XML Financial LLC Acquires 144,035 Shares of Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP

XML Financial LLC lifted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 34.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 561,075 shares of the investment management company’s stock after acquiring an additional 144,035 shares during the quarter. Cohen & Steers REIT and Preferred Income Fund accounts for about 0.9% of XML Financial LLC’s holdings, making the stock its 29th largest position. XML Financial LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $11,087,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Heritage Wealth Advisors purchased a new position in Cohen & Steers REIT and Preferred Income Fund in the fourth quarter worth $35,000. Murphy Middleton Hinkle & Parker Inc. purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at $59,000. US Bancorp DE increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 182.1% during the 3rd quarter. US Bancorp DE now owns 3,557 shares of the investment management company’s stock valued at $80,000 after purchasing an additional 2,296 shares during the last quarter. Triumph Capital Management purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter valued at $109,000. Finally, Cornerstone Wealth Management LLC raised its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 14.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 10,693 shares of the investment management company’s stock worth $212,000 after purchasing an additional 1,347 shares during the period.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of NYSE:RNP opened at $19.98 on Monday. The company’s 50-day moving average is $20.76 and its 200 day moving average is $20.53. Cohen & Steers REIT and Preferred Income Fund, Inc. has a fifty-two week low of $19.27 and a fifty-two week high of $22.99.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a $0.136 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a c) annualized dividend and a yield of 8.2%.

Cohen & Steers REIT and Preferred Income Fund Profile

Cohen & Steers® REIT and Preferred Income Fund, Inc (NYSE: RNP) is a closed-end management investment company that seeks to provide current income and, to a lesser extent, capital appreciation. The Fund pursues its objectives by investing primarily in equity real estate investment trusts (REITs) and preferred securities issued by U.S. and non-U.S. real estate companies. It employs a research-driven, bottom-up selection process to identify securities that offer attractive income yields while seeking to manage downside risk through diversification across sectors and geographies.

In its equity portfolio, the Fund typically holds shares of publicly traded REITs spanning property types such as industrial, office, retail, residential and specialty real estate.