Johnson Financial Group Inc. Purchases New Position in Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP

Johnson Financial Group Inc. acquired a new position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 143,872 shares of the investment management company’s stock, valued at approximately $2,921,000.

A number of other hedge funds have also bought and sold shares of RNP. Wolverine Asset Management LLC bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at $2,527,000. XML Financial LLC boosted its stake in Cohen & Steers REIT and Preferred Income Fund by 34.5% in the 1st quarter. XML Financial LLC now owns 561,075 shares of the investment management company’s stock worth $11,087,000 after purchasing an additional 144,035 shares during the period. Independent Financial Group LLC purchased a new position in Cohen & Steers REIT and Preferred Income Fund during the 1st quarter valued at about $757,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 809.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 137,222 shares of the investment management company’s stock valued at $2,725,000 after buying an additional 122,129 shares during the period. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at about $1,709,000.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

RNP stock opened at $20.51 on Thursday. The firm has a 50 day moving average of $20.48 and a 200-day moving average of $20.69. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 12 month low of $19.27 and a 12 month high of $22.58.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

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

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.