Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Short Interest Update

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 87,700 shares, a drop of 21.6% from the January 31st total of 111,800 shares. Based on an average daily volume of 115,600 shares, the short-interest ratio is presently 0.8 days.

Cohen & Steers REIT and Preferred Income Fund Price Performance

NYSE:RNP traded down $0.34 during mid-day trading on Tuesday, hitting $21.94. The company’s stock had a trading volume of 49,528 shares, compared to its average volume of 119,726. The business’s fifty day moving average is $21.41 and its two-hundred day moving average is $22.43. Cohen & Steers REIT and Preferred Income Fund has a 1 year low of $18.77 and a 1 year high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.136 per share. This is a boost from Cohen & Steers REIT and Preferred Income Fund’s previous dividend of $0.12. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a dividend yield of 8.01%.

Hedge Funds Weigh In On Cohen & Steers REIT and Preferred Income Fund

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at $7,761,000. JP Wealth Management Inc. acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at about $5,193,000. Cornerstone Advisors LLC purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 4th quarter valued at about $1,462,000. Strategic Financial Concepts LLC purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 4th quarter valued at about $1,326,000. Finally, LPL Financial LLC boosted its position in Cohen & Steers REIT and Preferred Income Fund by 4.2% during the fourth quarter. LPL Financial LLC now owns 756,768 shares of the investment management company’s stock worth $15,816,000 after purchasing an additional 30,205 shares in the last quarter.

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.