Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Announces Monthly Dividend of $0.14

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) declared a monthly dividend on Tuesday, March 24th. Shareholders of record on Tuesday, April 14th will be paid a dividend of 0.136 per share by the investment management company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date is Tuesday, April 14th.

Cohen & Steers REIT and Preferred Income Fund Stock Down 1.4%

Shares of RNP stock opened at $19.57 on Wednesday. Cohen & Steers REIT and Preferred Income Fund has a fifty-two week low of $19.00 and a fifty-two week high of $22.99. The firm’s 50 day moving average price is $20.82 and its two-hundred day moving average price is $20.92.

Hedge Funds Weigh In On Cohen & Steers REIT and Preferred Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Global Retirement Partners LLC acquired a new stake in Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter valued at $38,000. Heritage Wealth Advisors acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the fourth quarter worth about $35,000. Eastern Bank acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the third quarter worth about $54,000. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the fourth quarter worth about $59,000. Finally, CX Institutional purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the third quarter worth about $68,000.

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.