Short Interest in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Increases By 98.7%

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 15,821 shares, an increase of 98.7% from the April 30th total of 7,964 shares. Based on an average trading volume of 75,142 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of Cohen & Steers REIT and Preferred Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the business. Readystate Asset Management LP bought a new position in Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at $4,794,000. Wells Fargo & Company MN grew its holdings in Cohen & Steers REIT and Preferred Income Fund by 41.3% during the fourth quarter. Wells Fargo & Company MN now owns 686,030 shares of the investment management company’s stock valued at $13,625,000 after purchasing an additional 200,429 shares during the period. Ameriprise Financial Inc. grew its holdings in Cohen & Steers REIT and Preferred Income Fund by 34.9% during the second 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 during the period. XML Financial LLC grew its holdings in Cohen & Steers REIT and Preferred Income Fund by 34.5% during the first quarter. XML Financial LLC now owns 561,075 shares of the investment management company’s stock valued at $11,087,000 after purchasing an additional 144,035 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at $2,527,000.

Cohen & Steers REIT and Preferred Income Fund Stock Up 0.4%

NYSE:RNP traded up $0.09 on Wednesday, hitting $20.86. The stock had a trading volume of 48,127 shares, compared to its average volume of 123,579. The business’s fifty day moving average is $20.58 and its 200 day moving average is $20.53. Cohen & Steers REIT and Preferred Income Fund has a 52 week low of $19.27 and a 52 week high of $22.99.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a $0.136 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a c) annualized dividend and a dividend yield of 7.8%.

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.