Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Short Interest Update

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the recipient of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 58,500 shares, a decrease of 30.6% from the October 31st total of 84,300 shares. Based on an average trading volume of 100,200 shares, the short-interest ratio is currently 0.6 days.

Cohen & Steers REIT and Preferred Income Fund Stock Up 0.2 %

Cohen & Steers REIT and Preferred Income Fund stock traded up $0.05 during trading hours on Friday, hitting $23.31. The stock had a trading volume of 76,207 shares, compared to its average volume of 103,987. Cohen & Steers REIT and Preferred Income Fund has a 1-year low of $18.52 and a 1-year high of $24.41. The stock’s fifty day moving average is $23.13 and its two-hundred day moving average is $22.04.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a $0.136 dividend. This represents a $1.63 annualized dividend and a yield of 7.00%. The ex-dividend date of this dividend is Tuesday, December 10th.

Institutional Trading of Cohen & Steers REIT and Preferred Income Fund

Large investors have recently bought and sold shares of the company. EP Wealth Advisors LLC purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the third quarter valued at $254,000. Stifel Financial Corp purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the third quarter valued at $271,000. IHT Wealth Management LLC lifted its position in shares of Cohen & Steers REIT and Preferred Income Fund by 48.5% in the third quarter. IHT Wealth Management LLC now owns 16,120 shares of the investment management company’s stock valued at $380,000 after acquiring an additional 5,262 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Cohen & Steers REIT and Preferred Income Fund by 37.9% in the third quarter. HighTower Advisors LLC now owns 21,406 shares of the investment management company’s stock valued at $507,000 after acquiring an additional 5,883 shares in the last quarter. Finally, D.A. Davidson & CO. purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the third quarter valued at $216,000.

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.