Strategic Financial Concepts LLC Buys Shares of 63,425 Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Strategic Financial Concepts LLC bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 63,425 shares of the investment management company’s stock, valued at approximately $1,326,000.

A number of other hedge funds have also made changes to their positions in RNP. Cetera Investment Advisers raised its holdings in Cohen & Steers REIT and Preferred Income Fund by 14.7% in the second quarter. Cetera Investment Advisers now owns 93,270 shares of the investment management company’s stock valued at $1,900,000 after acquiring an additional 11,958 shares in the last quarter. Annex Advisory Services LLC acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter valued at about $209,000. Koshinski Asset Management Inc. lifted its position in shares of Cohen & Steers REIT and Preferred Income Fund by 5.6% during the third quarter. Koshinski Asset Management Inc. now owns 66,597 shares of the investment management company’s stock worth $1,576,000 after purchasing an additional 3,552 shares during the last quarter. Creative Planning acquired a new position in Cohen & Steers REIT and Preferred Income Fund in the third quarter worth about $258,000. Finally, Good Life Advisors LLC acquired a new position in Cohen & Steers REIT and Preferred Income Fund in the third quarter worth about $349,000.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

Shares of NYSE RNP opened at $21.96 on Tuesday. The stock’s 50 day moving average price is $21.40 and its two-hundred day moving average price is $22.41. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 52-week low of $18.77 and a 52-week high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a dividend of $0.136 per share. This is a positive change from Cohen & Steers REIT and Preferred Income Fund’s previous dividend of $0.12. This represents a dividend yield of 8.01%. The ex-dividend date was Tuesday, January 14th.

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.