ProShare Advisors LLC Purchases 9,661 Shares of Cohen & Steers Inc $CNS

ProShare Advisors LLC boosted its position in shares of Cohen & Steers Inc (NYSE:CNS) by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,595 shares of the asset manager’s stock after purchasing an additional 9,661 shares during the period. ProShare Advisors LLC’s holdings in Cohen & Steers were worth $6,315,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Wasatch Advisors LP boosted its position in Cohen & Steers by 15.1% in the 2nd quarter. Wasatch Advisors LP now owns 2,465,698 shares of the asset manager’s stock valued at $185,790,000 after buying an additional 323,759 shares during the period. Freestone Grove Partners LP purchased a new stake in Cohen & Steers in the 3rd quarter valued at about $12,138,000. Gabelli Funds LLC purchased a new stake in Cohen & Steers in the 4th quarter valued at about $8,663,000. Northwestern Mutual Wealth Management Co. boosted its position in Cohen & Steers by 1,490.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 144,193 shares of the asset manager’s stock valued at $9,052,000 after buying an additional 135,127 shares during the period. Finally, Balyasny Asset Management L.P. boosted its position in Cohen & Steers by 107.4% in the 2nd quarter. Balyasny Asset Management L.P. now owns 190,077 shares of the asset manager’s stock valued at $14,322,000 after buying an additional 98,431 shares during the period. 51.47% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CNS. Weiss Ratings raised Cohen & Steers from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Evercore set a $76.00 target price on Cohen & Steers in a research report on Monday, April 20th. Finally, Zacks Research raised Cohen & Steers from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Cohen & Steers has a consensus rating of “Hold” and a consensus price target of $72.00.

Cohen & Steers Stock Down 0.4%

Shares of NYSE CNS opened at $71.85 on Friday. The business has a fifty day simple moving average of $66.58 and a two-hundred day simple moving average of $65.45. The firm has a market cap of $3.69 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 2.05 and a beta of 1.27. Cohen & Steers Inc has a twelve month low of $58.39 and a twelve month high of $78.86.

Cohen & Steers (NYSE:CNS) last issued its earnings results on Thursday, April 16th. The asset manager reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.03). Cohen & Steers had a net margin of 27.47% and a return on equity of 27.60%. The firm had revenue of $144.26 million for the quarter, compared to the consensus estimate of $140.62 million. During the same period last year, the firm earned $0.75 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, research analysts expect that Cohen & Steers Inc will post 3.38 earnings per share for the current year.

Cohen & Steers Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Monday, May 11th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, May 11th. Cohen & Steers’s dividend payout ratio is presently 88.45%.

Cohen & Steers Profile

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).