Cohen & Steers REIT and Preferred Income Fund, Inc. (RNP) To Go Ex-Dividend on July 14th

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) announced a monthly dividend on Monday, June 22nd. Stockholders of record on Tuesday, July 14th will be paid a dividend of 0.136 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend is Tuesday, July 14th.

Cohen & Steers REIT and Preferred Income Fund Stock Up 1.4%

Shares of Cohen & Steers REIT and Preferred Income Fund stock opened at $20.35 on Wednesday. The business has a 50-day simple moving average of $20.73 and a 200 day simple moving average of $20.52. Cohen & Steers REIT and Preferred Income Fund has a one year low of $19.27 and a one year high of $22.99.

Institutional Investors Weigh In On Cohen & Steers REIT and Preferred Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of RNP. Focus Partners Wealth raised its position in shares of Cohen & Steers REIT and Preferred Income Fund by 414.6% during the first quarter. Focus Partners Wealth now owns 20,182 shares of the investment management company’s stock worth $445,000 after purchasing an additional 16,260 shares during the period. Raymond James Financial Inc. increased its stake in Cohen & Steers REIT and Preferred Income Fund by 1.9% during the 2nd quarter. Raymond James Financial Inc. now owns 705,164 shares of the investment management company’s stock valued at $16,057,000 after purchasing an additional 13,218 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Cohen & Steers REIT and Preferred Income Fund by 34.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 592,522 shares of the investment management company’s stock valued at $13,491,000 after purchasing an additional 153,288 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in Cohen & Steers REIT and Preferred Income Fund by 12.8% during the third quarter. Envestnet Asset Management Inc. now owns 16,371 shares of the investment management company’s stock worth $368,000 after buying an additional 1,852 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Cohen & Steers REIT and Preferred Income Fund by 8.3% during the third quarter. PNC Financial Services Group Inc. now owns 14,934 shares of the investment management company’s stock worth $336,000 after buying an additional 1,145 shares during the last quarter.

Cohen & Steers REIT and Preferred Income Fund Company Profile

Cohen & Steers® REIT and Preferred Income Fund, Inc (NYSE: RNP) is a closed-end management investment company that seeks to provide current income and, to a lesser extent, capital appreciation. The Fund pursues its objectives by investing primarily in equity real estate investment trusts (REITs) and preferred securities issued by U.S. and non-U.S. real estate companies. It employs a research-driven, bottom-up selection process to identify securities that offer attractive income yields while seeking to manage downside risk through diversification across sectors and geographies.

In its equity portfolio, the Fund typically holds shares of publicly traded REITs spanning property types such as industrial, office, retail, residential and specialty real estate.