Wells Fargo & Company MN Sells 38,711 Shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Wells Fargo & Company MN trimmed its holdings in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 9.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 374,023 shares of the investment management company’s stock after selling 38,711 shares during the quarter. Wells Fargo & Company MN’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $7,817,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Spire Wealth Management bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at about $123,000. Geneos Wealth Management Inc. bought a new stake in Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at approximately $195,000. Monterey Private Wealth Inc. purchased a new position in Cohen & Steers REIT and Preferred Income Fund in the 4th quarter worth approximately $207,000. D.A. Davidson & CO. increased its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 12.3% in the 4th quarter. D.A. Davidson & CO. now owns 10,254 shares of the investment management company’s stock worth $214,000 after buying an additional 1,125 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at $221,000.

Cohen & Steers REIT and Preferred Income Fund Stock Up 1.9 %

NYSE RNP opened at $20.79 on Friday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 52-week low of $18.93 and a 52-week high of $24.41. The company has a fifty day moving average of $21.46 and a 200-day moving average of $21.95.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The company also recently declared a — dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.136 per share. This represents a yield of 7.5%. The ex-dividend date of this dividend is Tuesday, June 10th.

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.