Cohen & Steers Inc (NYSE:CNS – Get Free Report) EVP Daniel Noonan sold 4,360 shares of the business’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $77.33, for a total transaction of $337,158.80. Following the sale, the executive vice president directly owned 28,682 shares in the company, valued at approximately $2,217,979.06. This trade represents a 13.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Cohen & Steers Trading Down 2.5%
NYSE CNS opened at $74.63 on Thursday. Cohen & Steers Inc has a 1-year low of $58.39 and a 1-year high of $78.81. The company has a market capitalization of $3.84 billion, a PE ratio of 24.63, a price-to-earnings-growth ratio of 2.18 and a beta of 1.25. The firm’s fifty day simple moving average is $70.49 and its 200-day simple moving average is $66.60.
Cohen & Steers (NYSE:CNS – Get Free Report) last issued its quarterly earnings data on Thursday, April 16th. The asset manager reported $0.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.03). The business had revenue of $144.26 million during the quarter, compared to the consensus estimate of $140.62 million. Cohen & Steers had a return on equity of 27.60% and a net margin of 27.47%.The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 earnings per share. As a group, analysts predict that Cohen & Steers Inc will post 3.38 EPS for the current year.
Cohen & Steers Announces Dividend
Analyst Upgrades and Downgrades
A number of research firms have issued reports on CNS. Weiss Ratings upgraded shares of Cohen & Steers from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Evercore restated an “outperform” rating and set a $82.00 price target on shares of Cohen & Steers in a report on Monday, June 8th. Finally, Zacks Research upgraded shares of Cohen & Steers from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $75.00.
View Our Latest Stock Analysis on Cohen & Steers
Institutional Investors Weigh In On Cohen & Steers
Hedge funds have recently bought and sold shares of the company. Kestra Advisory Services LLC bought a new stake in Cohen & Steers during the fourth quarter valued at about $28,000. Geneos Wealth Management Inc. raised its position in shares of Cohen & Steers by 345.3% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after buying an additional 297 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Cohen & Steers during the fourth quarter valued at about $31,000. Caitong International Asset Management Co. Ltd raised its position in shares of Cohen & Steers by 110.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager’s stock valued at $36,000 after buying an additional 299 shares during the last quarter. Finally, Hantz Financial Services Inc. raised its position in shares of Cohen & Steers by 754.9% during the fourth quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock valued at $38,000 after buying an additional 536 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors.
About Cohen & Steers
Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.
The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).
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