Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Short Interest Update

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 9,379 shares, a drop of 49.0% from the July 30th total of 18,404 shares. Based on an average daily volume of 99,770 shares, the short-interest ratio is presently 0.1 days.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

Shares of RNP opened at $20.16 on Tuesday. Cohen & Steers REIT and Preferred Income Fund has a 52 week low of $19.27 and a 52 week high of $22.58. The stock’s 50-day moving average price is $20.50 and its 200-day moving average price is $20.68.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be given a $0.136 dividend. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date is Tuesday, September 8th.

Institutional Investors Weigh In On Cohen & Steers REIT and Preferred Income Fund

A number of institutional investors have recently modified their holdings of RNP. Heritage Wealth Advisors purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the fourth quarter valued at approximately $35,000. US Bancorp DE raised its holdings in Cohen & Steers REIT and Preferred Income Fund by 182.1% in 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. Keating Financial Advisory Services Inc. acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the second quarter valued at approximately $77,000. Triumph Capital Management purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter worth $109,000. Finally, Cornerstone Wealth Management LLC raised its stake in Cohen & Steers REIT and Preferred Income Fund by 14.4% during 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.

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.