Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Short Interest Update

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 15,821 shares, a growth of 98.7% from the April 30th total of 7,964 shares. Based on an average daily trading volume, of 75,142 shares, the days-to-cover ratio is presently 0.2 days.

Cohen & Steers REIT and Preferred Income Fund Stock Down 1.3%

RNP stock opened at $20.76 on Tuesday. Cohen & Steers REIT and Preferred Income Fund has a twelve month low of $19.27 and a twelve month high of $22.99. The stock has a 50-day simple moving average of $20.58 and a two-hundred day simple moving average of $20.53.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.136 per share. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend is Tuesday, June 9th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of RNP. Heritage Wealth Advisors purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the fourth quarter worth about $35,000. Murphy Middleton Hinkle & Parker Inc. purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the fourth quarter worth about $59,000. US Bancorp DE grew its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 182.1% during the third quarter. US Bancorp DE now owns 3,557 shares of the investment management company’s stock worth $80,000 after purchasing an additional 2,296 shares in the last quarter. Triumph Capital Management purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the third quarter worth about $109,000. Finally, Fifth Third Bancorp grew its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 10.1% during the third quarter. Fifth Third Bancorp now owns 9,913 shares of the investment management company’s stock worth $223,000 after purchasing an additional 913 shares in the last quarter.

About Cohen & Steers REIT and Preferred Income Fund

Cohen & Steers® REIT and Preferred Income Fund, Inc (NYSE: RNP) is a closed-end management investment company that seeks to provide current income and, to a lesser extent, capital appreciation. The Fund pursues its objectives by investing primarily in equity real estate investment trusts (REITs) and preferred securities issued by U.S. and non-U.S. real estate companies. It employs a research-driven, bottom-up selection process to identify securities that offer attractive income yields while seeking to manage downside risk through diversification across sectors and geographies.

In its equity portfolio, the Fund typically holds shares of publicly traded REITs spanning property types such as industrial, office, retail, residential and specialty real estate.