Moloney Securities Asset Management LLC Has $344,000 Position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Moloney Securities Asset Management LLC raised its stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 65.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,479 shares of the investment management company’s stock after buying an additional 6,513 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $344,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC increased its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 2,232.8% in the third quarter. International Assets Investment Management LLC now owns 322,930 shares of the investment management company’s stock worth $7,644,000 after acquiring an additional 309,087 shares during the last quarter. JP Wealth Management Inc. acquired a new position in Cohen & Steers REIT and Preferred Income Fund in the 4th quarter worth about $5,193,000. Strategic Financial Concepts LLC purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth about $1,326,000. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter valued at about $691,000. Finally, Good Life Advisors LLC bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter valued at approximately $349,000.

Cohen & Steers REIT and Preferred Income Fund Stock Up 0.1 %

Shares of RNP opened at $21.96 on Tuesday. The firm’s 50 day moving average price is $21.40 and its 200 day moving average price is $22.41. Cohen & Steers REIT and Preferred Income Fund, Inc. has a twelve month low of $18.77 and a twelve month high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued a dividend of $0.136 per share. The ex-dividend date was Tuesday, January 14th. This represents a dividend yield of 8.01%. This is an increase from Cohen & Steers REIT and Preferred Income Fund’s previous dividend of $0.12.

About Cohen & Steers REIT and Preferred Income Fund

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.