Cohen & Steers Inc (CNS) to Issue Quarterly Dividend of $0.62 on August 21st

Cohen & Steers Inc (NYSE:CNS) declared a quarterly dividend on Thursday, July 31st, RTT News reports. Investors of record on Monday, August 11th will be paid a dividend of 0.62 per share by the asset manager on Thursday, August 21st. This represents a c) dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, August 11th.

Cohen & Steers has a dividend payout ratio of 74.9% meaning its dividend is sufficiently covered by earnings.

Cohen & Steers Price Performance

NYSE CNS opened at $72.21 on Friday. The business has a fifty day moving average price of $75.91 and a two-hundred day moving average price of $79.52. The stock has a market capitalization of $3.68 billion, a PE ratio of 22.92, a PEG ratio of 2.37 and a beta of 1.32. Cohen & Steers has a fifty-two week low of $68.99 and a fifty-two week high of $110.67.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Thursday, July 17th. The asset manager reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.02). Cohen & Steers had a return on equity of 30.36% and a net margin of 29.82%. The business had revenue of $135.32 million for the quarter, compared to analyst estimates of $134.59 million. During the same period last year, the firm posted $0.68 EPS. Cohen & Steers’s quarterly revenue was up 11.8% on a year-over-year basis.

Hedge Funds Weigh In On Cohen & Steers

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Cohen & Steers by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 3,319,673 shares of the asset manager’s stock worth $306,539,000 after purchasing an additional 22,012 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Cohen & Steers by 5.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,058,309 shares of the asset manager’s stock valued at $84,929,000 after buying an additional 53,876 shares during the last quarter. Boston Trust Walden Corp boosted its position in Cohen & Steers by 1.3% during the 2nd quarter. Boston Trust Walden Corp now owns 922,895 shares of the asset manager’s stock worth $69,540,000 after buying an additional 11,464 shares during the period. Invesco Ltd. grew its holdings in Cohen & Steers by 5.8% during the 4th quarter. Invesco Ltd. now owns 883,805 shares of the asset manager’s stock worth $81,611,000 after acquiring an additional 48,683 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Cohen & Steers by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 724,849 shares of the asset manager’s stock valued at $66,946,000 after acquiring an additional 15,526 shares during the period. Institutional investors and hedge funds own 51.47% of the company’s stock.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a holding company, which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.