Janney Montgomery Scott LLC Invests $333,000 in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Janney Montgomery Scott LLC bought a new stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) in the first quarter, Holdings Channel reports. The institutional investor bought 15,093 shares of the investment management company’s stock, valued at approximately $333,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Ameriflex Group Inc. bought a new position in Cohen & Steers REIT and Preferred Income Fund in the 4th quarter valued at $32,000. NBC Securities Inc. raised its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 134,900.0% in the first quarter. NBC Securities Inc. now owns 2,700 shares of the investment management company’s stock valued at $59,000 after buying an additional 2,698 shares during the last quarter. TD Waterhouse Canada Inc. bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the fourth quarter valued at about $104,000. Elequin Capital LP acquired a new position in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth about $131,000. Finally, Jane Street Group LLC bought a new stake in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth about $212,000.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

RNP opened at $22.87 on Friday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 1-year low of $19.00 and a 1-year high of $24.41. The firm has a 50-day moving average price of $21.82 and a two-hundred day moving average price of $21.47.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, July 31st. Investors of record on Wednesday, July 16th will be issued a $0.136 dividend. This represents a dividend yield of 7.14%. The ex-dividend date is Tuesday, July 15th.

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.