Northwestern Mutual Wealth Management Co. Purchases 122,129 Shares of Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP

Northwestern Mutual Wealth Management Co. grew its position in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 809.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 137,222 shares of the investment management company’s stock after buying an additional 122,129 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $2,725,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of RNP. Ameriprise Financial Inc. lifted its position in shares of Cohen & Steers REIT and Preferred Income Fund by 34.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 592,522 shares of the investment management company’s stock worth $13,491,000 after buying an additional 153,288 shares in the last quarter. Wolverine Asset Management LLC bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth approximately $2,527,000. Koshinski Asset Management Inc. lifted its position in shares of Cohen & Steers REIT and Preferred Income Fund by 157.1% during the 3rd quarter. Koshinski Asset Management Inc. now owns 204,968 shares of the investment management company’s stock worth $4,608,000 after buying an additional 125,259 shares in the last quarter. Future Financial Wealth Managment LLC lifted its position in shares of Cohen & Steers REIT and Preferred Income Fund by 387.9% during the 4th quarter. Future Financial Wealth Managment LLC now owns 57,328 shares of the investment management company’s stock worth $1,153,000 after buying an additional 45,578 shares in the last quarter. Finally, Shaker Financial Services LLC bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth approximately $802,000.

Cohen & Steers REIT and Preferred Income Fund Price Performance

NYSE:RNP opened at $20.78 on Tuesday. The firm’s 50 day moving average is $20.56 and its 200 day moving average is $20.53. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 12 month low of $19.27 and a 12 month high of $22.99.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $0.136 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend is Tuesday, June 9th.

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.