Geneos Wealth Management Inc. Takes Position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Geneos Wealth Management Inc. acquired a new position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 9,336 shares of the investment management company’s stock, valued at approximately $195,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in RNP. Monterey Private Wealth Inc. acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth $207,000. Annex Advisory Services LLC acquired a new position in Cohen & Steers REIT and Preferred Income Fund during the third quarter worth $209,000. D.A. Davidson & CO. bought a new position in Cohen & Steers REIT and Preferred Income Fund during the third quarter valued at about $216,000. Lakeridge Wealth Management LLC bought a new position in Cohen & Steers REIT and Preferred Income Fund during the third quarter valued at about $231,000. Finally, Moloney Securities Asset Management LLC bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter worth about $236,000.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of RNP stock opened at $21.68 on Friday. The stock’s 50 day simple moving average is $21.57 and its 200 day simple moving average is $22.38. Cohen & Steers REIT and Preferred Income Fund, Inc. has a twelve month low of $18.77 and a twelve month high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be 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. The ex-dividend date is Tuesday, January 14th. This represents a yield of 8.01%.

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.