Cohen & Steers Inc $CNS Shares Sold by Clearbridge Investments LLC

Clearbridge Investments LLC trimmed its holdings in shares of Cohen & Steers Inc (NYSE:CNS) by 54.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 429,005 shares of the asset manager’s stock after selling 509,801 shares during the period. Clearbridge Investments LLC owned 0.84% of Cohen & Steers worth $26,933,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CNS. Geneos Wealth Management Inc. raised its holdings in shares of Cohen & Steers by 345.3% during the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock worth $31,000 after purchasing an additional 297 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of Cohen & Steers by 754.9% during the fourth quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock worth $38,000 after purchasing an additional 536 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Cohen & Steers by 459.2% during the fourth quarter. Farther Finance Advisors LLC now owns 699 shares of the asset manager’s stock worth $44,000 after purchasing an additional 574 shares during the period. Garner Asset Management Corp acquired a new stake in shares of Cohen & Steers during the fourth quarter worth $58,000. Finally, Tema Etfs LLC acquired a new stake in shares of Cohen & Steers during the fourth quarter worth $59,000. 51.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on CNS. Zacks Research raised shares of Cohen & Steers from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Evercore reissued an “outperform” rating and set a $82.00 target price on shares of Cohen & Steers in a report on Monday. Finally, Weiss Ratings raised shares of Cohen & Steers from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $75.00.

Cohen & Steers Stock Up 4.8%

CNS stock opened at $77.23 on Wednesday. Cohen & Steers Inc has a fifty-two week low of $58.39 and a fifty-two week high of $78.81. The firm’s 50-day simple moving average is $68.82 and its 200 day simple moving average is $66.00. The stock has a market cap of $3.97 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 2.10 and a beta of 1.25.

Cohen & Steers (NYSE:CNS) last released its earnings results on Thursday, April 16th. The asset manager reported $0.79 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.03). The company had revenue of $144.26 million for the quarter, compared to analyst estimates of $140.62 million. Cohen & Steers had a net margin of 27.47% and a return on equity of 27.60%. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 EPS. Equities analysts forecast that Cohen & Steers Inc will post 3.38 EPS for the current fiscal year.

Cohen & Steers Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, May 11th were paid a dividend of $0.67 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.68 annualized dividend and a yield of 3.5%. Cohen & Steers’s dividend payout ratio (DPR) is presently 88.45%.

About Cohen & Steers

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).