Landscape Capital Management L.L.C. Purchases New Position in Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP

Landscape Capital Management L.L.C. purchased a new stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 136,023 shares of the investment management company’s stock, valued at approximately $2,761,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RNP. Wolverine Asset Management LLC acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 4th quarter valued at $2,527,000. XML Financial LLC grew its position in shares of Cohen & Steers REIT and Preferred Income Fund by 34.5% in the 1st quarter. XML Financial LLC now owns 561,075 shares of the investment management company’s stock valued at $11,087,000 after buying an additional 144,035 shares during the last quarter. Independent Financial Group LLC acquired a new stake in Cohen & Steers REIT and Preferred Income Fund during the 1st quarter worth $757,000. Northwestern Mutual Wealth Management Co. raised its stake in Cohen & Steers REIT and Preferred Income Fund by 809.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 137,222 shares of the investment management company’s stock worth $2,725,000 after acquiring an additional 122,129 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new stake in Cohen & Steers REIT and Preferred Income Fund in the second quarter valued at $2,921,000.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

NYSE RNP opened at $20.30 on Friday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 1 year low of $19.27 and a 1 year high of $22.58. The company has a fifty day moving average of $20.47 and a two-hundred day moving average of $20.69.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The company also recently announced 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 is Tuesday, September 8th. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%.

Cohen & Steers REIT and Preferred Income Fund Company 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.