Cohen & Steers (NYSE:CNS – Get Free Report) announced its earnings results on Wednesday. The asset manager reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01, Briefing.com reports. Cohen & Steers had a net margin of 26.27% and a return on equity of 36.67%. The firm had revenue of $121.70 million during the quarter, compared to the consensus estimate of $121.48 million. During the same quarter in the previous year, the company posted $0.70 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis.
Cohen & Steers Trading Down 0.3 %
Shares of NYSE CNS traded down $0.22 on Friday, reaching $81.84. 268,473 shares of the company traded hands, compared to its average volume of 237,719. The stock has a market capitalization of $4.14 billion, a PE ratio of 31.88 and a beta of 1.53. Cohen & Steers has a fifty-two week low of $50.05 and a fifty-two week high of $85.95. The company has a 50 day moving average of $72.12 and a 200 day moving average of $71.64.
Cohen & Steers Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, May 23rd. Shareholders of record on Monday, May 13th were issued a $0.59 dividend. This represents a $2.36 annualized dividend and a yield of 2.88%. The ex-dividend date was Friday, May 10th. Cohen & Steers’s dividend payout ratio (DPR) is 91.83%.
Insider Buying and Selling
Analysts Set New Price Targets
Separately, UBS Group cut their price objective on shares of Cohen & Steers from $65.00 to $63.00 and set a “sell” rating for the company in a research report on Wednesday, July 10th.
Check Out Our Latest Analysis on Cohen & Steers
About Cohen & Steers
Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.
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