Cohen & Steers REIT and Preferred Income Fund (NYSE:RNP) Stock Passes Above 200-Day Moving Average of $19.32

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.32 and traded as high as $20.12. Cohen & Steers REIT and Preferred Income Fund shares last traded at $20.02, with a volume of 118,078 shares trading hands.

Cohen & Steers REIT and Preferred Income Fund Price Performance

The company has a 50-day moving average price of $20.32 and a 200-day moving average price of $19.32.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be given a $0.136 dividend. This represents a $1.63 annualized dividend and a dividend yield of 8.15%. The ex-dividend date of this dividend is Tuesday, June 11th.

Institutional Investors Weigh In On Cohen & Steers REIT and Preferred Income Fund

A number of institutional investors have recently added to or reduced their stakes in RNP. International Assets Investment Management LLC grew its position in Cohen & Steers REIT and Preferred Income Fund by 1,678.5% during the fourth quarter. International Assets Investment Management LLC now owns 279,075 shares of the investment management company’s stock worth $5,626,000 after buying an additional 263,383 shares in the last quarter. Ellis Investment Partners LLC lifted its stake in Cohen & Steers REIT and Preferred Income Fund by 14.5% during the fourth quarter. Ellis Investment Partners LLC now owns 1,216,619 shares of the investment management company’s stock worth $24,527,000 after purchasing an additional 153,967 shares during the period. Campbell Capital Management Inc. bought a new position in Cohen & Steers REIT and Preferred Income Fund during the fourth quarter worth about $1,241,000. Capital Investment Advisors LLC bought a new position in Cohen & Steers REIT and Preferred Income Fund during the third quarter worth about $1,056,000. Finally, Flow State Investments L.P. bought a new position in Cohen & Steers REIT and Preferred Income Fund during the fourth quarter worth about $876,000.

Cohen & Steers REIT and Preferred Income Fund Company Profile

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.