Creative Planning Makes New $258,000 Investment in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Creative Planning acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,884 shares of the investment management company’s stock, valued at approximately $258,000.

Other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC acquired a new stake in Cohen & Steers REIT and Preferred Income Fund during the second quarter worth $61,000. Annex Advisory Services LLC acquired a new position in Cohen & Steers REIT and Preferred Income Fund in the third quarter worth about $209,000. XML Financial LLC bought a new position in Cohen & Steers REIT and Preferred Income Fund during the second quarter worth about $230,000. Lakeridge Wealth Management LLC acquired a new stake in Cohen & Steers REIT and Preferred Income Fund during the third quarter valued at approximately $231,000. Finally, Secure Asset Management LLC acquired a new stake in Cohen & Steers REIT and Preferred Income Fund during the second quarter valued at approximately $351,000.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of RNP opened at $23.45 on Friday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 1 year low of $16.63 and a 1 year high of $24.41. The stock has a 50 day simple moving average of $23.40 and a 200-day simple moving average of $21.78.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be given a $0.136 dividend. The ex-dividend date is Tuesday, December 10th. This represents a $1.63 dividend on an annualized basis and a yield of 6.96%.

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.