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 trading hands.
A number of analysts have recently commented on CNS shares. Credit Suisse Group AG started coverage on Cohen & Steers in a report on Thursday. They set a “neutral” rating and a $42.00 price objective for the company. Zacks Investment Research downgraded Cohen & Steers from a “hold” rating to a “sell” rating in a report on Wednesday, June 29th. TheStreet upgraded Cohen & Steers from a “hold” rating to a “buy” rating in a report on Thursday, April 14th. Finally, Sidoti started coverage on Cohen & Steers in a report on Monday, April 11th. They set a “buy” rating and a $51.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $43.75.
The company has a 50 day moving average price of $39.83 and a 200-day moving average price of $35.79. The stock has a market capitalization of $1.99 billion and a price-to-earnings ratio of 32.21.
Cohen & Steers (NYSE:CNS) last issued its earnings results on Wednesday, April 20th. The company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.42 by $0.03. The company had revenue of $79.70 million for the quarter, compared to analysts’ expectations of $81.58 million. During the same period last year, the firm earned $0.45 EPS. The business’s quarterly revenue was down 4.9% compared to the same quarter last year. Analysts predict that Cohen & Steers Inc. will post $1.94 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 23rd. Investors 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 2.39%. The ex-dividend date of this dividend was Tuesday, May 31st.
A number of hedge funds have modified their holdings of the company. Rhumbline Advisers boosted its stake in shares of 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. California State Teachers Retirement System boosted its stake in shares of Cohen & Steers by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 37,563 shares of the company’s stock worth $1,145,000 after buying an additional 633 shares during the last quarter. Comerica Bank acquired a new stake in shares of Cohen & Steers during the fourth quarter worth $1,537,000. Gabelli Funds LLC boosted its stake in shares of 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. Finally, Dimensional Fund Advisors LP boosted its stake in shares of 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.
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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