Cohen & Steers (CNS) Earning Somewhat Positive News Coverage, Report Shows
Press coverage about Cohen & Steers (NYSE:CNS) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cohen & Steers earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the asset manager an impact score of 46.5038333206828 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Cohen & Steers (CNS) traded up 0.22% on Wednesday, reaching $40.91. 19,334 shares of the company’s stock were exchanged. The stock has a market capitalization of $1.89 billion, a PE ratio of 19.48 and a beta of 1.61. Cohen & Steers has a 12 month low of $33.16 and a 12 month high of $42.99. The firm has a 50 day moving average of $38.67 and a 200 day moving average of $39.77.
Cohen & Steers (NYSE:CNS) last announced its earnings results on Wednesday, July 19th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. Cohen & Steers had a net margin of 26.34% and a return on equity of 33.17%. The business had revenue of $92.80 million for the quarter, compared to analyst estimates of $92.52 million. During the same quarter in the previous year, the firm posted $0.46 earnings per share. Cohen & Steers’s revenue was up 7.4% compared to the same quarter last year. Equities analysts predict that Cohen & Steers will post $2.03 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 21st. Shareholders of record on Friday, September 1st were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.74%. The ex-dividend date was Wednesday, August 30th. Cohen & Steers’s dividend payout ratio (DPR) is presently 54.37%.
A number of research firms have commented on CNS. BidaskClub downgraded shares of Cohen & Steers from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Zacks Investment Research downgraded shares of Cohen & Steers from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $45.67.
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In other Cohen & Steers news, insider John Todd Glickson sold 6,700 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $39.72, for a total value of $266,124.00. Following the sale, the insider now owns 36,738 shares of the company’s stock, valued at approximately $1,459,233.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 52.90% of the company’s stock.
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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