Cohen & Steers EVP Unloads $628,813 in Stock (CNS)
Cohen & Steers (NYSE:CNS) EVP Francis C. Poli sold 15,065 shares of Cohen & Steers stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $41.74, for a total transaction of $628,813.10. Following the sale, the executive vice president now directly owns 64,610 shares of the company’s stock, valued at approximately $2,696,821. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Cohen & Steers (NYSE:CNS) traded down 2.18% during mid-day trading on Wednesday, hitting $41.37. The stock had a trading volume of 70,423 shares. Cohen & Steers has a 1-year low of $31.11 and a 1-year high of $43.02. The stock has a 50-day moving average of $40.64 and a 200-day moving average of $39.12. The company has a market cap of $1.852 billion and a price-to-earnings ratio of 26.43.
Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data 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. On average, analysts predict that Cohen & Steers will post $1.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, June 26th. Investors 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 2.13%. The ex-dividend date of this dividend is Friday, May 30th.
A number of analysts have recently weighed in on CNS shares. 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.
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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