Short Interest in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Declines By 92.2%

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 2,242 shares, a decline of 92.2% from the May 31st total of 28,636 shares. Based on an average daily volume of 169,180 shares, the days-to-cover ratio is presently 0.0 days.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

RNP traded down $0.04 on Thursday, reaching $20.28. The company’s stock had a trading volume of 149,452 shares, compared to its average volume of 128,818. Cohen & Steers REIT and Preferred Income Fund has a fifty-two week low of $19.27 and a fifty-two week high of $22.99. The stock has a 50 day moving average of $20.72 and a two-hundred day moving average of $20.52.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.136 per share. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date is Tuesday, September 8th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of RNP. Ellis Investment Partners LLC lifted its position in Cohen & Steers REIT and Preferred Income Fund by 1.1% in the fourth quarter. Ellis Investment Partners LLC now owns 1,226,761 shares of the investment management company’s stock valued at $24,363,000 after acquiring an additional 13,699 shares during the last quarter. Ameriprise Financial Inc. grew 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 last quarter. Raymond James Financial Inc. increased its position 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 in the last quarter. Wells Fargo & Company MN increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 41.3% during the fourth quarter. Wells Fargo & Company MN now owns 686,030 shares of the investment management company’s stock worth $13,625,000 after purchasing an additional 200,429 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 9.4% in the 1st quarter. Bank of America Corp DE now owns 600,823 shares of the investment management company’s stock valued at $11,872,000 after purchasing an additional 51,660 shares during the last quarter.

About Cohen & Steers REIT and Preferred Income Fund

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.