Gabelli Comments on Cohen & Steers Inc.’s Q4 2016 Earnings (CNS)
Cohen & Steers Inc. (NYSE:CNS) – Research analysts at Gabelli decreased their Q4 2016 earnings per share (EPS) estimates for shares of Cohen & Steers in a research report issued on Wednesday. Gabelli analyst M. Sykes now forecasts that the firm will earn $0.52 per share for the quarter, down from their prior forecast of $0.54. Gabelli also issued estimates for Cohen & Steers’ FY2017 earnings at $2.25 EPS, FY2018 earnings at $2.50 EPS, FY2019 earnings at $2.80 EPS and FY2020 earnings at $3.10 EPS.
Several other equities analysts also recently weighed in on CNS. Zacks Investment Research downgraded Cohen & Steers from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Credit Suisse Group AG initiated coverage on Cohen & Steers in a research report on Thursday, July 14th. They set a “neutral” rating and a $42.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $44.25.
Shares of Cohen & Steers (NYSE:CNS) opened at 38.83 on Thursday. Cohen & Steers has a 52 week low of $26.72 and a 52 week high of $43.83. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 26.38 and a beta of 1.12. The company has a 50-day moving average price of $41.97 and a 200-day moving average price of $40.75.
Cohen & Steers (NYSE:CNS) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by $0.03. Cohen & Steers had a return on equity of 30.80% and a net margin of 20.12%. The business earned $86.40 million during the quarter, compared to analysts’ expectations of $86.12 million. During the same period in the previous year, the business earned $0.45 EPS. The business’s revenue was up 3.5% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Investors of record on Thursday, September 1st were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date of this dividend was Tuesday, August 30th. Cohen & Steers’s payout ratio is currently 73.24%.
Large investors have recently modified their holdings of the company. Aperio Group LLC boosted its stake in shares of Cohen & Steers by 1.6% in the first quarter. Aperio Group LLC now owns 7,546 shares of the company’s stock valued at $294,000 after buying an additional 118 shares in the last quarter. Teachers Advisors Inc. boosted its stake in shares of Cohen & Steers by 30.7% in the first quarter. Teachers Advisors Inc. now owns 48,235 shares of the company’s stock valued at $1,877,000 after buying an additional 11,337 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Cohen & Steers by 75.1% in the first quarter. BlackRock Inc. now owns 3,616 shares of the company’s stock valued at $141,000 after buying an additional 1,551 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Cohen & Steers by 3.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 584,132 shares of the company’s stock valued at $22,734,000 after buying an additional 19,425 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Cohen & Steers by 17.5% in the first quarter. Royce & Associates LP now owns 335,337 shares of the company’s stock valued at $13,051,000 after buying an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 44.35% of the company’s stock.
About Cohen & Steers
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.
Receive News & Stock Ratings for Cohen & Steers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohen & Steers Inc. and related stocks with our FREE daily email newsletter.