Private Advisor Group LLC Cuts Stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Private Advisor Group LLC reduced its stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 7.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 36,789 shares of the investment management company’s stock after selling 3,151 shares during the period. Private Advisor Group LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $871,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Venture Visionary Partners LLC raised its stake in Cohen & Steers REIT and Preferred Income Fund by 4.4% in the 3rd quarter. Venture Visionary Partners LLC now owns 30,558 shares of the investment management company’s stock valued at $723,000 after acquiring an additional 1,281 shares during the period. Good Life Advisors LLC bought a new stake in Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter valued at about $349,000. Creative Planning bought a new stake in Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter valued at about $258,000. Koshinski Asset Management Inc. raised its stake in Cohen & Steers REIT and Preferred Income Fund by 5.6% in the 3rd quarter. Koshinski Asset Management Inc. now owns 66,597 shares of the investment management company’s stock valued at $1,576,000 after acquiring an additional 3,552 shares during the period. Finally, Annex Advisory Services LLC bought a new stake in Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter valued at about $209,000.

Cohen & Steers REIT and Preferred Income Fund Trading Down 0.7 %

Shares of RNP opened at $22.71 on Friday. The business’s 50-day moving average price is $23.43 and its 200-day moving average price is $21.64. Cohen & Steers REIT and Preferred Income Fund, Inc. has a twelve month low of $16.63 and a twelve month high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be given a $0.136 dividend. This represents a $1.63 annualized dividend and a dividend yield of 7.19%. The ex-dividend date of this dividend is Tuesday, December 10th.

Cohen & Steers REIT and Preferred Income Fund Company 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.