International Assets Investment Management LLC Purchases 263,383 Shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

International Assets Investment Management LLC raised its position in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 1,678.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 279,075 shares of the investment management company’s stock after acquiring an additional 263,383 shares during the period. International Assets Investment Management LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $5,626,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 18.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 264,157 shares of the investment management company’s stock valued at $5,325,000 after buying an additional 40,861 shares during the period. Private Trust Co. NA boosted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 10.4% in the fourth quarter. Private Trust Co. NA now owns 7,969 shares of the investment management company’s stock valued at $161,000 after buying an additional 750 shares during the period. NBC Securities Inc. bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the third quarter valued at approximately $46,000. Samalin Investment Counsel LLC boosted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 50.7% in the third quarter. Samalin Investment Counsel LLC now owns 25,198 shares of the investment management company’s stock valued at $432,000 after buying an additional 8,473 shares during the period. Finally, McGlone Suttner Wealth Management Inc. bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the fourth quarter valued at approximately $104,000.

Cohen & Steers REIT and Preferred Income Fund Trading Down 1.9 %

Shares of RNP stock opened at $19.12 on Tuesday. The stock has a 50 day simple moving average of $20.40 and a 200 day simple moving average of $19.20. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 1 year low of $15.52 and a 1 year high of $21.27.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 11th will be paid a $0.136 dividend. This represents a $1.63 annualized dividend and a dividend yield of 8.54%. The ex-dividend date of this dividend is Tuesday, June 11th.

Cohen & Steers REIT and Preferred Income Fund Company Profile

Cohen & Steers REIT and Preferred Income Fund, Inc is a closed-ended balanced mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts.