Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Shares Sold by TFG Advisers LLC

TFG Advisers LLC trimmed its stake in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,159 shares of the investment management company’s stock after selling 431 shares during the period. TFG Advisers LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $288,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of RNP. Cetera Investment Advisers acquired a new position in Cohen & Steers REIT and Preferred Income Fund during the first quarter worth $1,710,000. Consolidated Portfolio Review Corp raised its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 400.9% during the 2nd quarter. Consolidated Portfolio Review Corp now owns 85,809 shares of the investment management company’s stock worth $1,748,000 after buying an additional 68,679 shares during the last quarter. Ellis Investment Partners LLC boosted its position in shares of Cohen & Steers REIT and Preferred Income Fund by 4.8% in the 2nd quarter. Ellis Investment Partners LLC now owns 1,273,570 shares of the investment management company’s stock worth $25,943,000 after buying an additional 58,729 shares in the last quarter. Investment Planning Advisors Inc. acquired a new stake in Cohen & Steers REIT and Preferred Income Fund in the 2nd quarter valued at about $928,000. Finally, Secure Asset Management LLC purchased a new position in Cohen & Steers REIT and Preferred Income Fund during the 2nd quarter valued at about $351,000.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

RNP traded up $0.01 during midday trading on Wednesday, reaching $23.54. 14,135 shares of the company’s stock were exchanged, compared to its average volume of 105,709. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 1-year low of $15.52 and a 1-year high of $24.41. The business’s 50-day moving average price is $23.28 and its 200 day moving average price is $21.48.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be paid a $0.136 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date of this dividend is Tuesday, December 10th.

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.