Cohen & Steers Reaches New 52-Week High at $42.65 (CNS)
Cohen & Steers (NYSE:CNS)’s share price reached a new 52-week high on Friday , Analyst Ratings Network reports. The stock traded as high as $42.65 and last traded at $42.54, with a volume of 67,808 shares traded. The stock had previously closed at $42.04.
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.
The stock’s 50-day moving average is $40.4 and its 200-day moving average is $39.09. The company has a market cap of $1.910 billion and a price-to-earnings ratio of 26.27.
Cohen & Steers (NYSE:CNS) last announced its earnings results on Wednesday, April 16th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, analysts predict that Cohen & Steers will post $1.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 26th. Investors of record on Tuesday, June 3rd will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Friday, May 30th.
In other Cohen & Steers news, Director Peter L. Rhein sold 9,631 shares of the stock on the open market in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $40.92, for a total value of $394,100.52. The sale was disclosed in a filing with the SEC, which is available at this link.
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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