Short Interest in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Decreases By 19.7%

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNPGet Rating) saw a large drop in short interest in April. As of April 30th, there was short interest totalling 11,000 shares, a drop of 19.7% from the April 15th total of 13,700 shares. Based on an average daily trading volume, of 97,100 shares, the days-to-cover ratio is currently 0.1 days.

Cohen & Steers REIT and Preferred Income Fund stock opened at $22.01 on Thursday. The firm has a 50-day moving average of $24.77 and a two-hundred day moving average of $26.08. Cohen & Steers REIT and Preferred Income Fund has a 1 year low of $21.68 and a 1 year high of $29.46.

The business also recently declared a monthly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 15th will be paid a dividend of $0.136 per share. This represents a $1.63 annualized dividend and a dividend yield of 7.41%. The ex-dividend date is Tuesday, June 14th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. purchased a new position in Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter worth $27,000. Tcwp LLC bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the 1st quarter worth $28,000. Segantii Capital Management Ltd bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth $40,000. Concourse Financial Group Securities Inc. increased its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 239.8% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,665 shares of the investment management company’s stock valued at $43,000 after buying an additional 1,175 shares during the period. Finally, FSB Premier Wealth Management Inc. bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the fourth quarter valued at about $43,000.

Cohen & Steers REIT and Preferred Income Fund Company Profile (Get Rating)

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.

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