Somewhat Favorable News Coverage Somewhat Unlikely to Affect Cohen & Steers (CNS) Stock Price

Media coverage about Cohen & Steers (NYSE:CNS) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cohen & Steers earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news coverage about the asset manager an impact score of 45.3159253462858 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Cohen & Steers (CNS) opened at $46.33 on Thursday. Cohen & Steers has a 1 year low of $33.48 and a 1 year high of $47.83. The stock has a market capitalization of $2,150.00, a price-to-earnings ratio of 22.17, a PEG ratio of 2.43 and a beta of 1.65.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Wednesday, October 18th. The asset manager reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.03. Cohen & Steers had a return on equity of 32.82% and a net margin of 26.53%. The company had revenue of $96.40 million for the quarter, compared to analysts’ expectations of $95.76 million. During the same period last year, the firm earned $0.51 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. research analysts expect that Cohen & Steers will post 2.06 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Stockholders of record on Wednesday, November 22nd were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Tuesday, November 21st. Cohen & Steers’s dividend payout ratio (DPR) is presently 53.59%.

Several equities analysts have recently issued reports on CNS shares. Zacks Investment Research upgraded Cohen & Steers from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research report on Monday, September 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $49.00 price target on shares of Cohen & Steers in a research report on Friday, December 22nd. Credit Suisse Group lifted their price target on Cohen & Steers from $41.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, October 20th. Finally, Bank of America lifted their price target on Cohen & Steers from $35.00 to $38.00 and gave the company an “underperform” rating in a research report on Friday, October 20th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $46.20.

In other news, Director Peter L. Rhein sold 4,729 shares of Cohen & Steers stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $44.60, for a total transaction of $210,913.40. Following the transaction, the director now directly owns 26,271 shares in the company, valued at approximately $1,171,686.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 52.90% of the stock is currently owned by company insiders.

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About Cohen & Steers

Cohen & Steers, Inc (CNS) is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors.

Insider Buying and Selling by Quarter for Cohen & Steers (NYSE:CNS)

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