Raymond James Financial Inc. Invests $7.76 Million in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Raymond James Financial Inc. bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 371,329 shares of the investment management company’s stock, valued at approximately $7,761,000.

Several other hedge funds also recently added to or reduced their stakes in RNP. Spire Wealth Management acquired a new position in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at about $123,000. Geneos Wealth Management Inc. acquired a new position in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at about $195,000. Monterey Private Wealth Inc. acquired a new position in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at about $207,000. D.A. Davidson & CO. increased its position in Cohen & Steers REIT and Preferred Income Fund by 12.3% during the 4th quarter. D.A. Davidson & CO. now owns 10,254 shares of the investment management company’s stock valued at $214,000 after buying an additional 1,125 shares in the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter valued at about $254,000.

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

Shares of NYSE:RNP opened at $21.89 on Friday. The business’s 50-day moving average is $21.65 and its 200 day moving average is $22.31. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 1 year low of $18.77 and a 1 year high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a dividend of $0.136 per share. This is a positive change from Cohen & Steers REIT and Preferred Income Fund’s previous dividend of $0.12. This represents a yield of 8.01%. The ex-dividend date was Tuesday, January 14th.

Cohen & Steers REIT and Preferred Income Fund Profile

Cohen & Steers REIT and Preferred Income Fund, Inc is a closed-ended balanced mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts.