Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Sees Significant Increase in Short Interest

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) saw a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 142,700 shares, an increase of 53.1% from the February 28th total of 93,200 shares. Based on an average trading volume of 120,600 shares, the short-interest ratio is currently 1.2 days.

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

A number of institutional investors have recently modified their holdings of the stock. Ameriflex Group Inc. purchased a new stake in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at about $32,000. TD Waterhouse Canada Inc. purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at approximately $104,000. Spire Wealth Management purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at approximately $123,000. Elequin Capital LP bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at approximately $131,000. Finally, Geneos Wealth Management Inc. purchased a new position in Cohen & Steers REIT and Preferred Income Fund in the 4th quarter worth approximately $195,000.

Cohen & Steers REIT and Preferred Income Fund Trading Up 0.4 %

NYSE:RNP traded up $0.09 during mid-day trading on Monday, hitting $22.03. 134,520 shares of the company’s stock were exchanged, compared to its average volume of 105,036. Cohen & Steers REIT and Preferred Income Fund has a one year low of $18.77 and a one year high of $24.41. The business has a fifty day moving average price of $21.76 and a 200 day moving average price of $22.24.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $0.136 per share. This represents a yield of 7.5%. The ex-dividend date is Tuesday, June 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.