Raymond James & Associates Grows Position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Raymond James & Associates grew its stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP – Free Report) by 11.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 214,562 shares of the investment management company’s stock after buying an additional 22,640 shares during the quarter. Raymond James & Associates’ holdings in Cohen & Steers REIT and Preferred Income Fund were worth $4,075,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Penserra Capital Management LLC bought a new stake in Cohen & Steers REIT and Preferred Income Fund during the 1st quarter worth approximately $5,700,000. Bank of America Corp DE lifted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 9.7% during 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 buying an additional 65,963 shares in the last quarter. EP Wealth Advisors LLC bought a new position in Cohen & Steers REIT and Preferred Income Fund in the 1st quarter worth $441,000. Ellis Investment Partners LLC increased its stake in Cohen & Steers REIT and Preferred Income Fund by 4.8% in the 1st quarter. Ellis Investment Partners LLC now owns 956,683 shares of the investment management company’s stock worth $18,665,000 after buying an additional 43,894 shares in the last quarter. Finally, Brookstone Capital Management bought a new stake in Cohen & Steers REIT and Preferred Income Fund during the second quarter valued at about $841,000.

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Cohen & Steers REIT and Preferred Income Fund Price Performance

RNP stock opened at $15.54 on Thursday. The company’s fifty day moving average price is $17.64 and its 200-day moving average price is $18.40. Cohen & Steers REIT and Preferred Income Fund, Inc. has a one year low of $15.52 and a one year high of $24.45.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 13th will be paid a $0.136 dividend. This represents a $1.63 annualized dividend and a yield of 10.50%. The ex-dividend date of this dividend is Tuesday, December 12th.

Cohen & Steers REIT and Preferred Income Fund 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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