Cohen & Steers, Inc. (NYSE:CNS) Sees Significant Growth in Short Interest

Cohen & Steers, Inc. (NYSE:CNS) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,890,000 shares, an increase of 18.9% from the October 31st total of 1,590,000 shares. Based on an average daily volume of 209,200 shares, the short-interest ratio is currently 9.0 days. Approximately 7.0% of the shares of the stock are sold short.

Cohen & Steers Stock Performance

NYSE CNS opened at $103.73 on Tuesday. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of 38.67 and a beta of 1.52. Cohen & Steers has a one year low of $60.26 and a one year high of $110.67. The firm has a 50 day simple moving average of $99.46 and a 200-day simple moving average of $86.43.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings results on Wednesday, October 16th. The asset manager reported $0.77 EPS for the quarter, beating the consensus estimate of $0.74 by $0.03. The firm had revenue of $133.20 million for the quarter, compared to analyst estimates of $124.18 million. Cohen & Steers had a net margin of 27.23% and a return on equity of 32.75%. Cohen & Steers’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.70 earnings per share.

Cohen & Steers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Monday, November 18th were given a dividend of $0.59 per share. The ex-dividend date was Monday, November 18th. This represents a $2.36 annualized dividend and a dividend yield of 2.28%. Cohen & Steers’s dividend payout ratio (DPR) is currently 88.06%.

Analyst Upgrades and Downgrades

CNS has been the subject of a number of analyst reports. Evercore ISI lifted their price target on Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group upgraded shares of Cohen & Steers from a “sell” rating to a “neutral” rating and raised their target price for the stock from $63.00 to $102.00 in a report on Thursday, October 17th.

Institutional Investors Weigh In On Cohen & Steers

A number of institutional investors and hedge funds have recently modified their holdings of CNS. CANADA LIFE ASSURANCE Co increased its position in Cohen & Steers by 10.4% during the first quarter. CANADA LIFE ASSURANCE Co now owns 9,400 shares of the asset manager’s stock worth $723,000 after acquiring an additional 883 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Cohen & Steers by 6.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 16,220 shares of the asset manager’s stock valued at $1,248,000 after purchasing an additional 941 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Cohen & Steers by 115.1% in the second quarter. GAMMA Investing LLC now owns 370 shares of the asset manager’s stock worth $27,000 after buying an additional 198 shares during the period. Harbor Capital Advisors Inc. grew its holdings in Cohen & Steers by 292.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 12,236 shares of the asset manager’s stock worth $888,000 after buying an additional 9,119 shares in the last quarter. Finally, Hunter Perkins Capital Management LLC lifted its position in shares of Cohen & Steers by 9.8% during the 2nd quarter. Hunter Perkins Capital Management LLC now owns 28,923 shares of the asset manager’s stock valued at $2,099,000 after acquiring an additional 2,580 shares during the last quarter. 51.47% of the stock is owned by institutional investors.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.