HighTower Advisors LLC Has $507,000 Position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

HighTower Advisors LLC boosted its holdings in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 37.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,406 shares of the investment management company’s stock after acquiring an additional 5,883 shares during the period. HighTower Advisors LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $507,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 2,232.8% during the third quarter. International Assets Investment Management LLC now owns 322,930 shares of the investment management company’s stock worth $7,644,000 after buying an additional 309,087 shares in the last quarter. Consolidated Portfolio Review Corp boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 400.9% in 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 raised its stake in Cohen & Steers REIT and Preferred Income Fund by 4.8% during the second quarter. Ellis Investment Partners LLC now owns 1,273,570 shares of the investment management company’s stock worth $25,943,000 after acquiring an additional 58,729 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new stake in Cohen & Steers REIT and Preferred Income Fund in the third quarter valued at approximately $691,000. Finally, Good Life Advisors LLC acquired a new position in Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter worth about $349,000.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of Cohen & Steers REIT and Preferred Income Fund stock opened at $20.97 on Friday. The company’s fifty day moving average is $22.80 and its 200 day moving average is $22.24. Cohen & Steers REIT and Preferred Income Fund, Inc. has a twelve month low of $18.77 and a twelve month high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be paid a dividend of $0.136 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.63 annualized dividend and a yield of 7.78%.

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.