Short Interest in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Rises By 121.3%

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 20,754 shares, an increase of 121.3% from the August 15th total of 9,379 shares. Based on an average daily trading volume, of 110,270 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Cohen & Steers REIT and Preferred Income Fund

Hedge funds have recently modified their holdings of the company. XML Financial LLC grew its position in Cohen & Steers REIT and Preferred Income Fund by 34.5% in the first quarter. XML Financial LLC now owns 561,075 shares of the investment management company’s stock worth $11,087,000 after acquiring an additional 144,035 shares during the period. Bank of America Corp DE raised its position in Cohen & Steers REIT and Preferred Income Fund by 9.4% in the first quarter. Bank of America Corp DE now owns 600,823 shares of the investment management company’s stock valued at $11,872,000 after purchasing an additional 51,660 shares during the period. Landscape Capital Management L.L.C. purchased a new stake in Cohen & Steers REIT and Preferred Income Fund in the second quarter valued at $2,761,000. Independent Financial Group LLC acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 1st quarter valued at $757,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 809.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 137,222 shares of the investment management company’s stock valued at $2,725,000 after purchasing an additional 122,129 shares during the last quarter.

Cohen & Steers REIT and Preferred Income Fund Price Performance

NYSE RNP opened at $19.49 on Wednesday. The stock’s fifty day moving average is $20.36 and its two-hundred day moving average is $20.56. Cohen & Steers REIT and Preferred Income Fund has a fifty-two week low of $19.27 and a fifty-two week high of $22.58.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.136 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 8.4%.

About Cohen & Steers REIT and Preferred Income Fund

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.