Kestra Advisory Services LLC Cuts Position in Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP

Kestra Advisory Services LLC reduced its position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 29.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,406 shares of the investment management company’s stock after selling 48,757 shares during the period. Kestra Advisory Services LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $2,340,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Heritage Wealth Advisors purchased a new position in Cohen & Steers REIT and Preferred Income Fund in the fourth quarter valued at approximately $35,000. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in Cohen & Steers REIT and Preferred Income Fund during the fourth quarter worth approximately $59,000. US Bancorp DE grew its stake in Cohen & Steers REIT and Preferred Income Fund by 182.1% during the third quarter. US Bancorp DE now owns 3,557 shares of the investment management company’s stock worth $80,000 after buying an additional 2,296 shares during the period. Triumph Capital Management acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the third quarter worth $109,000. Finally, Cornerstone Wealth Management LLC increased its position 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 Price Performance

Shares of RNP stock opened at $20.63 on Monday. The company’s fifty day simple moving average is $20.62 and its 200-day simple moving average is $20.63. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 52 week low of $19.27 and a 52 week high of $22.78.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be issued a $0.136 dividend. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Tuesday, September 8th.

Cohen & Steers REIT and Preferred Income Fund 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.