% in the first quarter. XML Financial LLC now owns 561,075 shares of the investment management company’s stock valued at $11,087,000 after purchasing an additional 144,035 shares during the period.

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.