Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP – Get Free Report) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 2,242 shares, a decrease of 92.2% from the May 31st total of 28,636 shares. Based on an average daily trading volume, of 169,180 shares, the days-to-cover ratio is presently 0.0 days.
Hedge Funds Weigh In On Cohen & Steers REIT and Preferred Income Fund
Hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 8.3% during the third quarter. PNC Financial Services Group Inc. now owns 14,934 shares of the investment management company’s stock valued at $336,000 after acquiring an additional 1,145 shares during the last quarter. Cornerstone Wealth Management LLC grew its stake in Cohen & Steers REIT and Preferred Income Fund by 14.4% in the 4th quarter. Cornerstone Wealth Management LLC now owns 10,693 shares of the investment management company’s stock valued at $212,000 after purchasing an additional 1,347 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 9.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,468 shares of the investment management company’s stock valued at $327,000 after purchasing an additional 1,356 shares during the last quarter. Heritage Wealth Advisors purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at $35,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 9.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,716 shares of the investment management company’s stock worth $419,000 after purchasing an additional 1,850 shares during the period.
Cohen & Steers REIT and Preferred Income Fund Stock Performance
Shares of NYSE RNP traded up $0.22 during trading on Friday, hitting $20.43. The stock had a trading volume of 91,153 shares, compared to its average volume of 128,506. The firm has a fifty day moving average of $20.71 and a two-hundred day moving average of $20.52. Cohen & Steers REIT and Preferred Income Fund has a 12 month low of $19.27 and a 12 month high of $22.99.
Cohen & Steers REIT and Preferred Income Fund Announces Dividend
Cohen & Steers REIT and Preferred Income Fund Company 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.
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