Cohen & Steers Inc (CNS) to Distribute Quarterly Dividend of $0.67 on November 19th

Cohen & Steers Inc (NYSE:CNS) announced a quarterly dividend on Thursday, October 29th. Investors of record on Monday, November 9th will be paid a dividend of $0.67 per share by the asset manager on Thursday, November 19th. This represents a $2.68 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, November 9th.

Cohen & Steers has a payout ratio of 81.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Cohen & Steers to earn $3.68 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 72.8%.

Cohen & Steers Stock Down 0.2%

NYSE:CNS opened at $73.12 on Friday. The firm has a market cap of $3.76 billion, a PE ratio of 22.43, a price-to-earnings-growth ratio of 3.17 and a beta of 1.19. The company’s 50-day moving average price is $73.40 and its two-hundred day moving average price is $72.15. Cohen & Steers has a 12 month low of $58.39 and a 12 month high of $86.56.

Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Thursday, October 15th. The asset manager reported $0.89 earnings per share for the quarter, hitting the consensus estimate of $0.89. Cohen & Steers had a return on equity of 26.90% and a net margin of 28.16%. The company had revenue of $156.41 million during the quarter, compared to analysts’ expectations of $155.12 million. During the same period in the prior year, the firm earned $0.81 earnings per share. Cohen & Steers’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, research analysts expect that Cohen & Steers will post 3.49 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CNS. Evercore restated an “outperform” rating and issued a $88.00 price objective on shares of Cohen & Steers in a research note on Monday, August 10th. Zacks Research downgraded shares of Cohen & Steers from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 15th. Finally, Weiss Ratings lowered shares of Cohen & Steers from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cohen & Steers presently has an average rating of “Hold” and a consensus price target of $88.00.

About Cohen & Steers

Cohen & Steers, Inc is a global investment management company specializing in real assets and alternative income. The firm manages investment strategies focused on real estate securities, infrastructure, natural resource equities, commodities, preferred securities and other income-oriented assets.

Its products and services include mutual funds, exchange-traded funds, separately managed accounts, institutional portfolios and private-market strategies. Cohen & Steers serves institutional investors, financial intermediaries and individual investors through a range of publicly traded and privately held investment vehicles.

Founded in 1986 by Martin Cohen and Robert Steers, the company is headquartered in New York City and serves clients in North America, Europe and Asia.