Spire Wealth Management Acquires Shares of 5,892 Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Spire Wealth Management bought a new stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,892 shares of the investment management company’s stock, valued at approximately $123,000.

Several other large investors have also modified their holdings of RNP. Geneos Wealth Management Inc. acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 4th quarter valued at $195,000. Monterey Private Wealth Inc. acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 4th quarter valued at $207,000. Annex Advisory Services LLC acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter valued at $209,000. D.A. Davidson & CO. acquired a new stake in Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter worth $216,000. Finally, Moloney Securities Asset Management LLC acquired a new stake in Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter worth $236,000.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

RNP stock opened at $21.94 on Friday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a one year low of $18.77 and a one year high of $24.41. The company has a fifty day moving average of $21.42 and a 200-day moving average of $22.40.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

The business also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued a $0.136 dividend. This represents a dividend yield of 8.01%. The ex-dividend date of this dividend was Tuesday, January 14th. This is an increase from Cohen & Steers REIT and Preferred Income Fund’s previous dividend of $0.12.

About Cohen & Steers REIT and Preferred Income Fund

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.