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

PFG Investments LLC acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 24,233 shares of the investment management company’s stock, valued at approximately $510,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 2.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 157,737 shares of the investment management company’s stock valued at $2,707,000 after purchasing an additional 3,842 shares during the period. All Season Financial Advisors Inc. boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 5.1% during the 3rd quarter. All Season Financial Advisors Inc. now owns 26,806 shares of the investment management company’s stock valued at $460,000 after buying an additional 1,302 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its position in shares of Cohen & Steers REIT and Preferred Income Fund by 1.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 59,674 shares of the investment management company’s stock worth $1,024,000 after buying an additional 1,074 shares during the period. Raymond James & Associates increased its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 2.9% in the 3rd quarter. Raymond James & Associates now owns 220,707 shares of the investment management company’s stock worth $3,787,000 after acquiring an additional 6,145 shares in the last quarter. Finally, Ellis Investment Partners LLC lifted its position in Cohen & Steers REIT and Preferred Income Fund by 5.4% during the 3rd quarter. Ellis Investment Partners LLC now owns 1,062,652 shares of the investment management company’s stock valued at $18,235,000 after acquiring an additional 54,205 shares during the period.

Cohen & Steers REIT and Preferred Income Fund Price Performance

RNP traded down $0.05 during midday trading on Monday, reaching $19.72. The company’s stock had a trading volume of 119,876 shares, compared to its average volume of 116,666. The stock’s 50-day moving average is $20.30 and its 200-day moving average is $19.40. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 1 year low of $15.52 and a 1 year high of $21.27.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be paid a dividend of $0.136 per share. This represents a $1.63 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date of this dividend is Tuesday, June 11th.

Cohen & Steers REIT and Preferred Income Fund Company 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.