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 Tuesday, September 22nd. Shareholders of record on Tuesday, December 8th will be given a dividend of 0.136 per share by the investment management company on Thursday, December 31st. This represents a c) dividend on an annualized basis and a yield of 8.4%. The ex-dividend date of this dividend is Tuesday, December 8th.

Cohen & Steers REIT and Preferred Income Fund Stock Down 0.4%

NYSE:RNP traded down $0.08 during trading hours on Wednesday, hitting $19.35. The stock had a trading volume of 9,317 shares, compared to its average volume of 120,289. Cohen & Steers REIT and Preferred Income Fund has a 1-year low of $19.26 and a 1-year high of $22.58. The business has a 50 day simple moving average of $20.25 and a two-hundred day simple moving average of $20.48.

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

A number of large investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in Cohen & Steers REIT and Preferred Income Fund during the 2nd quarter worth $44,000. Ameritas Advisory Services LLC acquired a new position in Cohen & Steers REIT and Preferred Income Fund in the 2nd quarter worth $218,000. NWF Advisory Services Inc. purchased a new position in Cohen & Steers REIT and Preferred Income Fund in the 2nd quarter valued at about $233,000. XML Financial LLC boosted its position in Cohen & Steers REIT and Preferred Income Fund by 6.7% in the 2nd quarter. XML Financial LLC now owns 598,747 shares of the investment management company’s stock valued at $12,155,000 after buying an additional 37,672 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 9.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,123 shares of the investment management company’s stock valued at $327,000 after acquiring an additional 1,395 shares in the last quarter.

About Cohen & Steers REIT and Preferred Income Fund

Cohen & Steers REIT and Preferred Income Fund, Inc (NYSE: RNP) is a closed-end investment company managed by Cohen & Steers Capital Management. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

RNP invests primarily in real estate investment trusts (REITs) and preferred securities. Its portfolio may include common and preferred securities issued by companies involved in commercial, residential, health care, industrial, retail, and other areas of the real estate industry, along with preferred stocks and other income-producing securities.

The fund was established in 2003 and is designed to provide investors with diversified exposure to real estate and preferred-income markets through a professionally managed portfolio.