Commonwealth Equity Services LLC Boosts Position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Commonwealth Equity Services LLC raised its stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 0.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 137,585 shares of the investment management company’s stock after purchasing an additional 706 shares during the period. Commonwealth Equity Services LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $2,876,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ellis Investment Partners LLC grew its position in shares of Cohen & Steers REIT and Preferred Income Fund by 2.0% in the 4th quarter. Ellis Investment Partners LLC now owns 1,228,675 shares of the investment management company’s stock valued at $25,679,000 after buying an additional 23,952 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Cohen & Steers REIT and Preferred Income Fund in the fourth quarter valued at $7,761,000. JP Wealth Management Inc. purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the fourth quarter worth about $5,193,000. Consolidated Portfolio Review Corp increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 4.4% during the fourth quarter. Consolidated Portfolio Review Corp now owns 91,405 shares of the investment management company’s stock worth $1,910,000 after purchasing an additional 3,857 shares in the last quarter. Finally, Cornerstone Advisors LLC purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 4th quarter valued at about $1,462,000.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of NYSE RNP opened at $21.72 on Wednesday. The business has a 50-day moving average price of $21.70 and a 200 day moving average price of $22.28. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 52-week low of $18.77 and a 52-week high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

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

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.