Cohen & Steers Inc (NYSE:CNS) Receives $44.50 Consensus PT from Brokerages
Shares of Cohen & Steers Inc (NYSE:CNS) have earned a consensus rating of “Hold” from the six research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $44.50.
CNS has been the topic of several research analyst reports. Zacks Investment Research raised shares of Cohen & Steers from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Thursday, June 15th. BidaskClub raised shares of Cohen & Steers from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th.
A number of institutional investors have recently modified their holdings of CNS. State Street Corp boosted its position in shares of Cohen & Steers by 8.5% in the fourth quarter. State Street Corp now owns 398,363 shares of the asset manager’s stock worth $13,382,000 after buying an additional 31,329 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Cohen & Steers by 10.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 552,254 shares of the asset manager’s stock worth $18,556,000 after buying an additional 51,958 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Cohen & Steers by 1.1% in the fourth quarter. AQR Capital Management LLC now owns 8,315 shares of the asset manager’s stock worth $279,000 after buying an additional 92 shares in the last quarter. Norges Bank acquired a new position in shares of Cohen & Steers during the fourth quarter worth about $5,154,000. Finally, Highbridge Capital Management LLC acquired a new position in shares of Cohen & Steers during the fourth quarter worth about $2,205,000. 45.43% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Cohen & Steers (NYSE CNS) traded up 0.99% during trading on Tuesday, reaching $40.82. The company had a trading volume of 51,875 shares. The stock has a market capitalization of $1.89 billion, a price-to-earnings ratio of 19.83 and a beta of 1.54. Cohen & Steers has a 52-week low of $33.16 and a 52-week high of $43.47. The stock has a 50 day moving average of $41.21 and a 200 day moving average of $38.81.
Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Wednesday, July 19th. The asset manager reported $0.50 EPS for the quarter, topping the consensus estimate of $0.49 by $0.01. Cohen & Steers had a net margin of 26.34% and a return on equity of 33.77%. The business had revenue of $92.80 million for the quarter, compared to analysts’ expectations of $92.52 million. During the same quarter last year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities research analysts forecast that Cohen & Steers will post $2.01 EPS for the current year.
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About Cohen & Steers
Cohen & Steers, Inc (CNS) 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.
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