Truist Financial Corp Decreases Stock Position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Truist Financial Corp decreased its position in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 14.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,868 shares of the investment management company’s stock after selling 2,423 shares during the period. Truist Financial Corp’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $282,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cetera Investment Advisers acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the first quarter valued at about $1,710,000. Consolidated Portfolio Review Corp grew its stake in Cohen & Steers REIT and Preferred Income Fund by 400.9% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 85,809 shares of the investment management company’s stock valued at $1,748,000 after purchasing an additional 68,679 shares in the last quarter. Ellis Investment Partners LLC increased its holdings in Cohen & Steers REIT and Preferred Income Fund by 4.8% during the 2nd quarter. Ellis Investment Partners LLC now owns 1,273,570 shares of the investment management company’s stock worth $25,943,000 after purchasing an additional 58,729 shares during the last quarter. Investment Planning Advisors Inc. acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 2nd quarter valued at approximately $928,000. Finally, Secure Asset Management LLC purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the 2nd quarter valued at approximately $351,000.

Cohen & Steers REIT and Preferred Income Fund Price Performance

RNP stock opened at $23.73 on Friday. The firm has a 50 day simple moving average of $23.21 and a 200-day simple moving average of $21.42. Cohen & Steers REIT and Preferred Income Fund, Inc. has a twelve month low of $15.52 and a twelve month high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 10th will be issued a dividend of $0.136 per share. This represents a $1.63 annualized dividend and a yield of 6.88%. The ex-dividend date is Tuesday, December 10th.

Cohen & Steers REIT and Preferred Income Fund 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.