Koshinski Asset Management Inc. Decreases Stock Holdings in Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP

Koshinski Asset Management Inc. trimmed its holdings in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 52.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,710 shares of the investment management company’s stock after selling 108,258 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $1,921,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of RNP. Focus Partners Wealth lifted its stake in Cohen & Steers REIT and Preferred Income Fund by 414.6% in the 1st 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 in the last quarter. Raymond James Financial Inc. increased its holdings in shares of 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 worth $16,057,000 after buying an additional 13,218 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of 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 worth $13,491,000 after buying an additional 153,288 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter worth approximately $89,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter worth approximately $38,000.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

Shares of NYSE RNP opened at $21.34 on Friday. The company has a 50 day simple moving average of $20.70 and a 200-day simple moving average of $20.59. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 1 year low of $19.27 and a 1 year high of $22.99.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.136 per share. The ex-dividend date is Tuesday, June 9th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

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.