Strategic Financial Concepts LLC Takes Position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Strategic Financial Concepts LLC bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) in the fourth quarter, HoldingsChannel reports. The fund bought 63,425 shares of the investment management company’s stock, valued at approximately $1,326,000.

Other large investors have also recently bought and sold shares of the company. Ellis Investment Partners LLC lifted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 2.0% in the 4th quarter. Ellis Investment Partners LLC now owns 1,228,675 shares of the investment management company’s stock valued at $25,679,000 after purchasing an additional 23,952 shares during the last quarter. International Assets Investment Management LLC raised 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 purchasing an additional 309,087 shares in the last quarter. JP Wealth Management Inc. acquired a new position in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth approximately $5,193,000. Consolidated Portfolio Review Corp raised its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 4.4% during the 4th quarter. Consolidated Portfolio Review Corp now owns 91,405 shares of the investment management company’s stock worth $1,910,000 after buying an additional 3,857 shares in the last quarter. Finally, Harbour Investments Inc. lifted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 0.7% in the 3rd quarter. Harbour Investments Inc. now owns 83,558 shares of the investment management company’s stock valued at $1,978,000 after buying an additional 544 shares during the period.

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

NYSE:RNP opened at $21.87 on Wednesday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 1 year low of $18.77 and a 1 year high of $24.41. The stock has a fifty day moving average price of $21.30 and a two-hundred day moving average price of $22.41.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were issued a dividend of $0.136 per share. The ex-dividend date was Tuesday, January 14th. This represents a yield of 8.01%. This is an increase from Cohen & Steers REIT and Preferred Income Fund’s previous dividend of $0.12.

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.