Strategic Financial Concepts LLC Makes New $1.33 Million Investment in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Strategic Financial Concepts LLC acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 63,425 shares of the investment management company’s stock, valued at approximately $1,326,000.

Several other large investors have also modified their holdings of the stock. Spire Wealth Management purchased a new position in Cohen & Steers REIT and Preferred Income Fund during the fourth quarter worth approximately $123,000. Geneos Wealth Management Inc. purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 4th quarter worth $195,000. Monterey Private Wealth Inc. purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 4th quarter worth $207,000. Annex Advisory Services LLC acquired a new position in Cohen & Steers REIT and Preferred Income Fund in the third quarter valued at $209,000. Finally, D.A. Davidson & CO. purchased a new stake in Cohen & Steers REIT and Preferred Income Fund during the third quarter valued at about $216,000.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

NYSE RNP opened at $21.96 on Tuesday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a one year low of $18.77 and a one year high of $24.41. The company’s 50 day moving average price is $21.40 and its 200 day moving average price is $22.41.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

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

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.