Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Short Interest Up 111.3% in June

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the recipient of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 4,738 shares, an increase of 111.3% from the June 15th total of 2,242 shares. Based on an average daily volume of 122,257 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Cohen & Steers REIT and Preferred Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of RNP. Heritage Wealth Advisors purchased a new position 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 4th quarter valued at about $59,000. US Bancorp DE raised its stake in Cohen & Steers REIT and Preferred Income Fund by 182.1% during the 3rd 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 last quarter. Triumph Capital Management acquired a new stake in Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter worth approximately $109,000. Finally, Cornerstone Wealth Management LLC grew its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 14.4% in the 4th quarter. Cornerstone Wealth Management LLC now owns 10,693 shares of the investment management company’s stock valued at $212,000 after purchasing an additional 1,347 shares during the last quarter.

Cohen & Steers REIT and Preferred Income Fund Trading Up 0.0%

NYSE:RNP traded up $0.01 during mid-day trading on Wednesday, reaching $20.53. 84,766 shares of the stock were exchanged, compared to its average volume of 126,647. Cohen & Steers REIT and Preferred Income Fund has a 1 year low of $19.27 and a 1 year high of $22.78. The company has a 50 day simple moving average of $20.66 and a 200-day simple moving average of $20.61.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be issued a $0.136 dividend. This represents a c) annualized dividend and a dividend 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.