Cohen & Steers (NYSE:CNS) EVP Daniel Noonan Sells 4,360 Shares of Stock

Cohen & Steers Inc (NYSE:CNS) EVP Daniel Noonan sold 4,360 shares of the firm’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $77.33, for a total value of $337,158.80. Following the sale, the executive vice president directly owned 28,682 shares of the company’s stock, valued at $2,217,979.06. This represents a 13.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Cohen & Steers Price Performance

CNS stock opened at $76.61 on Wednesday. The business has a fifty day moving average price of $70.26 and a 200 day moving average price of $66.53. Cohen & Steers Inc has a fifty-two week low of $58.39 and a fifty-two week high of $78.81. The stock has a market capitalization of $3.94 billion, a price-to-earnings ratio of 25.28, a P/E/G ratio of 2.19 and a beta of 1.25.

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

Cohen & Steers Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, May 11th. Cohen & Steers’s dividend payout ratio (DPR) is currently 88.45%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. boosted its position in shares of Cohen & Steers by 345.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock worth $31,000 after purchasing an additional 297 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Cohen & Steers in the 4th quarter worth $28,000. Aster Capital Management DIFC Ltd bought a new position in shares of Cohen & Steers in the 4th quarter worth $31,000. Caitong International Asset Management Co. Ltd boosted its position 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 purchasing an additional 299 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of Cohen & Steers by 754.9% in the 4th quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock worth $38,000 after purchasing an additional 536 shares during the last quarter. 51.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CNS shares. Evercore reaffirmed an “outperform” rating and set a $82.00 price target on shares of Cohen & Steers in a report on Monday, June 8th. Zacks Research upgraded Cohen & Steers from a “strong sell” rating to a “hold” rating in a research report on Friday, March 27th. Finally, Weiss Ratings upgraded Cohen & Steers from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Cohen & Steers has an average rating of “Hold” and a consensus price target of $75.00.

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).