Cohen & Steers (NYSE:CNS) Shares Gap Down After Earnings Miss

Cohen & Steers Inc (NYSE:CNS) shares gapped down prior to trading on Friday following a weaker than expected earnings announcement. The stock had previously closed at $81.07, but opened at $74.74. Cohen & Steers shares last traded at $81.2310, with a volume of 43,147 shares.

The asset manager reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.01). The company had revenue of $151.84 million for the quarter, compared to analysts’ expectations of $149.45 million. Cohen & Steers had a return on equity of 28.03% and a net margin of 28.82%.Cohen & Steers’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 EPS.

Cohen & Steers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Monday, May 11th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 3.2%. Cohen & Steers’s payout ratio is currently 88.45%.

Key Stories Impacting Cohen & Steers

Here are the key news stories impacting Cohen & Steers this week:

• Positive Sentiment: Second-quarter revenue came in at $151.84 million, above the $149.45 million consensus, and grew 12.2% from a year earlier, suggesting solid business momentum. Conference Call Transcript
• Positive Sentiment: The stock also appears to be benefiting from a favorable read-through on improving real estate fund flows, which could support assets under management and fee growth. Cohen & Steers Q2 Rally Reflects Improving Real Estate Flows
• Neutral Sentiment: Management also released the earnings presentation and held its quarterly call, giving investors more detail on strategy and outlook, but no major new corporate action was highlighted in the headlines. Earnings Call Presentation
• Neutral Sentiment: The company’s quarterly results were mixed overall: EPS of $0.85 narrowly missed estimates of $0.86, while profitability remained strong with a 27.60% return on equity and 27.47% net margin. Q2 2026 Results Press Release

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CNS shares. Zacks Research raised shares of Cohen & Steers from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Weiss Ratings upgraded shares of Cohen & Steers from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. Finally, Evercore reissued an “outperform” rating and issued a $84.00 price objective on shares of Cohen & Steers in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Cohen & Steers presently has a consensus rating of “Hold” and an average price target of $76.00.

Insider Transactions at Cohen & Steers

In other news, EVP Daniel Noonan sold 4,360 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $77.33, for a total transaction of $337,158.80. Following the completion of the transaction, the executive vice president directly owned 28,682 shares of the company’s stock, valued at approximately $2,217,979.06. This represents a 13.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 45.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cohen & Steers

Hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in Cohen & Steers by 2.0% in the first quarter. Royal Bank of Canada now owns 51,397 shares of the asset manager’s stock valued at $4,124,000 after purchasing an additional 1,003 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Cohen & Steers by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,367 shares of the asset manager’s stock worth $1,313,000 after purchasing an additional 716 shares in the last quarter. Millennium Management LLC raised its holdings in Cohen & Steers by 485.1% during the first quarter. Millennium Management LLC now owns 93,175 shares of the asset manager’s stock worth $7,477,000 after purchasing an additional 77,251 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of Cohen & Steers during the 1st quarter worth approximately $172,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Cohen & Steers by 3.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 72,742 shares of the asset manager’s stock worth $5,838,000 after buying an additional 2,155 shares during the last quarter. Institutional investors and hedge funds own 51.47% of the company’s stock.

Cohen & Steers Stock Performance

The firm’s 50-day moving average price is $74.95 and its two-hundred day moving average price is $68.88. The firm has a market cap of $4.36 billion, a PE ratio of 26.02, a P/E/G ratio of 2.09 and a beta of 1.22.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).