Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Short Interest Update

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 58,500 shares, a decrease of 30.6% from the October 31st total of 84,300 shares. Based on an average daily volume of 100,200 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Cohen & Steers REIT and Preferred Income Fund

Several hedge funds have recently modified their holdings of RNP. Cetera Investment Advisers purchased a new position in Cohen & Steers REIT and Preferred Income Fund in the first quarter valued at $1,710,000. Investment Planning Advisors Inc. purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 2nd quarter valued at approximately $928,000. XML Financial LLC acquired a new position in Cohen & Steers REIT and Preferred Income Fund during the second quarter worth $230,000. Secure Asset Management LLC acquired a new position in Cohen & Steers REIT and Preferred Income Fund during the second quarter worth $351,000. Finally, Commonwealth Equity Services LLC grew its holdings in Cohen & Steers REIT and Preferred Income Fund by 4.6% during the second quarter. Commonwealth Equity Services LLC now owns 144,589 shares of the investment management company’s stock worth $2,945,000 after acquiring an additional 6,391 shares during the period.

Cohen & Steers REIT and Preferred Income Fund Stock Up 0.2 %

NYSE:RNP traded up $0.05 during trading hours on Friday, reaching $23.31. 76,207 shares of the stock were exchanged, compared to its average volume of 103,987. The business has a 50-day moving average of $23.13 and a two-hundred day moving average of $22.04. Cohen & Steers REIT and Preferred Income Fund has a twelve month low of $18.52 and a twelve month high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be paid a $0.136 dividend. This represents a $1.63 annualized dividend and a dividend yield of 7.00%. The ex-dividend date of this dividend is Tuesday, December 10th.

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.