136,023 Shares in Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. bought a new stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 136,023 shares of the investment management company’s stock, valued at approximately $2,761,000.

A number of other institutional investors also recently added to or reduced their stakes in RNP. Heritage Wealth Advisors acquired a new position in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth approximately $35,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 2nd quarter valued at $77,000. US Bancorp DE lifted its position in shares of Cohen & Steers REIT and Preferred Income Fund by 182.1% during the 3rd quarter. US Bancorp DE now owns 3,557 shares of the investment management company’s stock worth $80,000 after purchasing an additional 2,296 shares during the last quarter. Triumph Capital Management purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter worth $109,000. Finally, Cornerstone Wealth Management LLC lifted its position in shares of Cohen & Steers REIT and Preferred Income Fund by 14.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 10,693 shares of the investment management company’s stock worth $212,000 after purchasing an additional 1,347 shares during the last quarter.

Cohen & Steers REIT and Preferred Income Fund Trading Down 0.2%

Shares of RNP stock opened at $20.30 on Friday. The firm has a fifty day moving average price of $20.47 and a 200 day moving average price of $20.69. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 12 month low of $19.27 and a 12 month high of $22.58.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.136 per share. This represents a c) dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Tuesday, September 8th.

Cohen & Steers REIT and Preferred Income Fund 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.