First Trust Advisors LP Takes Position in Cohen & Steers Inc. (CNS)
First Trust Advisors LP bought a new stake in shares of Cohen & Steers Inc. (NYSE:CNS) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,614 shares of the company’s stock, valued at approximately $348,000.
A number of other institutional investors have also recently added to or reduced their stakes in CNS. Aperio Group LLC increased its position in shares of Cohen & Steers by 1.6% in the first quarter. Aperio Group LLC now owns 7,546 shares of the company’s stock worth $294,000 after buying an additional 118 shares in the last quarter. Eagle Boston Investment Management Inc. increased its position in shares of Cohen & Steers by 1.1% in the second quarter. Eagle Boston Investment Management Inc. now owns 31,274 shares of the company’s stock worth $1,264,000 after buying an additional 349 shares in the last quarter. Swiss National Bank increased its position in shares of Cohen & Steers by 2.4% in the second quarter. Swiss National Bank now owns 34,300 shares of the company’s stock worth $1,387,000 after buying an additional 800 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Cohen & Steers by 1.9% in the second quarter. California State Teachers Retirement System now owns 43,812 shares of the company’s stock worth $1,772,000 after buying an additional 815 shares in the last quarter. Finally, A.R.T. Advisors LLC increased its position in shares of Cohen & Steers by 11.9% in the first quarter. A.R.T. Advisors LLC now owns 14,134 shares of the company’s stock worth $550,000 after buying an additional 1,500 shares in the last quarter. 44.35% of the stock is owned by institutional investors.
Cohen & Steers Inc. (NYSE:CNS) traded down 0.05% during midday trading on Friday, reaching $38.81. The company had a trading volume of 71,064 shares. Cohen & Steers Inc. has a 12 month low of $26.72 and a 12 month high of $43.83. The firm’s 50-day moving average price is $41.85 and its 200 day moving average price is $40.76. The firm has a market capitalization of $1.78 billion, a PE ratio of 26.37 and a beta of 1.12.
Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Wednesday, July 20th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by $0.03. The firm earned $86.40 million during the quarter, compared to analysts’ expectations of $86.12 million. Cohen & Steers had a return on equity of 30.80% and a net margin of 20.12%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.45 earnings per share. Equities analysts anticipate that Cohen & Steers Inc. will post $1.88 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 22nd. Stockholders of record on Thursday, September 1st were issued a $0.26 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.68%. Cohen & Steers’s dividend payout ratio (DPR) is 73.24%.
A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods reissued a “hold” rating and set a $45.00 price objective on shares of Cohen & Steers in a research report on Friday. Credit Suisse Group AG set a $42.00 price objective on Cohen & Steers and gave the stock a “hold” rating in a research report on Sunday, September 18th. Finally, Zacks Investment Research downgraded Cohen & Steers from a “hold” rating to a “sell” rating in a research report on Wednesday, June 29th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Cohen & Steers presently has an average rating of “Buy” and a consensus target price of $44.40.
About Cohen & Steers
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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