Cohen & Steers (NYSE:CNS) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Cohen & Steers Inc (NYSE:CNS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $67.16 and traded as high as $77.25. Cohen & Steers shares last traded at $76.39, with a volume of 373,388 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Cohen & Steers from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. Evercore restated an “outperform” rating and issued a $82.00 price target on shares of Cohen & Steers in a report on Monday, June 8th. Finally, Zacks Research raised shares of Cohen & Steers from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $75.00.

Cohen & Steers Stock Up 2.3%

The stock has a 50 day simple moving average of $72.08 and a 200 day simple moving average of $67.23. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 2.12 and a beta of 1.25.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Thursday, April 16th. The asset manager reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.03). Cohen & Steers had a net margin of 27.47% and a return on equity of 27.60%. The business had revenue of $144.26 million during the quarter, compared to analyst estimates of $140.62 million. During the same period in the previous year, the business posted $0.75 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities analysts expect that Cohen & Steers Inc will post 3.47 earnings per share for the current year.

Cohen & Steers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Monday, May 11th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.68 annualized dividend and a dividend yield of 3.4%. Cohen & Steers’s payout ratio is presently 88.45%.

Insider Buying and Selling at Cohen & Steers

In related news, EVP Daniel Noonan sold 4,360 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $77.33, for a total value of $337,158.80. Following the transaction, the executive vice president owned 28,682 shares of the company’s stock, valued at approximately $2,217,979.06. This trade represents a 13.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 45.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CNS. EverSource Wealth Advisors LLC lifted its stake in Cohen & Steers by 88.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 610 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 287 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Cohen & Steers by 36.8% in the 1st quarter. California State Teachers Retirement System now owns 36,751 shares of the asset manager’s stock worth $2,299,000 after acquiring an additional 9,880 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Cohen & Steers by 4.4% in the first quarter. Royal Bank of Canada now owns 35,979 shares of the asset manager’s stock valued at $2,251,000 after purchasing an additional 1,516 shares during the last quarter. Quantinno Capital Management LP raised its holdings in shares of Cohen & Steers by 62.9% in the first quarter. Quantinno Capital Management LP now owns 30,815 shares of the asset manager’s stock valued at $1,928,000 after purchasing an additional 11,895 shares during the last quarter. Finally, Gabelli Funds LLC lifted its position in shares of Cohen & Steers by 38.0% during the first quarter. Gabelli Funds LLC now owns 190,395 shares of the asset manager’s stock valued at $11,909,000 after purchasing an additional 52,400 shares in the last quarter. Institutional investors own 51.47% of the company’s stock.

Cohen & Steers Company 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).