Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Declares $0.14 Monthly Dividend

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a monthly dividend on Monday, June 22nd. Investors of record on Tuesday, September 8th will be paid a dividend of 0.136 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 8.1%. The ex-dividend date is Tuesday, September 8th.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Cohen & Steers REIT and Preferred Income Fund stock opened at $20.07 on Tuesday. The company’s 50-day moving average price is $20.74 and its two-hundred day moving average price is $20.52. Cohen & Steers REIT and Preferred Income Fund has a 52 week low of $19.27 and a 52 week high of $22.99.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RNP. Fifth Third Bancorp increased its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 10.1% during the third quarter. Fifth Third Bancorp now owns 9,913 shares of the investment management company’s stock valued at $223,000 after acquiring an additional 913 shares during the period. PNC Financial Services Group Inc. lifted its position in Cohen & Steers REIT and Preferred Income Fund by 8.3% in the third quarter. PNC Financial Services Group Inc. now owns 14,934 shares of the investment management company’s stock worth $336,000 after purchasing an additional 1,145 shares during the period. Cornerstone Wealth Management LLC lifted its position in Cohen & Steers REIT and Preferred Income Fund by 14.4% in the fourth quarter. Cornerstone Wealth Management LLC now owns 10,693 shares of the investment management company’s stock worth $212,000 after purchasing an additional 1,347 shares during the period. Janney Montgomery Scott LLC lifted its position in Cohen & Steers REIT and Preferred Income Fund by 9.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,468 shares of the investment management company’s stock worth $327,000 after purchasing an additional 1,356 shares during the period. Finally, Heritage Wealth Advisors bought a new position in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at $35,000.

Cohen & Steers REIT and Preferred Income Fund Company Profile

Cohen & Steers® REIT and Preferred Income Fund, Inc (NYSE: RNP) is a closed-end management investment company that seeks to provide current income and, to a lesser extent, capital appreciation. The Fund pursues its objectives by investing primarily in equity real estate investment trusts (REITs) and preferred securities issued by U.S. and non-U.S. real estate companies. It employs a research-driven, bottom-up selection process to identify securities that offer attractive income yields while seeking to manage downside risk through diversification across sectors and geographies.

In its equity portfolio, the Fund typically holds shares of publicly traded REITs spanning property types such as industrial, office, retail, residential and specialty real estate.