Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Sees Large Increase in Short Interest

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 155,400 shares, an increase of 115.8% from the August 15th total of 72,000 shares. Based on an average daily volume of 95,500 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Trading of Cohen & Steers REIT and Preferred Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Consolidated Portfolio Review Corp acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the first quarter valued at about $360,000. Advisors Asset Management Inc. grew its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 42.4% during the 1st quarter. Advisors Asset Management Inc. now owns 44,428 shares of the investment management company’s stock worth $934,000 after purchasing an additional 13,234 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 8.1% during the 4th quarter. Wells Fargo & Company MN now owns 427,104 shares of the investment management company’s stock worth $8,610,000 after purchasing an additional 31,939 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 57.6% during the first quarter. Private Advisor Group LLC now owns 41,494 shares of the investment management company’s stock valued at $873,000 after purchasing an additional 15,162 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 4.6% in the second quarter. Commonwealth Equity Services LLC now owns 144,589 shares of the investment management company’s stock valued at $2,945,000 after purchasing an additional 6,391 shares in the last quarter.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

RNP traded up $0.13 during midday trading on Friday, reaching $23.81. The company’s stock had a trading volume of 65,706 shares, compared to its average volume of 104,706. Cohen & Steers REIT and Preferred Income Fund has a twelve month low of $15.52 and a twelve month high of $23.98. The company has a fifty day simple moving average of $22.25 and a 200 day simple moving average of $20.95.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a dividend of $0.136 per share. This represents a $1.63 annualized dividend and a yield of 6.85%. The ex-dividend date of this dividend is Tuesday, September 10th.

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.