Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Short Interest Update

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the recipient of a large increase in short interest in March. As of March 15th, there was short interest totalling 142,700 shares, an increase of 53.1% from the February 28th total of 93,200 shares. Based on an average daily volume of 120,600 shares, the days-to-cover ratio is currently 1.2 days.

Cohen & Steers REIT and Preferred Income Fund Trading Down 0.4 %

NYSE RNP traded down $0.09 during mid-day trading on Tuesday, hitting $21.98. The company’s stock had a trading volume of 49,638 shares, compared to its average volume of 114,216. Cohen & Steers REIT and Preferred Income Fund has a 52-week low of $18.77 and a 52-week high of $24.41. The stock’s fifty day simple moving average is $21.77 and its two-hundred day simple moving average is $22.22.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The firm also recently announced a — dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a dividend of $0.136 per share. The ex-dividend date is Tuesday, June 10th. This represents a dividend yield of 7.5%.

Institutional Trading of Cohen & Steers REIT and Preferred Income Fund

A number of institutional investors have recently added to or reduced their stakes in RNP. Wealth Enhancement Advisory Services LLC grew its holdings in Cohen & Steers REIT and Preferred Income Fund by 15.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,803 shares of the investment management company’s stock valued at $309,000 after purchasing an additional 1,999 shares in the last quarter. Shufro Rose & Co. LLC grew its stake in Cohen & Steers REIT and Preferred Income Fund by 4.7% during the 4th quarter. Shufro Rose & Co. LLC now owns 44,400 shares of the investment management company’s stock valued at $928,000 after purchasing an additional 2,000 shares in the last quarter. Ameriflex Group Inc. purchased a new stake in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth approximately $32,000. Elequin Capital LP purchased a new stake in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth approximately $131,000. Finally, Cetera Investment Advisers boosted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 11.8% during the 4th quarter. Cetera Investment Advisers now owns 121,965 shares of the investment management company’s stock valued at $2,549,000 after buying an additional 12,849 shares during the last quarter.

Cohen & Steers REIT and Preferred Income Fund Company Profile

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.