Readystate Asset Management LP Sells 213,694 Shares of Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP

Readystate Asset Management LP cut its position in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 88.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,676 shares of the investment management company’s stock after selling 213,694 shares during the quarter. Readystate Asset Management LP’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $547,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in shares of Cohen & Steers REIT and Preferred Income Fund by 41.3% during the 4th quarter. Wells Fargo & Company MN now owns 686,030 shares of the investment management company’s stock worth $13,625,000 after buying an additional 200,429 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 34.9% in the second quarter. Ameriprise Financial Inc. now owns 592,522 shares of the investment management company’s stock valued at $13,491,000 after acquiring an additional 153,288 shares in the last quarter. XML Financial LLC grew 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 acquiring an additional 144,035 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at approximately $2,527,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 809.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 137,222 shares of the investment management company’s stock valued at $2,725,000 after acquiring an additional 122,129 shares during the last quarter.

Cohen & Steers REIT and Preferred Income Fund Trading Down 0.6%

Shares of Cohen & Steers REIT and Preferred Income Fund stock opened at $20.62 on Thursday. The business’s fifty day simple moving average is $20.58 and its 200 day simple moving average is $20.66. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 12 month low of $19.27 and a 12 month high of $22.58.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

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

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.