Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Stock Short Interest Report for October

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totaling 14,391 shares, a decline of 61.5% from the September 30th total of 37,374 shares. Based on an average daily trading volume, of 147,910 shares, the days-to-cover ratio is presently 0.1 days.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of NYSE RNP traded down $0.02 during trading on Friday, hitting $18.90. 139,273 shares of the company were exchanged, compared to its average volume of 123,198. Cohen & Steers REIT and Preferred Income Fund has a 1 year low of $18.01 and a 1 year high of $21.86. The firm’s fifty day moving average price is $19.14 and its 200 day moving average price is $20.27.

Institutional Investors Weigh In On Cohen & Steers REIT and Preferred Income Fund

A number of large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. increased its position in Cohen & Steers REIT and Preferred Income Fund by 9.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,123 shares of the investment management company’s stock worth $327,000 after purchasing an additional 1,395 shares in the last quarter. Next Level Wealth Planning LLC purchased a new position in Cohen & Steers REIT and Preferred Income Fund during the third quarter worth approximately $36,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 2nd quarter valued at $44,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 2nd quarter worth $77,000. Finally, Royal Bank of Canada increased its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 2.4% during the 1st quarter. Royal Bank of Canada now owns 313,200 shares of the investment management company’s stock worth $6,189,000 after buying an additional 7,430 shares during the last quarter.

About Cohen & Steers REIT and Preferred Income Fund

Cohen & Steers REIT and Preferred Income Fund, Inc is a closed-end investment fund listed on the New York Stock Exchange under the symbol RNP. The fund is managed by Cohen & Steers, a specialized investment manager focused on real assets and income-oriented securities.

RNP seeks to provide a high level of current income, with capital appreciation as a secondary objective. Its portfolio generally combines publicly traded real estate investment trusts (REITs) and other real estate securities with preferred securities issued by companies in a range of industries.