Cohen & Steers Inc. (cns) Declares Dividend of $0.76
Cohen & Steers Inc. (NYSE:cns) declared a dividend on Thursday, November 3rd. Shareholders of record on Wednesday, November 23rd will be given a dividend of 0.76 per share on Wednesday, December 14th. The ex-dividend date of this dividend is Monday, November 21st. This is an increase from Cohen & Steers’s previous dividend of $0.25.
Cohen & Steers (NYSE:CNS) opened at 33.70 on Wednesday. Cohen & Steers has a 52-week low of $26.72 and a 52-week high of $43.83. The company has a market cap of $1.55 billion, a PE ratio of 19.68 and a beta of 1.51. The firm has a 50-day moving average of $38.50 and a 200 day moving average of $40.23.
Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Wednesday, October 19th. The company reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. Cohen & Steers had a net margin of 21.24% and a return on equity of 32.61%. The business had revenue of $94.39 million for the quarter, compared to analyst estimates of $1.02 million. During the same quarter last year, the firm earned $0.28 EPS. Cohen & Steers’s quarterly revenue was up 18.4% compared to the same quarter last year. Equities research analysts expect that Cohen & Steers will post $1.89 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in CNS. Credit Suisse AG raised its position in shares of Cohen & Steers by 37.5% in the third quarter. Credit Suisse AG now owns 23,134 shares of the company’s stock worth $988,000 after buying an additional 6,306 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Cohen & Steers during the third quarter worth about $639,000. Principal Financial Group Inc. acquired a new stake in Cohen & Steers during the third quarter worth about $221,000. California State Teachers Retirement System increased its stake in Cohen & Steers by 0.9% in the third quarter. California State Teachers Retirement System now owns 44,212 shares of the company’s stock worth $1,890,000 after buying an additional 400 shares during the period. Finally, SG Americas Securities LLC increased its stake in Cohen & Steers by 21.7% in the third quarter. SG Americas Securities LLC now owns 3,747 shares of the company’s stock worth $160,000 after buying an additional 669 shares during the period. 43.50% of the stock is currently owned by hedge funds and other institutional investors.
Several research firms recently weighed in on CNS. Credit Suisse Group AG set a $42.00 price objective on shares of Cohen & Steers and gave the stock a “hold” rating in a research note on Sunday, September 18th. Keefe, Bruyette & Woods set a $45.00 price objective on shares of Cohen & Steers and gave the stock a “hold” rating in a research note on Friday, October 14th. Finally, Zacks Investment Research lowered shares of Cohen & Steers from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $44.40.
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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