RB Capital Management LLC Sells 599 Shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

RB Capital Management LLC reduced its stake in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 2.3% in the third quarter, Holdings Channel reports. The fund owned 25,771 shares of the investment management company’s stock after selling 599 shares during the quarter. RB Capital Management LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $610,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of RNP. EverSource Wealth Advisors LLC bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the second quarter valued at approximately $61,000. Annex Advisory Services LLC purchased a new position in Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter valued at approximately $209,000. D.A. Davidson & CO. bought a new stake in Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter valued at $216,000. XML Financial LLC purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the second quarter worth $230,000. Finally, Lakeridge Wealth Management LLC bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the third quarter worth $231,000.

Cohen & Steers REIT and Preferred Income Fund Trading Down 0.7 %

Shares of NYSE RNP opened at $22.56 on Tuesday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a fifty-two week low of $18.77 and a fifty-two week high of $24.41. The stock has a fifty day moving average of $23.07 and a 200-day moving average of $22.18.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.136 per share. This represents a $1.63 annualized dividend and a dividend yield of 7.23%. The ex-dividend date of this dividend is Tuesday, December 10th.

Cohen & Steers REIT and Preferred Income Fund 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.