Short Interest in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Rises By 81.0%

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 28,636 shares, a growth of 81.0% from the May 14th total of 15,821 shares. Based on an average trading volume of 86,109 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Ellis Investment Partners LLC increased its stake in shares of 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 worth $24,363,000 after buying an additional 13,699 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 25.7% in the third quarter. Ameriprise Financial Inc. now owns 745,094 shares of the investment management company’s stock worth $16,751,000 after buying an additional 152,572 shares during the period. Raymond James Financial Inc. increased its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 1.9% in the second quarter. Raymond James Financial Inc. now owns 705,164 shares of the investment management company’s stock worth $16,057,000 after buying an additional 13,218 shares during the period. Wells Fargo & Company MN increased its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 41.3% in the fourth quarter. Wells Fargo & Company MN now owns 686,030 shares of the investment management company’s stock worth $13,625,000 after buying an additional 200,429 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 9.4% in the first quarter. Bank of America Corp DE now owns 600,823 shares of the investment management company’s stock worth $11,872,000 after buying an additional 51,660 shares during the period.

Cohen & Steers REIT and Preferred Income Fund Trading Up 0.1%

Shares of RNP stock traded up $0.02 during trading hours on Monday, hitting $20.53. 52,607 shares of the company’s stock were exchanged, compared to its average volume of 127,627. Cohen & Steers REIT and Preferred Income Fund has a 12-month low of $19.27 and a 12-month high of $22.99. The business’s 50 day simple moving average is $20.77 and its 200-day simple moving average is $20.54.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

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

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.