Cohen & Steers Inc. (CNS) Sets New 52-Week High at $43.81
Cohen & Steers Inc. (NYSE:CNS) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $43.81 and last traded at $43.25, with a volume of 63,524 shares. The stock had previously closed at $43.42.
Several research analysts have recently issued reports on the company. Zacks Investment Research cut Cohen & Steers from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 17th. Sidoti assumed coverage on Cohen & Steers in a research report on Monday, April 11th. They set a “buy” rating and a $51.00 price target for the company. Credit Suisse Group AG assumed coverage on Cohen & Steers in a research report on Thursday, July 14th. They set a “neutral” rating and a $42.00 price target for the company. Finally, TheStreet upgraded Cohen & Steers from a “hold” rating to a “buy” rating in a research report on Thursday, April 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.75.
The company has a market capitalization of $2.00 billion and a P/E ratio of 32.24. The firm’s 50-day moving average is $39.97 and its 200 day moving average is $35.95.
Cohen & Steers (NYSE:CNS) last released its earnings results on Wednesday, April 20th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The company earned $79.70 million during the quarter, compared to analysts’ expectations of $81.58 million. During the same period last year, the firm earned $0.45 earnings per share. Cohen & Steers’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, equities analysts predict that Cohen & Steers Inc. will post $1.94 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 23rd. Stockholders of record on Thursday, June 2nd were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, May 31st. This represents a $1.04 annualized dividend and a dividend yield of 2.40%.
Several hedge funds and institutional investors have added to or reduced their stakes in the company. California State Teachers Retirement System boosted its position in Cohen & Steers by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 37,563 shares of the company’s stock valued at $1,145,000 after buying an additional 633 shares in the last quarter. Rhumbline Advisers boosted its position 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 in the last quarter. Gabelli Funds LLC boosted its position 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 in the last quarter. Comerica Bank acquired a new position in Cohen & Steers during the fourth quarter valued at about $1,537,000. Finally, Dimensional Fund Advisors LP boosted its position 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 in 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.