Fairman Group LLC Purchases New Position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Fairman Group LLC acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNPFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 2,221 shares of the investment management company’s stock, valued at approximately $45,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ellis Investment Partners LLC raised its position in Cohen & Steers REIT and Preferred Income Fund by 14.5% during the fourth quarter. Ellis Investment Partners LLC now owns 1,216,619 shares of the investment management company’s stock valued at $24,527,000 after purchasing an additional 153,967 shares in the last quarter. LPL Financial LLC grew its holdings in 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 worth $10,082,000 after acquiring an additional 29,192 shares during the last quarter. Wells Fargo & Company MN increased its position in Cohen & Steers REIT and Preferred Income Fund by 8.1% in 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 acquiring an additional 31,939 shares during the period. International Assets Investment Management LLC increased its position in Cohen & Steers REIT and Preferred Income Fund by 1,678.5% in 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 acquiring an additional 263,383 shares during the period. Finally, Raymond James Financial Services Advisors Inc. increased its position in Cohen & Steers REIT and Preferred Income Fund by 18.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 264,157 shares of the investment management company’s stock valued at $5,325,000 after acquiring an additional 40,861 shares during the period.

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

NYSE RNP traded up $0.02 on Tuesday, hitting $20.00. The company’s stock had a trading volume of 16,010 shares, compared to its average volume of 109,110. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 1-year low of $15.52 and a 1-year high of $21.27. The company’s 50-day moving average is $20.01 and its 200 day moving average is $20.15.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be given a $0.136 dividend. This represents a $1.63 annualized dividend and a yield of 8.16%. The ex-dividend date is Tuesday, June 11th.

Cohen & Steers REIT and Preferred Income Fund Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Cohen & Steers REIT and Preferred Income Fund (NYSE:RNP)

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