Koshinski Asset Management Inc. Raises Holdings in Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP

Koshinski Asset Management Inc. boosted its stake in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 157.1% in the third quarter, Holdings Channel reports. The institutional investor owned 204,968 shares of the investment management company’s stock after acquiring an additional 125,259 shares during the period. Koshinski Asset Management Inc.’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $4,608,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in RNP. Global Retirement Partners LLC bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter worth $38,000. Allworth Financial LP grew its stake in Cohen & Steers REIT and Preferred Income Fund by 330.7% in the second quarter. Allworth Financial LP now owns 2,214 shares of the investment management company’s stock valued at $50,000 after purchasing an additional 1,700 shares during the last quarter. Eastern Bank bought a new position in Cohen & Steers REIT and Preferred Income Fund in the third quarter worth about $54,000. CX Institutional purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the third quarter valued at about $68,000. Finally, Farther Finance Advisors LLC bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter valued at about $89,000.

Cohen & Steers REIT and Preferred Income Fund Trading Up 0.5%

NYSE RNP opened at $21.49 on Friday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 52 week low of $19.00 and a 52 week high of $22.99. The company has a 50 day moving average price of $20.30 and a 200 day moving average price of $21.10.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a $0.136 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

Cohen & Steers REIT and Preferred Income Fund Profile

Cohen & Steers® REIT and Preferred Income Fund, Inc (NYSE: RNP) is a closed-end management investment company that seeks to provide current income and, to a lesser extent, capital appreciation. The Fund pursues its objectives by investing primarily in equity real estate investment trusts (REITs) and preferred securities issued by U.S. and non-U.S. real estate companies. It employs a research-driven, bottom-up selection process to identify securities that offer attractive income yields while seeking to manage downside risk through diversification across sectors and geographies.

In its equity portfolio, the Fund typically holds shares of publicly traded REITs spanning property types such as industrial, office, retail, residential and specialty real estate.