XML Financial LLC Buys 70,824 Shares of Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP

XML Financial LLC boosted its stake in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 20.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 417,040 shares of the investment management company’s stock after acquiring an additional 70,824 shares during the quarter. XML Financial LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $8,282,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC grew its holdings in Cohen & Steers REIT and Preferred Income Fund by 387.9% during the 4th quarter. Future Financial Wealth Managment LLC now owns 57,328 shares of the investment management company’s stock worth $1,153,000 after acquiring an additional 45,578 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth about $2,527,000. Shaker Financial Services LLC bought a new stake in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth about $802,000. Koshinski Asset Management Inc. grew its holdings in Cohen & Steers REIT and Preferred Income Fund by 157.1% during the 3rd quarter. Koshinski Asset Management Inc. now owns 204,968 shares of the investment management company’s stock worth $4,608,000 after acquiring an additional 125,259 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Cohen & Steers REIT and Preferred Income Fund by 809.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 137,222 shares of the investment management company’s stock worth $2,725,000 after acquiring an additional 122,129 shares during the last quarter.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of NYSE:RNP opened at $20.97 on Friday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 12 month low of $19.27 and a 12 month high of $22.99. The company’s 50-day moving average price is $20.67 and its two-hundred day moving average price is $20.53.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a $0.136 dividend. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Tuesday, June 9th.

Cohen & Steers REIT and Preferred Income Fund Profile

Cohen & Steers® REIT and Preferred Income Fund, Inc (NYSE: RNP) is a closed-end management investment company that seeks to provide current income and, to a lesser extent, capital appreciation. The Fund pursues its objectives by investing primarily in equity real estate investment trusts (REITs) and preferred securities issued by U.S. and non-U.S. real estate companies. It employs a research-driven, bottom-up selection process to identify securities that offer attractive income yields while seeking to manage downside risk through diversification across sectors and geographies.

In its equity portfolio, the Fund typically holds shares of publicly traded REITs spanning property types such as industrial, office, retail, residential and specialty real estate.