Stellar Capital Management LLC Cuts Stake in Cohen & Steers REIT/Pfd Inc Fd (RNP)

Stellar Capital Management LLC lessened its position in shares of Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP) by 5.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,695 shares of the investment management company’s stock after selling 1,575 shares during the quarter. Stellar Capital Management LLC’s holdings in Cohen & Steers REIT/Pfd Inc Fd were worth $534,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in shares of Cohen & Steers REIT/Pfd Inc Fd by 116.7% during the second quarter. Advisors Asset Management Inc. now owns 72,269 shares of the investment management company’s stock valued at $1,502,000 after acquiring an additional 38,920 shares during the period. Bank of Stockton acquired a new position in shares of Cohen & Steers REIT/Pfd Inc Fd during the second quarter valued at $205,000. IFP Advisors Inc lifted its stake in shares of Cohen & Steers REIT/Pfd Inc Fd by 2.1% during the second quarter. IFP Advisors Inc now owns 48,057 shares of the investment management company’s stock valued at $999,000 after acquiring an additional 968 shares during the period. BB&T Securities LLC lifted its stake in shares of Cohen & Steers REIT/Pfd Inc Fd by 42.5% during the second quarter. BB&T Securities LLC now owns 39,156 shares of the investment management company’s stock valued at $813,000 after acquiring an additional 11,670 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Cohen & Steers REIT/Pfd Inc Fd by 17.9% during the second quarter. First Trust Advisors LP now owns 124,114 shares of the investment management company’s stock valued at $2,579,000 after acquiring an additional 18,888 shares during the period.

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Shares of Cohen & Steers REIT/Pfd Inc Fd (RNP) traded up 0.18% during trading on Wednesday, hitting $21.77. The stock had a trading volume of 27,098 shares. The stock’s market capitalization is $1.04 billion. The stock has a 50 day moving average price of $21.13 and a 200-day moving average price of $20.56. Cohen & Steers REIT/Pfd Inc Fd has a one year low of $17.91 and a one year high of $21.79.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 31st. Investors of record on Wednesday, October 18th will be given a dividend of $0.124 per share. The ex-dividend date of this dividend is Tuesday, October 17th. This represents a $1.49 dividend on an annualized basis and a yield of 6.85%.

Cohen & Steers REIT/Pfd Inc Fd Company Profile

Cohen & Steers REIT and Preferred Income Fund, Inc (the Fund) is a diversified, closed-end management investment fund. The Fund’s investment objective is high current income through investment in real estate and diversified preferred securities. The secondary investment objective is capital appreciation.

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Institutional Ownership by Quarter for Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP)

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