Short Interest in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Rises By 81.0%

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 28,636 shares, a growth of 81.0% from the May 14th total of 15,821 shares. Based on an average trading volume of 86,109 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Cohen & Steers REIT and Preferred Income Fund

Hedge funds have recently modified their holdings of the business. Future Financial Wealth Managment LLC boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 387.9% during the 4th quarter. Future Financial Wealth Managment LLC now owns 57,328 shares of the investment management company’s stock valued at $1,153,000 after buying an additional 45,578 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at $2,527,000. Shaker Financial Services LLC bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at $802,000. Koshinski Asset Management Inc. boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 157.1% during the 3rd quarter. Koshinski Asset Management Inc. now owns 204,968 shares of the investment management company’s stock valued at $4,608,000 after buying an additional 125,259 shares in the last quarter. Finally, XML Financial LLC boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 20.5% during the 4th quarter. XML Financial LLC now owns 417,040 shares of the investment management company’s stock valued at $8,282,000 after buying an additional 70,824 shares in the last quarter.

Cohen & Steers REIT and Preferred Income Fund Stock Up 0.1%

Shares of RNP stock traded up $0.02 during midday trading on Monday, reaching $20.53. 52,607 shares of the stock were exchanged, compared to its average volume of 127,627. Cohen & Steers REIT and Preferred Income Fund has a 1 year low of $19.27 and a 1 year high of $22.99. The company’s 50 day moving average is $20.77 and its two-hundred day moving average is $20.54.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.136 per share. The ex-dividend date is Tuesday, June 9th. This represents a c) dividend on an annualized basis 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.