Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP Stake Lifted by Ellis Investment Partners LLC

Ellis Investment Partners LLC lifted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 2.9% in the third quarter, HoldingsChannel reports. The institutional investor owned 1,341,379 shares of the investment management company’s stock after buying an additional 37,913 shares during the period. Cohen & Steers REIT and Preferred Income Fund makes up about 3.7% of Ellis Investment Partners LLC’s holdings, making the stock its 6th largest holding. Ellis Investment Partners LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $25,017,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of RNP. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 9.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,123 shares of the investment management company’s stock valued at $327,000 after buying an additional 1,395 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Cohen & Steers REIT and Preferred Income Fund during the 2nd quarter valued at $44,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the second quarter valued at $77,000. Royal Bank of Canada raised its position in shares of Cohen & Steers REIT and Preferred Income Fund by 2.4% in the first quarter. Royal Bank of Canada now owns 313,200 shares of the investment management company’s stock valued at $6,189,000 after purchasing an additional 7,430 shares during the period. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 2nd quarter worth about $218,000.

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

Shares of NYSE:RNP traded down $0.12 during trading on Wednesday, reaching $18.39. 50,098 shares of the stock were exchanged, compared to its average volume of 122,573. The stock has a 50-day moving average price of $19.44 and a 200-day moving average price of $20.22. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 12 month low of $18.01 and a 12 month high of $21.88.

Cohen & Steers REIT and Preferred Income Fund Profile

Cohen & Steers REIT and Preferred Income Fund (NYSE: RNP) is a closed-end investment fund managed by Cohen & Steers Capital Management. The fund seeks to provide high current income and capital appreciation by investing primarily in real estate investment trusts (REITs), other real estate companies, and preferred securities.

RNP’s portfolio may include common and preferred stocks of companies involved in the ownership, development, management, and financing of commercial and residential real estate.