Johnson Financial Group Inc. Invests $2.92 Million in Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP

Johnson Financial Group Inc. purchased a new position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 143,872 shares of the investment management company’s stock, valued at approximately $2,921,000.

Several other institutional investors also recently added to or reduced their stakes in RNP. Ellis Investment Partners LLC boosted its stake in Cohen & Steers REIT and Preferred Income Fund by 1.1% in the fourth quarter. Ellis Investment Partners LLC now owns 1,226,761 shares of the investment management company’s stock valued at $24,363,000 after acquiring an additional 13,699 shares during the last quarter. Ameriprise Financial Inc. increased its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 25.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 745,094 shares of the investment management company’s stock worth $16,751,000 after purchasing an additional 152,572 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 1.9% during the 2nd quarter. Raymond James Financial Inc. now owns 705,164 shares of the investment management company’s stock worth $16,057,000 after purchasing an additional 13,218 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 41.3% in the 4th quarter. Wells Fargo & Company MN now owns 686,030 shares of the investment management company’s stock worth $13,625,000 after purchasing an additional 200,429 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 9.4% in the 1st quarter. Bank of America Corp DE now owns 600,823 shares of the investment management company’s stock worth $11,872,000 after purchasing an additional 51,660 shares during the period.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of NYSE RNP opened at $20.51 on Thursday. The stock has a fifty day simple moving average of $20.48 and a two-hundred day simple moving average of $20.69. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 1-year low of $19.27 and a 1-year high of $22.58.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.136 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date of this dividend is Tuesday, September 8th.

About Cohen & Steers REIT and Preferred Income Fund

Cohen & Steers® REIT and Preferred Income Fund, Inc (NYSE: RNP) is a closed-end management investment company that seeks to provide current income and, to a lesser extent, capital appreciation. The Fund pursues its objectives by investing primarily in equity real estate investment trusts (REITs) and preferred securities issued by U.S. and non-U.S. real estate companies. It employs a research-driven, bottom-up selection process to identify securities that offer attractive income yields while seeking to manage downside risk through diversification across sectors and geographies.

In its equity portfolio, the Fund typically holds shares of publicly traded REITs spanning property types such as industrial, office, retail, residential and specialty real estate.