25,051 Shares in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Acquired by Wolverine Asset Management LLC

Wolverine Asset Management LLC purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 25,051 shares of the investment management company’s stock, valued at approximately $524,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WealthBridge Capital Management LLC boosted its stake in Cohen & Steers REIT and Preferred Income Fund by 4.8% during the fourth quarter. WealthBridge Capital Management LLC now owns 20,600 shares of the investment management company’s stock valued at $431,000 after buying an additional 950 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 2.9% in the fourth quarter. Private Advisor Group LLC now owns 37,844 shares of the investment management company’s stock worth $791,000 after buying an additional 1,055 shares during the period. D.A. Davidson & CO. increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 12.3% in the fourth quarter. D.A. Davidson & CO. now owns 10,254 shares of the investment management company’s stock worth $214,000 after acquiring an additional 1,125 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at approximately $1,326,000. Finally, Ellis Investment Partners LLC raised its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 2.0% during the fourth quarter. Ellis Investment Partners LLC now owns 1,228,675 shares of the investment management company’s stock valued at $25,679,000 after acquiring an additional 23,952 shares during the period.

Cohen & Steers REIT and Preferred Income Fund Stock Down 0.6 %

Cohen & Steers REIT and Preferred Income Fund stock opened at $21.80 on Monday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 52 week low of $18.77 and a 52 week high of $24.41. The company has a 50 day moving average price of $21.30 and a 200 day moving average price of $22.42.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a $0.136 dividend. This is an increase from Cohen & Steers REIT and Preferred Income Fund’s previous dividend of $0.12. This represents a yield of 8.01%. The ex-dividend date of this dividend was Tuesday, January 14th.

About Cohen & Steers REIT and Preferred Income Fund

Cohen & Steers REIT and Preferred Income Fund, Inc is a closed-ended balanced mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts.