Cohen & Steers REIT and Preferred Income Fund (NYSE:RNP) Stock Crosses Above 200 Day Moving Average of $19.32

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.32 and traded as high as $20.12. Cohen & Steers REIT and Preferred Income Fund shares last traded at $20.02, with a volume of 118,078 shares.

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

The business’s fifty day simple moving average is $20.32 and its 200 day simple moving average is $19.32.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be issued a dividend of $0.136 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 8.15%. The ex-dividend date of this dividend is Tuesday, June 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Fairman Group LLC bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at about $45,000. NBC Securities Inc. bought a new stake in Cohen & Steers REIT and Preferred Income Fund in the third quarter worth about $46,000. Manchester Capital Management LLC bought a new stake in Cohen & Steers REIT and Preferred Income Fund in the third quarter worth about $69,000. Parallel Advisors LLC raised its position 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 worth $81,000 after acquiring an additional 4,000 shares during the period. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in Cohen & Steers REIT and Preferred Income Fund in the fourth quarter worth about $104,000.

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.