Cohen & Steers, Inc. (NYSE:CNS) declared a quarterly dividend on Thursday, February 20th, Fidelity reports. Investors of record on Monday, March 2nd will be paid a dividend of 0.39 per share by the asset manager on Thursday, March 12th. This represents a $1.56 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Friday, February 28th.
Cohen & Steers has raised its dividend payment by an average of 11.7% per year over the last three years and has increased its dividend annually for the last 8 consecutive years. Cohen & Steers has a dividend payout ratio of 51.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cohen & Steers to earn $3.30 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 47.3%.
Cohen & Steers stock opened at $72.08 on Thursday. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 25.93, a price-to-earnings-growth ratio of 2.92 and a beta of 0.86. Cohen & Steers has a 1 year low of $40.35 and a 1 year high of $78.23. The firm has a 50-day moving average of $71.85 and a two-hundred day moving average of $62.93.
Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.74 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.06. The business had revenue of $109.85 million for the quarter, compared to analyst estimates of $104.18 million. Cohen & Steers had a net margin of 33.07% and a return on equity of 48.90%. Cohen & Steers’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.56 EPS. On average, research analysts predict that Cohen & Steers will post 2.98 earnings per share for the current year.
Several research firms recently issued reports on CNS. Evercore ISI restated a “buy” rating and set a $65.00 price objective on shares of Cohen & Steers in a research report on Wednesday, November 13th. ValuEngine upgraded shares of Cohen & Steers from a “sell” rating to a “hold” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $53.00.
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.
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