Cohen & Steers (CNS) Receiving Somewhat Positive Media Coverage, Report Finds
Media headlines about Cohen & Steers (NYSE:CNS) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cohen & Steers earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the asset manager an impact score of 46.3287462107461 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Cohen & Steers (NYSE:CNS) traded down 1.05% during midday trading on Friday, hitting $39.47. The company had a trading volume of 123,183 shares. The stock has a 50 day moving average price of $41.05 and a 200-day moving average price of $39.02. Cohen & Steers has a 52 week low of $33.16 and a 52 week high of $43.47. The stock has a market capitalization of $1.83 billion, a PE ratio of 19.17 and a beta of 1.54.
Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Wednesday, July 19th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.01. The company had revenue of $92.80 million for the quarter, compared to the consensus estimate of $92.52 million. Cohen & Steers had a return on equity of 33.17% and a net margin of 26.34%. Cohen & Steers’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.46 earnings per share. On average, equities analysts predict that Cohen & Steers will post $2.01 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Shareholders of record on Friday, September 1st will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, August 30th. This represents a $1.12 dividend on an annualized basis and a yield of 2.84%. Cohen & Steers’s dividend payout ratio is currently 54.37%.
Several equities research analysts recently commented on CNS shares. Zacks Investment Research raised Cohen & Steers from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Thursday, June 15th. BidaskClub raised Cohen & Steers from a “hold” rating to a “buy” rating in a research report on Saturday, June 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Cohen & Steers currently has a consensus rating of “Hold” and an average price target of $44.50.
About Cohen & Steers
Cohen & Steers, Inc (CNS) is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors.
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