Short Interest in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Increases By 111.3%

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 4,738 shares, a growth of 111.3% from the June 15th total of 2,242 shares. Based on an average daily volume of 122,257 shares, the days-to-cover ratio is currently 0.0 days.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of RNP stock traded up $0.01 during trading hours on Wednesday, reaching $20.53. The company had a trading volume of 84,766 shares, compared to its average volume of 126,647. Cohen & Steers REIT and Preferred Income Fund has a 12-month low of $19.27 and a 12-month high of $22.78. The stock has a fifty day moving average of $20.66 and a 200-day moving average of $20.61.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be issued a $0.136 dividend. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Tuesday, September 8th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cornerstone Wealth Management LLC boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 14.4% in the 4th quarter. Cornerstone Wealth Management LLC now owns 10,693 shares of the investment management company’s stock valued at $212,000 after buying an additional 1,347 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Cohen & Steers REIT and Preferred Income Fund by 9.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,468 shares of the investment management company’s stock worth $327,000 after acquiring an additional 1,356 shares in the last quarter. Heritage Wealth Advisors purchased a new stake in Cohen & Steers REIT and Preferred Income Fund in the fourth quarter valued at $35,000. Wealth Enhancement Advisory Services LLC lifted its position in Cohen & Steers REIT and Preferred Income Fund by 9.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,716 shares of the investment management company’s stock valued at $419,000 after acquiring an additional 1,850 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Cohen & Steers REIT and Preferred Income Fund by 12.8% in the third quarter. Envestnet Asset Management Inc. now owns 16,371 shares of the investment management company’s stock valued at $368,000 after acquiring an additional 1,852 shares in the last quarter.

About Cohen & Steers REIT and Preferred Income Fund

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.