Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Sees Large Growth in Short Interest

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 155,400 shares, a growth of 115.8% from the August 15th total of 72,000 shares. Based on an average daily trading volume, of 95,500 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Trading of Cohen & Steers REIT and Preferred Income Fund

Hedge funds have recently added to or reduced their stakes in the stock. Fairman Group LLC bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at $45,000. EverSource Wealth Advisors LLC acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the second quarter worth approximately $61,000. Parallel Advisors LLC boosted its holdings in Cohen & Steers REIT and Preferred Income Fund by 133,333.3% in the fourth quarter. Parallel Advisors LLC now owns 4,003 shares of the investment management company’s stock valued at $81,000 after acquiring an additional 4,000 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Cohen & Steers REIT and Preferred Income Fund by 4.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 144,589 shares of the investment management company’s stock valued at $2,945,000 after purchasing an additional 6,391 shares during the period. Finally, XML Financial LLC bought a new position in Cohen & Steers REIT and Preferred Income Fund during the 2nd quarter worth approximately $230,000.

Cohen & Steers REIT and Preferred Income Fund Stock Up 0.5 %

NYSE RNP traded up $0.13 during trading on Friday, hitting $23.81. 65,706 shares of the company’s stock were exchanged, compared to its average volume of 104,706. Cohen & Steers REIT and Preferred Income Fund has a fifty-two week low of $15.52 and a fifty-two week high of $23.98. The stock’s 50 day moving average price is $22.25 and its two-hundred day moving average price is $20.95.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a dividend of $0.136 per share. This represents a $1.63 dividend on an annualized basis and a yield of 6.85%. The ex-dividend date of this dividend is Tuesday, September 10th.

Cohen & Steers REIT and Preferred Income Fund Company Profile

Cohen & Steers REIT and Preferred Income Fund, Inc is a closed-ended balanced mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts.