Cohen & Steers Inc (NYSE:CNS) Director Peter L. Rhein sold 4,729 shares of Cohen & Steers stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $44.60, for a total value of $210,913.40. Following the completion of the transaction, the director now owns 26,271 shares of the company’s stock, valued at approximately $1,171,686.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Cohen & Steers Inc (CNS) traded down $0.04 during trading hours on Wednesday, reaching $44.65. The company’s stock had a trading volume of 106,000 shares, compared to its average volume of 117,892. Cohen & Steers Inc has a 52 week low of $33.19 and a 52 week high of $47.29. The stock has a market cap of $2,069.71, a price-to-earnings ratio of 22.34, a P/E/G ratio of 2.61 and a beta of 1.65.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Wednesday, October 18th. The asset manager reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.03. Cohen & Steers had a return on equity of 32.82% and a net margin of 26.53%. The company had revenue of $96.40 million during the quarter, compared to analyst estimates of $95.76 million. During the same period in the previous year, the business earned $0.51 EPS. Cohen & Steers’s quarterly revenue was up 2.1% on a year-over-year basis. equities research analysts anticipate that Cohen & Steers Inc will post 2.06 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Shareholders of record on Wednesday, November 22nd will be paid a dividend of $0.28 per share. The ex-dividend date is Tuesday, November 21st. This represents a $1.12 annualized dividend and a yield of 2.51%. Cohen & Steers’s dividend payout ratio (DPR) is currently 53.85%.

Large investors have recently bought and sold shares of the business. Acadian Asset Management LLC purchased a new stake in Cohen & Steers during the 2nd quarter worth approximately $140,000. BNP Paribas Arbitrage SA increased its stake in Cohen & Steers by 545.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,617 shares of the asset manager’s stock worth $147,000 after buying an additional 3,057 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Cohen & Steers during the 2nd quarter worth approximately $183,000. SG Americas Securities LLC increased its stake in Cohen & Steers by 85.7% during the 2nd quarter. SG Americas Securities LLC now owns 4,806 shares of the asset manager’s stock worth $195,000 after buying an additional 2,218 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in Cohen & Steers during the 3rd quarter worth approximately $215,000. Institutional investors own 44.60% of the company’s stock.

Several equities analysts recently weighed in on CNS shares. Zacks Investment Research upgraded Cohen & Steers from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Tuesday, October 10th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $45.00 price target on shares of Cohen & Steers in a research note on Friday, October 20th. Credit Suisse Group lifted their price target on Cohen & Steers from $41.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, October 20th. BidaskClub lowered Cohen & Steers from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Finally, Bank of America lifted their price target on Cohen & Steers from $35.00 to $38.00 and gave the company an “underperform” rating in a research note on Friday, October 20th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $43.60.

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About Cohen & Steers

Cohen & Steers, Inc (CNS) 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.

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