Cohen & Steers Inc. (NYSE:CNS) Given Consensus Rating of “Buy” by Analysts
Shares of Cohen & Steers Inc. (NYSE:CNS) have earned a consensus rating of “Buy” from the six analysts that are covering the firm. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $43.33.
Several equities research analysts have recently commented on CNS shares. Zacks Investment Research lowered shares of Cohen & Steers from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Credit Suisse Group AG started coverage on shares of Cohen & Steers in a research report on Thursday, July 14th. They set a “neutral” rating and a $42.00 price target for the company.
A number of large investors have recently added to or reduced their stakes in the company. Huntington National Bank purchased a new stake in Cohen & Steers during the second quarter valued at about $109,000. Teacher Retirement System of Texas raised its stake in shares of Cohen & Steers by 14.0% in the second quarter. Teacher Retirement System of Texas now owns 2,862 shares of the company’s stock worth $116,000 after buying an additional 352 shares during the period. Barclays PLC bought a new stake in shares of Cohen & Steers during the second quarter worth about $118,000. Societe Generale bought a new stake in shares of Cohen & Steers during the second quarter worth about $124,000. Finally, SG Americas Securities LLC bought a new stake in shares of Cohen & Steers during the second quarter worth about $124,000. 44.35% of the stock is owned by institutional investors.
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Shares of Cohen & Steers (NYSE:CNS) traded up 0.38% during midday trading on Wednesday, reaching $41.92. 26,135 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $42.31 and its 200 day moving average price is $40.03. Cohen & Steers has a one year low of $25.84 and a one year high of $43.83. The firm has a market capitalization of $1.92 billion, a PE ratio of 28.48 and a beta of 1.30.
Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Cohen & Steers had a net margin of 20.12% and a return on equity of 30.80%. The business had revenue of $86.40 million for the quarter, compared to analysts’ expectations of $86.12 million. During the same period in the previous year, the company earned $0.45 EPS. Cohen & Steers’s revenue for the quarter was up 3.5% compared to the same quarter last year. On average, equities research analysts expect that Cohen & Steers will post $1.88 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 22nd. Investors of record on Thursday, September 1st will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Tuesday, August 30th. Cohen & Steers’s dividend payout ratio is 73.24%.
Cohen & Steers Company Profile
Cohen & Steers, Inc is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors around the world.
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