Raymond James & Associates Sells 93,987 Shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Raymond James & Associates lessened its position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 42.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 126,720 shares of the investment management company’s stock after selling 93,987 shares during the quarter. Raymond James & Associates’ holdings in Cohen & Steers REIT and Preferred Income Fund were worth $2,555,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ellis Investment Partners LLC raised its position in Cohen & Steers REIT and Preferred Income Fund by 5.4% in the 3rd quarter. Ellis Investment Partners LLC now owns 1,062,652 shares of the investment management company’s stock valued at $18,235,000 after buying an additional 54,205 shares during the last quarter. Morgan Stanley raised its position in Cohen & Steers REIT and Preferred Income Fund by 13.0% in the 3rd quarter. Morgan Stanley now owns 988,770 shares of the investment management company’s stock valued at $16,967,000 after buying an additional 114,015 shares during the last quarter. Bank of America Corp DE raised its position in Cohen & Steers REIT and Preferred Income Fund by 1.4% in the 1st quarter. Bank of America Corp DE now owns 757,528 shares of the investment management company’s stock valued at $20,370,000 after buying an additional 10,263 shares during the last quarter. LPL Financial LLC raised its position in Cohen & Steers REIT and Preferred Income Fund by 5.2% in the 3rd quarter. LPL Financial LLC now owns 587,523 shares of the investment management company’s stock valued at $10,082,000 after buying an additional 29,192 shares during the last quarter. Finally, UBS Group AG raised its position in Cohen & Steers REIT and Preferred Income Fund by 4.1% in the 1st quarter. UBS Group AG now owns 280,344 shares of the investment management company’s stock valued at $5,470,000 after buying an additional 10,968 shares during the last quarter.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of Cohen & Steers REIT and Preferred Income Fund stock opened at $19.12 on Tuesday. The business’s 50 day simple moving average is $20.40 and its 200 day simple moving average is $19.20. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 52-week low of $15.52 and a 52-week high of $21.27.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be given a dividend of $0.136 per share. This represents a $1.63 annualized dividend and a dividend yield of 8.54%. The ex-dividend date is Tuesday, June 11th.

Cohen & Steers REIT and Preferred Income Fund 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.