Keefe, Bruyette & Woods Analysts Give Cohen & Steers Inc. (CNS) a $45.00 Price Target
Cohen & Steers Inc. (NYSE:CNS) has been given a $45.00 target price by equities research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Friday. The firm currently has a a “hold” rating on the stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 16.31% from the company’s previous close.
CNS has been the subject of several other reports. Zacks Investment Research cut Cohen & Steers from a “hold” rating to a “sell” rating in a research note on Tuesday, September 13th. Credit Suisse Group AG started coverage on Cohen & Steers in a research note on Thursday, July 14th. They issued a “neutral” rating and a $42.00 price objective for the company. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Cohen & Steers has an average rating of “Buy” and an average target price of $44.40.
Cohen & Steers (NYSE:CNS) traded down 0.812% on Friday, reaching $38.495. The company’s stock had a trading volume of 34,677 shares. The firm has a 50-day moving average of $41.85 and a 200 day moving average of $40.76. Cohen & Steers has a 12-month low of $26.72 and a 12-month high of $43.83. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 26.151 and a beta of 1.12.
Cohen & Steers (NYSE:CNS) last announced its quarterly earnings data on Wednesday, July 20th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.03. Cohen & Steers had a return on equity of 30.80% and a net margin of 20.12%. The firm earned $86.40 million during the quarter, compared to analysts’ expectations of $86.12 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities research analysts anticipate that Cohen & Steers will post $1.88 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, September 1st were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.69%. The ex-dividend date was Tuesday, August 30th. Cohen & Steers’s dividend payout ratio is currently 73.24%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Huntington National Bank bought a new position in shares of Cohen & Steers during the second quarter valued at $109,000. BNP Paribas Arbitrage SA boosted its position in shares of Cohen & Steers by 59.4% in the third quarter. BNP Paribas Arbitrage SA now owns 2,566 shares of the company’s stock valued at $110,000 after buying an additional 956 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Cohen & Steers by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 2,862 shares of the company’s stock valued at $116,000 after buying an additional 352 shares in the last quarter. Barclays PLC bought a new position in shares of Cohen & Steers during the second quarter valued at $118,000. Finally, Societe Generale bought a new position in shares of Cohen & Steers during the second quarter valued at $124,000. Institutional investors own 44.35% of the company’s stock.
Cohen & Steers Company Profile
Cohen & Steers, Inc is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors around the world.
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