Cohen & Steers (NYSE:CNS) Announces Quarterly Earnings Results

Cohen & Steers (NYSE:CNS) issued its quarterly earnings data on Wednesday. The asset manager reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.02), Zacks reports. Cohen & Steers had a net margin of 27.23% and a return on equity of 32.75%.

Cohen & Steers Trading Down 3.0 %

Cohen & Steers stock opened at $86.51 on Thursday. The stock has a market cap of $4.37 billion, a P/E ratio of 32.28 and a beta of 1.55. The stock has a 50 day moving average of $95.66 and a 200-day moving average of $92.27. Cohen & Steers has a 52 week low of $64.13 and a 52 week high of $110.67.

Cohen & Steers Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were paid a dividend of $0.59 per share. This represents a $2.36 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Monday, November 18th. Cohen & Steers’s dividend payout ratio (DPR) is currently 88.06%.

Analyst Upgrades and Downgrades

CNS has been the subject of several recent research reports. Evercore ISI increased their price objective on shares of Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. UBS Group raised shares of Cohen & Steers from a “sell” rating to a “neutral” rating and increased their price objective for the company from $63.00 to $102.00 in a research report on Thursday, October 17th.

Cohen & Steers Company Profile

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.