Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Shares Sold by Ellis Investment Partners LLC

Ellis Investment Partners LLC lessened its stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 5.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,204,723 shares of the investment management company’s stock after selling 68,847 shares during the quarter. Cohen & Steers REIT and Preferred Income Fund comprises 5.6% of Ellis Investment Partners LLC’s investment portfolio, making the stock its 2nd biggest position. Ellis Investment Partners LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $28,516,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its position in Cohen & Steers REIT and Preferred Income Fund by 10.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,804 shares of the investment management company’s stock valued at $303,000 after acquiring an additional 1,198 shares during the last quarter. Consolidated Portfolio Review Corp grew its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 2.0% during the third quarter. Consolidated Portfolio Review Corp now owns 87,548 shares of the investment management company’s stock worth $2,072,000 after purchasing an additional 1,739 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the third quarter worth about $691,000. International Assets Investment Management LLC grew its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 2,232.8% during the third quarter. International Assets Investment Management LLC now owns 322,930 shares of the investment management company’s stock worth $7,644,000 after purchasing an additional 309,087 shares during the last quarter. Finally, Venture Visionary Partners LLC grew its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 4.4% during the third quarter. Venture Visionary Partners LLC now owns 30,558 shares of the investment management company’s stock worth $723,000 after purchasing an additional 1,281 shares during the last quarter.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

RNP stock traded down $0.17 during trading on Friday, hitting $23.41. The company had a trading volume of 87,169 shares, compared to its average volume of 105,676. The business has a 50-day moving average of $23.37 and a 200-day moving average of $21.54. Cohen & Steers REIT and Preferred Income Fund, Inc. has a one year low of $15.59 and a one year high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 10th will be issued a $0.136 dividend. This represents a $1.63 annualized dividend and a yield of 6.97%. The ex-dividend date is Tuesday, December 10th.

About Cohen & Steers REIT and Preferred Income Fund

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.