Koshinski Asset Management Inc. Has $1.41 Million Position in Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP

Koshinski Asset Management Inc. cut its holdings in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 26.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 71,376 shares of the investment management company’s stock after selling 25,334 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $1,410,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RNP. Heritage Wealth Advisors acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 4th quarter valued at $35,000. Murphy Middleton Hinkle & Parker Inc. bought a new stake in Cohen & Steers REIT and Preferred Income Fund in the fourth quarter valued at about $59,000. US Bancorp DE increased its holdings in Cohen & Steers REIT and Preferred Income Fund by 182.1% in the third quarter. US Bancorp DE now owns 3,557 shares of the investment management company’s stock valued at $80,000 after purchasing an additional 2,296 shares during the last quarter. Triumph Capital Management acquired a new position in Cohen & Steers REIT and Preferred Income Fund in the third quarter valued at about $109,000. Finally, Cornerstone Wealth Management LLC lifted its stake in Cohen & Steers REIT and Preferred Income Fund by 14.4% in the fourth quarter. Cornerstone Wealth Management LLC now owns 10,693 shares of the investment management company’s stock valued at $212,000 after buying an additional 1,347 shares during the period.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

Shares of RNP opened at $20.68 on Monday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 1 year low of $19.27 and a 1 year high of $22.99. The stock’s 50-day moving average price is $20.68 and its two-hundred day moving average price is $20.56.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be given a $0.136 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date is Tuesday, September 8th.

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.