Insider Selling: Peter L. Rhein Sells 9,631 Shares of Cohen & Steers Stock (CNS)
Cohen & Steers (NYSE:CNS) Director Peter L. Rhein sold 9,631 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $40.92, for a total transaction of $394,100.52. Following the completion of the sale, the director now directly owns 21,758 shares of the company’s stock, valued at approximately $890,337. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Gabelli downgraded shares of Cohen & Steers from a “buy” rating to a “hold” rating in a research note on Monday, April 21st. Separately, analysts at Bank of America reiterated an “underperform” rating on shares of Cohen & Steers in a research note on Monday, April 21st. They now have a $36.00 price target on the stock, up previously from $34.00. Finally, analysts at Zacks upgraded shares of Cohen & Steers from an “underperform” rating to a “neutral” rating in a research note on Wednesday, March 26th. They now have a $40.80 price target on the stock.
Shares of Cohen & Steers (NYSE:CNS) traded up 1.99% on Thursday, hitting $42.01. 80,888 shares of the company’s stock traded hands. Cohen & Steers has a one year low of $31.11 and a one year high of $42.38. The stock’s 50-day moving average is $40.37 and its 200-day moving average is $39.04. The company has a market cap of $1.881 billion and a price-to-earnings ratio of 25.74.
Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $72.84 million for the quarter, compared to the consensus estimate of $72.50 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up .5% on a year-over-year basis. Analysts expect that Cohen & Steers will post $1.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 26th. Stockholders of record on Tuesday, June 3rd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Friday, May 30th.
Cohen & Steers, Inc (NYSE:CNS) is a global investment management firm focused on global real estate securities, global listed infrastructure, real assets, large cap value stocks, and preferred securities.
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