IHT Wealth Management LLC Buys 5,262 Shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

IHT Wealth Management LLC increased its stake in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 48.5% in the third quarter, Holdings Channel reports. The firm owned 16,120 shares of the investment management company’s stock after buying an additional 5,262 shares during the quarter. IHT Wealth Management LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $380,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in Cohen & Steers REIT and Preferred Income Fund by 2,232.8% during the third quarter. International Assets Investment Management LLC now owns 322,930 shares of the investment management company’s stock worth $7,644,000 after buying an additional 309,087 shares during the last quarter. Cetera Investment Advisers bought a new position in Cohen & Steers REIT and Preferred Income Fund during the 1st quarter worth approximately $1,710,000. Consolidated Portfolio Review Corp boosted its stake in Cohen & Steers REIT and Preferred Income Fund by 400.9% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 85,809 shares of the investment management company’s stock worth $1,748,000 after acquiring an additional 68,679 shares during the last quarter. Ellis Investment Partners LLC grew its holdings in Cohen & Steers REIT and Preferred Income Fund by 4.8% during the second quarter. Ellis Investment Partners LLC now owns 1,273,570 shares of the investment management company’s stock valued at $25,943,000 after purchasing an additional 58,729 shares during the period. Finally, Investment Planning Advisors Inc. bought a new stake in Cohen & Steers REIT and Preferred Income Fund in the second quarter valued at approximately $928,000.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of NYSE RNP opened at $22.72 on Monday. The company’s fifty day moving average is $23.09 and its 200-day moving average is $22.17. Cohen & Steers REIT and Preferred Income Fund, Inc. has a twelve month low of $18.77 and a twelve month high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be issued a dividend of $0.136 per share. This represents a $1.63 annualized dividend and a dividend yield of 7.18%. The ex-dividend date is Tuesday, December 10th.

About Cohen & Steers REIT and Preferred Income Fund

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.