Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP Stock Holdings Decreased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC reduced its stake in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 22.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 187,705 shares of the investment management company’s stock after selling 54,395 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $3,728,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. Ellis Investment Partners LLC boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 1.1% during the fourth quarter. Ellis Investment Partners LLC now owns 1,226,761 shares of the investment management company’s stock worth $24,363,000 after purchasing an additional 13,699 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 25.7% during the third quarter. Ameriprise Financial Inc. now owns 745,094 shares of the investment management company’s stock worth $16,751,000 after purchasing an additional 152,572 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 1.9% during the second quarter. Raymond James Financial Inc. now owns 705,164 shares of the investment management company’s stock worth $16,057,000 after purchasing an additional 13,218 shares during the period. Bank of America Corp DE boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 2.1% during the third quarter. Bank of America Corp DE now owns 592,485 shares of the investment management company’s stock worth $13,319,000 after purchasing an additional 12,408 shares during the period. Finally, XML Financial LLC boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 20.5% during the fourth quarter. XML Financial LLC now owns 417,040 shares of the investment management company’s stock worth $8,282,000 after purchasing an additional 70,824 shares during the period.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

RNP stock opened at $20.64 on Tuesday. The firm has a 50 day simple moving average of $20.69 and a 200 day simple moving average of $20.53. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 52 week low of $19.27 and a 52 week high of $22.99.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a dividend of $0.136 per share. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date is Tuesday, June 9th.

Cohen & Steers REIT and Preferred Income Fund Company 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.