Virtu Financial LLC Makes New Investment in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Posted by on Jul 27th, 2023

Virtu Financial LLC purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP – Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,283 shares of the investment management company’s stock, valued at approximately $240,000.

A number of other institutional investors have also modified their holdings of RNP. Penserra Capital Management LLC purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the 1st quarter valued at about $5,700,000. Ellis Investment Partners LLC raised its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 19.7% during the 4th quarter. Ellis Investment Partners LLC now owns 912,789 shares of the investment management company’s stock valued at $18,603,000 after buying an additional 150,008 shares during the last quarter. International Assets Investment Management LLC purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at about $1,653,000. Bank of America Corp DE increased its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 9.7% in the 4th quarter. Bank of America Corp DE now owns 746,946 shares of the investment management company’s stock valued at $15,223,000 after purchasing an additional 65,963 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 4th quarter valued at about $1,250,000.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

Shares of Cohen & Steers REIT and Preferred Income Fund stock opened at $19.63 on Thursday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a twelve month low of $17.40 and a twelve month high of $25.67. The business has a 50-day moving average price of $18.61 and a 200 day moving average price of $19.80.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, September 13th will be paid a $0.136 dividend. The ex-dividend date is Tuesday, September 12th. This represents a $1.63 annualized dividend and a dividend yield of 8.31%.

Cohen & Steers REIT and Preferred Income Fund Company Profile

(Free Report)

Cohen & Steers REIT and Preferred Income Fund, Inc is a closed-ended balanced mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts.

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Institutional Ownership by Quarter for Cohen & Steers REIT and Preferred Income Fund (NYSE:RNP)

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