Cohen & Steers (CNS) Getting Somewhat Positive Press Coverage, Analysis Finds
News stories about Cohen & Steers (NYSE:CNS) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cohen & Steers earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the asset manager an impact score of 46.7041280707221 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Cohen & Steers Inc (CNS) Plans Quarterly Dividend of $0.28 (americanbankingnews.com)
- /C O R R E C T I O N — Cohen & Steers/ (finance.yahoo.com)
- Cohen & Steers Inc (CNS) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- Cohen & Steers Inc (NYSE:CNS) Sees Unusual Trading Volume in Its Shares (overnewsmagazine.com)
- Cohen & Steers Inc (CNS) Releases Earnings Results, Beats Expectations By $0.01 EPS (healthcaremenu.net)
Cohen & Steers (NYSE:CNS) opened at 40.82 on Monday. Cohen & Steers has a 12-month low of $33.16 and a 12-month high of $43.47. The firm has a 50-day moving average of $41.21 and a 200-day moving average of $38.81. The stock has a market cap of $1.89 billion, a PE ratio of 19.83 and a beta of 1.54.
Cohen & Steers (NYSE:CNS) last announced its quarterly earnings results on Wednesday, July 19th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The business had revenue of $92.80 million during the quarter, compared to the consensus estimate of $92.52 million. Cohen & Steers had a net margin of 26.34% and a return on equity of 33.77%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.46 EPS. Equities analysts predict that Cohen & Steers will post $2.01 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 21st. Stockholders of record on Friday, September 1st will be issued a $0.28 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.74%. Cohen & Steers’s dividend payout ratio is presently 54.37%.
A number of research analysts have weighed in on CNS shares. Zacks Investment Research raised shares of Cohen & Steers from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Tuesday, May 9th. BidaskClub raised shares of Cohen & Steers from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Cohen & Steers currently has a consensus rating of “Hold” and a consensus price target of $44.50.
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Cohen & Steers Company Profile
Cohen & Steers, Inc (CNS) 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.
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