Cohen & Steers Inc. (CNS) Sets New 1-Year High at $42.65
Cohen & Steers Inc. (NYSE:CNS) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $42.65 and last traded at $42.54, with a volume of 28,250 shares trading hands. The stock had previously closed at $42.00.
Several equities research analysts recently issued reports on CNS shares. Zacks Investment Research upgraded Cohen & Steers from a “sell” rating to a “hold” rating in a report on Thursday, March 17th. TheStreet upgraded Cohen & Steers from a “hold” rating to a “buy” rating in a report on Thursday, April 14th. Sidoti started coverage on Cohen & Steers in a report on Monday, April 11th. They issued a “buy” rating and a $51.00 price objective on the stock. Finally, Bank of America Corp. upgraded Cohen & Steers from an “underperform” rating to a “buy” rating and boosted their price objective for the company from $28.00 to $37.00 in a report on Tuesday, March 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $44.33.
The company has a 50-day moving average of $39.42 and a 200-day moving average of $35.59. The company has a market capitalization of $1.95 billion and a PE ratio of 31.53.
Cohen & Steers (NYSE:CNS) last announced its earnings results on Wednesday, April 20th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by $0.03. The business earned $79.70 million during the quarter, compared to analysts’ expectations of $81.58 million. The business’s revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.45 EPS. Equities analysts anticipate that Cohen & Steers Inc. will post $1.91 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, June 23rd. Shareholders of record on Thursday, June 2nd were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date was Tuesday, May 31st.
Several large investors have bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in Cohen & Steers by 51.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 209,210 shares of the company’s stock valued at $6,378,000 after buying an additional 71,353 shares during the period. Century Capital Management LLC boosted its stake in Cohen & Steers by 54.5% in the fourth quarter. Century Capital Management LLC now owns 814,439 shares of the company’s stock valued at $24,824,000 after buying an additional 287,359 shares during the period. Gabelli Funds LLC boosted its stake in Cohen & Steers by 5.6% in the fourth quarter. Gabelli Funds LLC now owns 162,800 shares of the company’s stock valued at $4,962,000 after buying an additional 8,600 shares during the period. Comerica Bank acquired a new stake in Cohen & Steers during the fourth quarter valued at about $1,537,000. Finally, Rhumbline Advisers boosted its stake in Cohen & Steers by 3.5% in the fourth quarter. Rhumbline Advisers now owns 37,420 shares of the company’s stock valued at $1,141,000 after buying an additional 1,270 shares during the period.
Cohen & Steers, Inc is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors around the world.
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