Cohen & Steers (NYSE:CNS) Issues Quarterly Earnings Results

Cohen & Steers (NYSE:CNS) announced its earnings results on Wednesday. The asset manager reported $0.78 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.02), Zacks reports. Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%.

Cohen & Steers Trading Up 2.6 %

Shares of Cohen & Steers stock opened at $88.88 on Friday. Cohen & Steers has a 52 week low of $64.13 and a 52 week high of $110.67. The stock has a market cap of $4.49 billion, a PE ratio of 29.93 and a beta of 1.55. The company’s 50-day moving average price is $95.42 and its two-hundred day moving average price is $92.24.

Cohen & Steers Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 18th were given a $0.59 dividend. The ex-dividend date was Monday, November 18th. This represents a $2.36 dividend on an annualized basis and a yield of 2.66%. Cohen & Steers’s dividend payout ratio (DPR) is 79.46%.

Wall Street Analyst Weigh In

CNS has been the subject of a number of recent analyst reports. UBS Group raised shares of Cohen & Steers from a “sell” rating to a “neutral” rating and raised their price target for the stock from $63.00 to $102.00 in a research report on Thursday, October 17th. Evercore ISI boosted their target price on shares of Cohen & Steers from $110.00 to $111.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th.

About Cohen & Steers

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.