AlphaQuest LLC Invests $706,000 in Cohen & Steers, Inc. (NYSE:CNS)

AlphaQuest LLC bought a new position in shares of Cohen & Steers, Inc. (NYSE:CNS) in the fourth quarter, Holdings Channel reports. The fund bought 7,649 shares of the asset manager’s stock, valued at approximately $706,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new stake in shares of Cohen & Steers during the third quarter worth $31,000. Westside Investment Management Inc. acquired a new position in Cohen & Steers in the third quarter valued at about $32,000. GAMMA Investing LLC raised its stake in Cohen & Steers by 19.5% in the fourth quarter. GAMMA Investing LLC now owns 729 shares of the asset manager’s stock valued at $67,000 after purchasing an additional 119 shares in the last quarter. R Squared Ltd acquired a new position in Cohen & Steers in the fourth quarter valued at about $73,000. Finally, Farther Finance Advisors LLC raised its stake in Cohen & Steers by 16.9% in the third quarter. Farther Finance Advisors LLC now owns 822 shares of the asset manager’s stock valued at $79,000 after purchasing an additional 119 shares in the last quarter. Institutional investors and hedge funds own 51.47% of the company’s stock.

Cohen & Steers Stock Down 5.7 %

CNS stock opened at $80.43 on Wednesday. The company has a market cap of $4.10 billion, a PE ratio of 27.08 and a beta of 1.55. The business has a 50-day simple moving average of $87.29 and a 200 day simple moving average of $93.45. Cohen & Steers, Inc. has a 52 week low of $64.13 and a 52 week high of $110.67.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02). Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%.

Cohen & Steers Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Monday, March 3rd will be paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date is Monday, March 3rd. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. Cohen & Steers’s payout ratio is 83.50%.

Cohen & Steers Profile

Cohen & Steers, Inc is a holding company which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.