Cohen & Steers Inc (CNS) To Go Ex-Dividend on March 9th

Cohen & Steers Inc (NYSE:CNS) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Monday, March 9th will be paid a dividend of 0.67 per share by the asset manager on Thursday, March 19th. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Monday, March 9th. This is a 8.1% increase from Cohen & Steers’s previous quarterly dividend of $0.62.

Cohen & Steers has decreased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 16 consecutive years. Cohen & Steers has a payout ratio of 81.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble.

Cohen & Steers Trading Down 1.7%

NYSE:CNS opened at $65.10 on Friday. The firm has a market capitalization of $3.35 billion, a PE ratio of 21.85, a price-to-earnings-growth ratio of 1.97 and a beta of 1.26. The stock has a 50 day moving average of $66.06 and a 200-day moving average of $66.72. Cohen & Steers has a 52 week low of $58.39 and a 52 week high of $88.49.

Cohen & Steers (NYSE:CNS) last announced its quarterly earnings results on Thursday, January 22nd. The asset manager reported $0.81 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.81. Cohen & Steers had a return on equity of 28.46% and a net margin of 27.55%.The business had revenue of $143.79 million for the quarter, compared to analysts’ expectations of $144.30 million. During the same period in the prior year, the firm earned $0.78 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis.

Insider Buying and Selling at Cohen & Steers

In other news, EVP Francis C. Poli sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $65.73, for a total value of $657,300.00. Following the completion of the transaction, the executive vice president directly owned 55,675 shares in the company, valued at $3,659,517.75. This trade represents a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 47.60% of the company’s stock.

Institutional Investors Weigh In On Cohen & Steers

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNS. Kestra Advisory Services LLC acquired a new stake in Cohen & Steers in the fourth quarter worth approximately $28,000. Geneos Wealth Management Inc. increased its position in shares of Cohen & Steers by 345.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 297 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Cohen & Steers in the 4th quarter worth $31,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Cohen & Steers by 110.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager’s stock worth $36,000 after buying an additional 299 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Cohen & Steers by 754.9% in the fourth quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock valued at $38,000 after buying an additional 536 shares during the period. Institutional investors own 51.47% of the company’s stock.

About Cohen & Steers

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).