Cohen & Steers Inc (NYSE:CNS – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $79.01 and last traded at $78.60, with a volume of 60702 shares trading hands. The stock had previously closed at $76.14.
Analyst Ratings Changes
Several analysts recently weighed in on CNS shares. Evercore restated an “outperform” rating and issued a $82.00 price target on shares of Cohen & Steers in a research note on Monday, June 8th. Weiss Ratings upgraded Cohen & Steers from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday. Finally, Zacks Research raised Cohen & Steers from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $75.00.
Read Our Latest Stock Report on CNS
Cohen & Steers Stock Performance
Cohen & Steers (NYSE:CNS – Get Free Report) last released its quarterly earnings results 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 firm had revenue of $144.26 million during the quarter, compared to analysts’ expectations of $140.62 million. Cohen & Steers had a return on equity of 27.60% and a net margin of 27.47%.The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter last year, the business earned $0.75 earnings per share. Analysts forecast that Cohen & Steers Inc will post 3.47 earnings per share for the current fiscal year.
Cohen & Steers Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Monday, May 11th were paid a $0.67 dividend. This represents a $2.68 annualized dividend and a dividend yield of 3.4%. The ex-dividend date was Monday, May 11th. Cohen & Steers’s dividend payout ratio is 88.45%.
Insider Buying and Selling
In other news, EVP Daniel Noonan sold 4,360 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $77.33, for a total value of $337,158.80. Following the transaction, the executive vice president owned 28,682 shares of the company’s stock, valued at $2,217,979.06. This trade represents a 13.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 45.40% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Kestra Advisory Services LLC purchased a new position in Cohen & Steers in the 4th quarter worth approximately $28,000. Geneos Wealth Management Inc. raised its stake in 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 purchasing an additional 297 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Cohen & Steers during the fourth quarter valued at $31,000. Caitong International Asset Management Co. Ltd lifted its position in 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 purchasing an additional 299 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its position in 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 purchasing an additional 536 shares during the last quarter. Hedge funds and other institutional investors own 51.47% of the company’s stock.
Cohen & Steers Company Profile
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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