Ellis Investment Partners LLC Has $25.68 Million Stock Position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Ellis Investment Partners LLC raised its stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,228,675 shares of the investment management company’s stock after acquiring an additional 23,952 shares during the period. Cohen & Steers REIT and Preferred Income Fund comprises about 5.1% of Ellis Investment Partners LLC’s investment portfolio, making the stock its 3rd largest position. Ellis Investment Partners LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $25,679,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC boosted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 37.9% in the 3rd quarter. HighTower Advisors LLC now owns 21,406 shares of the investment management company’s stock valued at $507,000 after purchasing an additional 5,883 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Cohen & Steers REIT and Preferred Income Fund by 10.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,804 shares of the investment management company’s stock valued at $303,000 after buying an additional 1,198 shares in the last quarter. Stifel Financial Corp bought a new stake in Cohen & Steers REIT and Preferred Income Fund during the third quarter worth about $271,000. Creative Planning acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the third quarter worth approximately $258,000. Finally, Good Life Advisors LLC bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the third quarter valued at approximately $349,000.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

NYSE RNP opened at $21.81 on Friday. The stock’s 50 day simple moving average is $21.32 and its 200 day simple moving average is $22.41. Cohen & Steers REIT and Preferred Income Fund, Inc. has a one year low of $18.77 and a one year high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

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

About Cohen & Steers REIT and Preferred Income Fund

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.