Harbour Investments Inc. Increases Position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Harbour Investments Inc. raised its holdings in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,115 shares of the investment management company’s stock after buying an additional 1,557 shares during the period. Harbour Investments Inc.’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $1,779,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in RNP. D.A. Davidson & CO. purchased a new stake in Cohen & Steers REIT and Preferred Income Fund during the third quarter valued at about $216,000. HighTower Advisors LLC boosted its position in Cohen & Steers REIT and Preferred Income Fund by 37.9% during the third quarter. HighTower Advisors LLC now owns 21,406 shares of the investment management company’s stock valued at $507,000 after buying an additional 5,883 shares during the period. IHT Wealth Management LLC boosted its position in Cohen & Steers REIT and Preferred Income Fund by 48.5% during the third quarter. IHT Wealth Management LLC now owns 16,120 shares of the investment management company’s stock valued at $380,000 after buying an additional 5,262 shares during the period. Stifel Financial Corp purchased a new stake in Cohen & Steers REIT and Preferred Income Fund during the third quarter valued at about $271,000. Finally, EP Wealth Advisors LLC purchased a new stake in Cohen & Steers REIT and Preferred Income Fund during the third quarter valued at about $254,000.

Cohen & Steers REIT and Preferred Income Fund Trading Up 1.3 %

Cohen & Steers REIT and Preferred Income Fund stock opened at $21.78 on Tuesday. The firm has a 50-day moving average of $21.54 and a 200-day moving average of $22.35. 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 company also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were issued 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 dividend yield of 8.01%. The ex-dividend date of this dividend was Tuesday, January 14th.

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.