Koshinski Asset Management Inc. Increases Position in Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP

Koshinski Asset Management Inc. lifted its holdings in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 157.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 204,968 shares of the investment management company’s stock after buying an additional 125,259 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $4,608,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. D.A. Davidson & CO. grew its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 4.9% in the second quarter. D.A. Davidson & CO. now owns 10,754 shares of the investment management company’s stock worth $245,000 after purchasing an additional 500 shares during the last quarter. AlphaCore Capital LLC boosted its position in Cohen & Steers REIT and Preferred Income Fund by 10.1% in the 2nd quarter. AlphaCore Capital LLC now owns 33,997 shares of the investment management company’s stock valued at $774,000 after buying an additional 3,108 shares during the period. Commonwealth Equity Services LLC grew its stake in Cohen & Steers REIT and Preferred Income Fund by 29.2% in the 3rd quarter. Commonwealth Equity Services LLC now owns 242,100 shares of the investment management company’s stock worth $5,442,000 after acquiring an additional 54,716 shares in the last quarter. XML Financial LLC increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 10.4% during the third quarter. XML Financial LLC now owns 346,216 shares of the investment management company’s stock worth $7,783,000 after acquiring an additional 32,510 shares during the period. Finally, Ellis Investment Partners LLC raised its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 1.1% during the third quarter. Ellis Investment Partners LLC now owns 1,213,062 shares of the investment management company’s stock valued at $27,270,000 after acquiring an additional 13,400 shares in the last quarter.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of NYSE:RNP opened at $21.49 on Friday. The business’s 50 day moving average is $20.30 and its 200 day moving average is $21.10. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 52-week low of $19.00 and a 52-week high of $22.99.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be issued a $0.136 dividend. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Tuesday, March 10th.

About Cohen & Steers REIT and Preferred Income Fund

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.