Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lessened its stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 29.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,406 shares of the investment management company’s stock after selling 48,757 shares during the quarter. Kestra Advisory Services LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $2,340,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Future Financial Wealth Managment LLC raised its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 387.9% during the fourth quarter. Future Financial Wealth Managment LLC now owns 57,328 shares of the investment management company’s stock valued at $1,153,000 after purchasing an additional 45,578 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the fourth quarter worth $2,527,000. XML Financial LLC boosted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 34.5% in 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. Shaker Financial Services LLC purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the fourth quarter valued at $802,000. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Cohen & Steers REIT and Preferred Income Fund by 809.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 137,222 shares of the investment management company’s stock valued at $2,725,000 after purchasing an additional 122,129 shares in the last quarter.

Cohen & Steers REIT and Preferred Income Fund Stock Up 0.1%

RNP opened at $20.63 on Monday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a twelve month low of $19.27 and a twelve month high of $22.78. The company has a fifty day simple moving average of $20.62 and a 200 day simple moving average of $20.63.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be given a $0.136 dividend. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Tuesday, September 8th.

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.