Short Interest in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Declines By 14.6%

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totalling 82,800 shares, a decline of 14.6% from the May 31st total of 97,000 shares. Based on an average trading volume of 105,100 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On Cohen & Steers REIT and Preferred Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fairman Group LLC acquired a new position in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth approximately $45,000. Parallel Advisors LLC raised its position in shares of Cohen & Steers REIT and Preferred Income Fund by 133,333.3% in the 4th quarter. Parallel Advisors LLC now owns 4,003 shares of the investment management company’s stock valued at $81,000 after purchasing an additional 4,000 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 4th quarter valued at approximately $104,000. Private Trust Co. NA raised its position in shares of Cohen & Steers REIT and Preferred Income Fund by 10.4% in the 4th quarter. Private Trust Co. NA now owns 7,969 shares of the investment management company’s stock valued at $161,000 after purchasing an additional 750 shares in the last quarter. Finally, SFI Advisors LLC acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 4th quarter valued at approximately $201,000.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Cohen & Steers REIT and Preferred Income Fund stock opened at $20.37 on Friday. The stock’s 50 day moving average price is $20.10 and its 200 day moving average price is $20.19. Cohen & Steers REIT and Preferred Income Fund has a one year low of $15.52 and a one year high of $21.27.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given a dividend of $0.136 per share. This represents a $1.63 annualized dividend and a yield of 8.01%. The ex-dividend date is Tuesday, September 10th.

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.