Hunter Perkins Capital Management LLC Buys 12,247 Shares of Cohen & Steers Inc $CNS

Hunter Perkins Capital Management LLC increased its position in shares of Cohen & Steers Inc (NYSE:CNS) by 91.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,579 shares of the asset manager’s stock after buying an additional 12,247 shares during the quarter. Hunter Perkins Capital Management LLC’s holdings in Cohen & Steers were worth $1,606,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its holdings in Cohen & Steers by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 19,867 shares of the asset manager’s stock valued at $1,497,000 after acquiring an additional 185 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Cohen & Steers by 0.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 30,194 shares of the asset manager’s stock worth $2,276,000 after purchasing an additional 229 shares in the last quarter. Amalgamated Bank grew its holdings in shares of Cohen & Steers by 3.4% during the 3rd quarter. Amalgamated Bank now owns 7,980 shares of the asset manager’s stock worth $524,000 after purchasing an additional 265 shares in the last quarter. Covestor Ltd increased its position in shares of Cohen & Steers by 17.3% during the third quarter. Covestor Ltd now owns 1,925 shares of the asset manager’s stock valued at $126,000 after purchasing an additional 284 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in shares of Cohen & Steers by 345.3% during the first 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. 51.47% of the stock is currently owned by institutional investors.

Cohen & Steers Stock Performance

Cohen & Steers stock opened at $60.88 on Friday. The business’s fifty day moving average is $65.05 and its two-hundred day moving average is $65.56. The firm has a market cap of $3.13 billion, a P/E ratio of 20.43, a P/E/G ratio of 1.81 and a beta of 1.26. Cohen & Steers Inc has a 52 week low of $58.39 and a 52 week high of $83.99.

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

Cohen & Steers Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Shareholders of record on Monday, March 9th were given a $0.67 dividend. This represents a $2.68 annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, March 9th. This is a boost from Cohen & Steers’s previous quarterly dividend of $0.62. Cohen & Steers’s dividend payout ratio is 89.93%.

Analysts Set New Price Targets

Several research analysts recently commented on CNS shares. Zacks Research cut Cohen & Steers from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Cohen & Steers in a report on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Cohen & Steers presently has a consensus rating of “Reduce” and an average price target of $72.50.

Insider Buying and Selling at Cohen & Steers

In other Cohen & Steers news, EVP Francis C. Poli sold 10,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $3,659,517.75. The trade was a 15.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 47.60% of the company’s stock.

Cohen & Steers Profile

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).