PFG Investments LLC Acquires Shares of 24,233 Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

PFG Investments LLC bought a new position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 24,233 shares of the investment management company’s stock, valued at approximately $510,000.

A number of other large investors have also recently made changes to their positions in RNP. Ellis Investment Partners LLC grew its position in Cohen & Steers REIT and Preferred Income Fund by 14.5% in 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 acquiring an additional 153,967 shares in the last quarter. LPL Financial LLC increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 5.2% during the 3rd quarter. LPL Financial LLC now owns 587,523 shares of the investment management company’s stock valued at $10,082,000 after purchasing an additional 29,192 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 8.1% during the 4th quarter. Wells Fargo & Company MN now owns 427,104 shares of the investment management company’s stock valued at $8,610,000 after purchasing an additional 31,939 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Cohen & Steers REIT and Preferred Income Fund by 1,678.5% during the 4th quarter. International Assets Investment Management LLC now owns 279,075 shares of the investment management company’s stock valued at $5,626,000 after buying an additional 263,383 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its position in Cohen & Steers REIT and Preferred Income Fund by 18.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 264,157 shares of the investment management company’s stock worth $5,325,000 after buying an additional 40,861 shares during the last quarter.

Cohen & Steers REIT and Preferred Income Fund Stock Down 0.3 %

NYSE RNP traded down $0.05 on Monday, hitting $19.72. 119,876 shares of the stock were exchanged, compared to its average volume of 116,666. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 52-week low of $15.52 and a 52-week high of $21.27. The stock has a fifty day moving average price of $20.30 and a two-hundred day moving average price of $19.40.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 11th will be paid a dividend of $0.136 per share. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 8.28%.

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.