Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Short Interest Down 21.6% in February

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 87,700 shares, a decline of 21.6% from the January 31st total of 111,800 shares. Based on an average trading volume of 115,600 shares, the short-interest ratio is currently 0.8 days.

Institutional Trading of Cohen & Steers REIT and Preferred Income Fund

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Harbour Investments Inc. raised its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 0.7% during the third quarter. Harbour Investments Inc. now owns 83,558 shares of the investment management company’s stock valued at $1,978,000 after acquiring an additional 544 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Cohen & Steers REIT and Preferred Income Fund by 0.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 137,585 shares of the investment management company’s stock valued at $2,876,000 after purchasing an additional 706 shares during the period. WealthBridge Capital Management LLC increased its position in Cohen & Steers REIT and Preferred Income Fund by 4.8% during the 4th quarter. WealthBridge Capital Management LLC now owns 20,600 shares of the investment management company’s stock valued at $431,000 after purchasing an additional 950 shares during the period. Private Advisor Group LLC raised its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 2.9% in the 4th quarter. Private Advisor Group LLC now owns 37,844 shares of the investment management company’s stock valued at $791,000 after purchasing an additional 1,055 shares in the last quarter. Finally, D.A. Davidson & CO. lifted its position in shares of Cohen & Steers REIT and Preferred Income Fund by 12.3% in the 4th quarter. D.A. Davidson & CO. now owns 10,254 shares of the investment management company’s stock worth $214,000 after purchasing an additional 1,125 shares during the period.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

RNP traded down $0.34 during trading on Tuesday, hitting $21.94. 49,528 shares of the company traded hands, compared to its average volume of 119,726. The stock’s 50-day simple moving average is $21.41 and its two-hundred day simple moving average is $22.43. Cohen & Steers REIT and Preferred Income Fund 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 declared a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a dividend of $0.136 per share. The ex-dividend date was Tuesday, January 14th. This is a boost from Cohen & Steers REIT and Preferred Income Fund’s previous dividend of $0.12. This represents a dividend yield of 8.01%.

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.