Cohen & Steers Inc. (CNS) Shares Gap Up to $42.60
Cohen & Steers Inc. (NYSE:CNS) shares gapped up prior to trading on Thursday . The stock had previously closed at $42.31, but opened at $42.60. Cohen & Steers shares last traded at $43.27, with a volume of 26,257 shares.
Several research analysts have commented on CNS shares. Zacks Investment Research upgraded Cohen & Steers from a “sell” rating to a “hold” rating in a research note on Thursday, March 17th. TheStreet upgraded Cohen & Steers from a “hold” rating to a “buy” rating in a research note on Thursday, April 14th. Credit Suisse Group AG started coverage on Cohen & Steers in a research note on Thursday. They issued a “neutral” rating and a $42.00 target price for the company. Finally, Sidoti started coverage on Cohen & Steers in a research note on Monday, April 11th. They issued a “buy” rating and a $51.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Cohen & Steers currently has an average rating of “Hold” and a consensus target price of $43.75.
The firm has a market capitalization of $1.97 billion and a PE ratio of 31.90. The stock’s 50 day moving average price is $39.68 and its 200 day moving average price is $35.70.
Cohen & Steers (NYSE:CNS) last announced its quarterly earnings results on Wednesday, April 20th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.03. During the same quarter in the previous year, the company earned $0.45 EPS. The firm earned $79.70 million during the quarter, compared to analyst estimates of $81.58 million. The company’s revenue for the quarter was down 4.9% on a year-over-year basis. Analysts forecast that Cohen & Steers Inc. will post $1.92 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, June 23rd. Stockholders of record on Thursday, June 2nd were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, May 31st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.42%.
Several hedge funds 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 worth $6,378,000 after buying an additional 71,353 shares during the last quarter. 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 worth $24,824,000 after buying an additional 287,359 shares during the last quarter. 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 worth $4,962,000 after buying an additional 8,600 shares during the last quarter. Comerica Bank acquired a new stake in Cohen & Steers during the fourth quarter worth $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 worth $1,141,000 after buying an additional 1,270 shares during the last quarter.
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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