ProShare Advisors LLC Acquires 9,661 Shares of Cohen & Steers Inc $CNS

ProShare Advisors LLC lifted its holdings in Cohen & Steers Inc (NYSE:CNS) by 10.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,595 shares of the asset manager’s stock after buying an additional 9,661 shares during the period. ProShare Advisors LLC owned about 0.20% of Cohen & Steers worth $6,315,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its holdings in shares of Cohen & Steers by 2.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,338 shares of the asset manager’s stock worth $398,000 after buying an additional 176 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Cohen & Steers by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 19,867 shares of the asset manager’s stock worth $1,497,000 after buying an additional 185 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Cohen & Steers by 0.8% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 30,194 shares of the asset manager’s stock worth $2,276,000 after buying an additional 229 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Cohen & Steers by 1.4% in the 4th quarter. State of Alaska Department of Revenue now owns 16,333 shares of the asset manager’s stock worth $1,024,000 after buying an additional 231 shares during the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Cohen & Steers by 3.4% in the 3rd quarter. Amalgamated Bank now owns 7,980 shares of the asset manager’s stock worth $524,000 after buying an additional 265 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Cohen & Steers from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Zacks Research upgraded shares of Cohen & Steers from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Finally, Evercore set a $76.00 target price on shares of Cohen & Steers in a report on Monday, April 20th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $72.00.

Cohen & Steers Trading Down 0.4%

Shares of NYSE:CNS opened at $71.85 on Friday. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 2.05 and a beta of 1.27. Cohen & Steers Inc has a 12 month low of $58.39 and a 12 month high of $78.86. The firm’s 50-day moving average is $66.58 and its 200 day moving average is $65.45.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Thursday, April 16th. The asset manager reported $0.79 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.03). The firm had revenue of $144.26 million for the quarter, compared to the consensus estimate of $140.62 million. Cohen & Steers had a net margin of 27.47% and a return on equity of 27.60%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 earnings per share. As a group, equities analysts forecast that Cohen & Steers Inc will post 3.38 EPS for the current fiscal year.

Cohen & Steers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Monday, May 11th were issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, May 11th. Cohen & Steers’s dividend payout ratio is presently 88.45%.

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).