HighTower Advisors LLC Raises Position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

HighTower Advisors LLC raised its position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 37.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,406 shares of the investment management company’s stock after buying an additional 5,883 shares during the period. HighTower Advisors LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $507,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of RNP. Wealth Enhancement Advisory Services LLC raised its holdings in Cohen & Steers REIT and Preferred Income Fund by 10.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,804 shares of the investment management company’s stock valued at $303,000 after acquiring an additional 1,198 shares during the period. Cetera Investment Advisers increased its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 14.7% in the second quarter. Cetera Investment Advisers now owns 93,270 shares of the investment management company’s stock worth $1,900,000 after buying an additional 11,958 shares during the period. Creative Planning purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the third quarter valued at approximately $258,000. Good Life Advisors LLC bought a new position in Cohen & Steers REIT and Preferred Income Fund in the third quarter worth $349,000. Finally, Future Financial Wealth Managment LLC increased its position in Cohen & Steers REIT and Preferred Income Fund by 6.5% during the 3rd quarter. Future Financial Wealth Managment LLC now owns 15,746 shares of the investment management company’s stock valued at $373,000 after buying an additional 964 shares in the last quarter.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

RNP stock opened at $20.97 on Friday. The business has a fifty day moving average price of $22.80 and a 200-day moving average price of $22.24. 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 Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be issued a $0.136 dividend. This represents a $1.63 annualized dividend and a yield of 7.78%. The ex-dividend date is Tuesday, March 11th.

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.