Atlantic Union Bankshares Corp Reduces Stock Holdings in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Atlantic Union Bankshares Corp decreased its holdings in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,534 shares of the investment management company’s stock after selling 2,500 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $1,140,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RNP. Spire Wealth Management purchased a new position in Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at $123,000. Geneos Wealth Management Inc. purchased a new position in Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at $195,000. Monterey Private Wealth Inc. purchased a new position in Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at $207,000. D.A. Davidson & CO. lifted its position in Cohen & Steers REIT and Preferred Income Fund by 12.3% during the fourth quarter. D.A. Davidson & CO. now owns 10,254 shares of the investment management company’s stock valued at $214,000 after buying an additional 1,125 shares during the period. Finally, EP Wealth Advisors LLC purchased a new position in Cohen & Steers REIT and Preferred Income Fund during the third quarter valued at $254,000.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of Cohen & Steers REIT and Preferred Income Fund stock opened at $21.71 on Friday. The business has a fifty day simple moving average of $21.46 and a two-hundred day simple moving average of $22.41. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 12 month low of $18.77 and a 12 month high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

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

Cohen & Steers REIT and Preferred Income Fund Profile

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.