Readystate Asset Management LP Sells 213,694 Shares of Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP

Readystate Asset Management LP decreased its position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 88.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,676 shares of the investment management company’s stock after selling 213,694 shares during the period. Readystate Asset Management LP’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $547,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of RNP. Royal Bank of Canada raised its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 2.4% in the first quarter. Royal Bank of Canada now owns 313,200 shares of the investment management company’s stock valued at $6,189,000 after buying an additional 7,430 shares during the period. Independent Financial Group LLC bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the 1st quarter worth $757,000. Fifth Third Bancorp grew its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 166.3% during the 1st quarter. Fifth Third Bancorp now owns 26,400 shares of the investment management company’s stock worth $522,000 after acquiring an additional 16,487 shares during the period. XML Financial LLC increased its holdings in Cohen & Steers REIT and Preferred Income Fund by 34.5% in the 1st quarter. XML Financial LLC now owns 561,075 shares of the investment management company’s stock worth $11,087,000 after acquiring an additional 144,035 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Cohen & Steers REIT and Preferred Income Fund in the 4th quarter worth about $403,000.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

Shares of Cohen & Steers REIT and Preferred Income Fund stock opened at $20.62 on Thursday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 52-week low of $19.27 and a 52-week high of $22.58. The stock’s 50-day simple moving average is $20.58 and its 200 day simple moving average is $20.66.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

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

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.