Koshinski Asset Management Inc. Sells 25,334 Shares of Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP

Koshinski Asset Management Inc. decreased its position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 26.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 71,376 shares of the investment management company’s stock after selling 25,334 shares during the period. Koshinski Asset Management Inc.’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $1,410,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Heritage Wealth Advisors acquired a new stake in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth $35,000. Murphy Middleton Hinkle & Parker Inc. acquired a new position in Cohen & Steers REIT and Preferred Income Fund in the fourth quarter valued at about $59,000. US Bancorp DE grew its stake in Cohen & Steers REIT and Preferred Income Fund by 182.1% in the third quarter. US Bancorp DE now owns 3,557 shares of the investment management company’s stock valued at $80,000 after acquiring an additional 2,296 shares during the period. Triumph Capital Management bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the third quarter worth about $109,000. Finally, Cornerstone Wealth Management LLC increased its holdings in shares of 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 acquiring an additional 1,347 shares in the last quarter.

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

NYSE RNP opened at $20.68 on Monday. The stock’s 50-day moving average is $20.68 and its 200-day moving average is $20.56. Cohen & Steers REIT and Preferred Income Fund, Inc. has a one year low of $19.27 and a one year high of $22.99.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be paid a dividend of $0.136 per share. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Tuesday, September 8th.

About Cohen & Steers REIT and Preferred Income Fund

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.