Cohen & Steers Inc. (CNS) Sets New 12-Month High at $43.81
Cohen & Steers Inc. (NYSE:CNS)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $43.81 and last traded at $43.25, with a volume of 63,524 shares trading hands. The stock had previously closed at $43.42.
CNS has been the subject of a number of analyst reports. TheStreet upgraded shares of Cohen & Steers from a “hold” rating to a “buy” rating in a research report on Thursday, April 14th. Sidoti began coverage on shares of Cohen & Steers in a research report on Monday, April 11th. They set a “buy” rating and a $51.00 target price for the company. Zacks Investment Research lowered shares of Cohen & Steers from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 17th. Finally, Credit Suisse Group AG began coverage on shares of Cohen & Steers in a research report on Thursday, July 14th. They set a “neutral” rating and a $42.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Cohen & Steers presently has a consensus rating of “Buy” and a consensus target price of $43.75.
The firm has a market capitalization of $1.98 billion and a PE ratio of 31.90. The firm has a 50 day moving average price of $40.19 and a 200 day moving average price of $36.05.
Cohen & Steers (NYSE:CNS) last released its quarterly earnings results on Wednesday, July 20th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm had revenue of $86.40 million for the quarter, compared to analysts’ expectations of $86.12 million. During the same period in the prior year, the firm earned $0.45 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. Equities research analysts predict that Cohen & Steers Inc. will post $1.95 earnings per share for the current year.
The firm also recently declared 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. This represents a $1.04 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Tuesday, May 31st.
A number of large investors have recently added to or reduced their stakes in CNS. Rhumbline Advisers raised 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 in the last quarter. California State Teachers Retirement System raised its stake 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. Comerica Bank purchased a new stake in Cohen & Steers during the fourth quarter valued at about $1,537,000. Gabelli Funds LLC raised 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised 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 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.
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