Cohen & Steers Reaches New 52-Week High at $43.69 (CNS)
Cohen & Steers (NYSE:CNS)’s share price hit a new 52-week high during mid-day trading on Friday , AnalystRatings.Net reports. The company traded as high as $43.69 and last traded at $43.69, with a volume of 70,260 shares traded. The stock had previously closed at $42.79.
CNS has been the subject of a number of recent research reports. 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 $40.98 and its 200-day moving average is $39.19. The company has a market cap of $1.946 billion and a price-to-earnings ratio of 26.74.
Cohen & Steers (NYSE:CNS) last released its earnings data 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 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 2.02%. The ex-dividend date of this dividend is Friday, May 30th.
In other Cohen & Steers news, EVP Francis C. Poli sold 15,065 shares of the stock on the open market in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $41.74, for a total value of $628,813.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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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