Cohen & Steers Inc (NYSE:CNS) Plans Quarterly Dividend of $0.67

Cohen & Steers Inc (NYSE:CNS) declared a quarterly dividend on Thursday, April 30th. Investors of record on Monday, May 11th will be paid a dividend of 0.67 per share by the asset manager on Thursday, May 21st. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, May 11th.

Cohen & Steers has decreased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 16 consecutive years. Cohen & Steers has a dividend payout ratio of 81.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Cohen & Steers to earn $3.78 per share next year, which means the company should continue to be able to cover its $2.68 annual dividend with an expected future payout ratio of 70.9%.

Cohen & Steers Stock Performance

Shares of CNS opened at $70.28 on Friday. The firm has a market cap of $3.61 billion, a PE ratio of 23.19, a PEG ratio of 1.76 and a beta of 1.26. The firm’s 50 day moving average price is $65.04 and its 200 day moving average price is $65.23. Cohen & Steers has a twelve month low of $58.39 and a twelve month high of $83.99.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Thursday, April 16th. The asset manager reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.03). The business had revenue of $144.26 million for the quarter, compared to the consensus estimate of $140.62 million. Cohen & Steers had a net margin of 27.47% and a return on equity of 28.21%. Cohen & Steers’s revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 EPS. On average, sell-side analysts anticipate that Cohen & Steers will post 3.38 earnings per share for the current fiscal year.

Insider Activity at Cohen & Steers

In other news, EVP Francis C. Poli sold 10,000 shares of Cohen & Steers stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $65.73, for a total value of $657,300.00. Following the transaction, the executive vice president owned 55,675 shares of the company’s stock, valued at $3,659,517.75. This trade represents a 15.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 45.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cohen & Steers

Institutional investors have recently modified their holdings of the company. Geneos Wealth Management Inc. raised its position in shares of Cohen & Steers by 345.3% in the first quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 297 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Cohen & Steers in the fourth quarter worth $28,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Cohen & Steers in the fourth quarter worth $31,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Cohen & Steers by 110.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager’s stock worth $36,000 after acquiring an additional 299 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of Cohen & Steers by 754.9% in the fourth quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock worth $38,000 after acquiring an additional 536 shares during the last quarter. Institutional investors own 51.47% of the company’s stock.

About Cohen & Steers

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).