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 significant growth in short interest during the month of 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 daily volume of 86,109 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ellis Investment Partners LLC boosted its holdings in 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 valued at $24,363,000 after purchasing an additional 13,699 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Cohen & Steers REIT and Preferred Income Fund by 25.7% during the third quarter. Ameriprise Financial Inc. now owns 745,094 shares of the investment management company’s stock valued at $16,751,000 after buying an additional 152,572 shares in the last quarter. Raymond James Financial Inc. raised its stake in Cohen & Steers REIT and Preferred Income Fund by 1.9% during the second quarter. Raymond James Financial Inc. now owns 705,164 shares of the investment management company’s stock valued at $16,057,000 after buying an additional 13,218 shares in the last quarter. Wells Fargo & Company MN raised its stake in Cohen & Steers REIT and Preferred Income Fund by 41.3% during the fourth quarter. Wells Fargo & Company MN now owns 686,030 shares of the investment management company’s stock valued at $13,625,000 after buying an additional 200,429 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in Cohen & Steers REIT and Preferred Income Fund by 9.4% during the first quarter. Bank of America Corp DE now owns 600,823 shares of the investment management company’s stock valued at $11,872,000 after buying an additional 51,660 shares in the last quarter.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of RNP opened at $20.49 on Wednesday. Cohen & Steers REIT and Preferred Income Fund has a one year low of $19.27 and a one year high of $22.99. The stock has a 50-day moving average price of $20.78 and a 200 day moving average price of $20.54.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $0.136 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 8.0%.

Cohen & Steers REIT and Preferred Income Fund Company Profile

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.