86,044 Shares in Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP Acquired by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. acquired a new position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) in the fourth quarter, Holdings Channel reports. The fund acquired 86,044 shares of the investment management company’s stock, valued at approximately $1,709,000.

A number of other large investors also recently bought and sold shares of the business. WealthBridge Capital Management LLC raised its stake in Cohen & Steers REIT and Preferred Income Fund by 2.3% in the third quarter. WealthBridge Capital Management LLC now owns 22,450 shares of the investment management company’s stock worth $505,000 after buying an additional 500 shares in the last quarter. Fifth Third Bancorp raised its stake in Cohen & Steers REIT and Preferred Income Fund by 10.1% in the third quarter. Fifth Third Bancorp now owns 9,913 shares of the investment management company’s stock worth $223,000 after buying an additional 913 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Cohen & Steers REIT and Preferred Income Fund by 8.3% in the third quarter. PNC Financial Services Group Inc. now owns 14,934 shares of the investment management company’s stock worth $336,000 after buying an additional 1,145 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 14.4% during the fourth quarter. Cornerstone Wealth Management LLC now owns 10,693 shares of the investment management company’s stock worth $212,000 after purchasing an additional 1,347 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 9.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,468 shares of the investment management company’s stock worth $327,000 after purchasing an additional 1,356 shares in the last quarter.

Cohen & Steers REIT and Preferred Income Fund Stock Down 0.3%

Shares of RNP stock opened at $20.44 on Tuesday. The business’s fifty day simple moving average is $20.77 and its 200-day simple moving average is $20.54. 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 Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.136 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%.

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.