Cohen & Steers Inc (CNS) To Go Ex-Dividend on August 10th

Cohen & Steers Inc (NYSE:CNS) announced a quarterly dividend on Thursday, July 30th. Investors of record on Monday, August 10th will be given a dividend of 0.67 per share by the asset manager on Thursday, August 20th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Monday, August 10th.

Cohen & Steers has decreased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 16 years. Cohen & Steers has a dividend 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. Analysts expect Cohen & Steers to earn $3.86 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 69.4%.

Cohen & Steers Price Performance

Shares of CNS stock opened at $82.10 on Friday. The business’s fifty day moving average price is $76.80 and its 200 day moving average price is $70.03. Cohen & Steers has a 1-year low of $58.39 and a 1-year high of $84.93. The firm has a market capitalization of $4.22 billion, a PE ratio of 25.18, a P/E/G ratio of 2.01 and a beta of 1.22.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Thursday, July 16th. The asset manager reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.01). Cohen & Steers had a return on equity of 28.03% and a net margin of 28.82%.The business had revenue of $151.84 million during the quarter, compared to analysts’ expectations of $149.45 million. During the same quarter in the previous year, the company posted $0.73 EPS. The company’s revenue was up 12.2% compared to the same quarter last year. Equities research analysts expect that Cohen & Steers will post 3.49 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Elena Dulik sold 1,100 shares of the stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $83.16, for a total transaction of $91,476.00. Following the completion of the sale, the chief accounting officer owned 22,146 shares of the company’s stock, valued at approximately $1,841,661.36. This represents a 4.73% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel Noonan sold 4,360 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $77.33, for a total transaction of $337,158.80. Following the completion of the transaction, the executive vice president owned 28,682 shares in the company, valued at $2,217,979.06. The trade was a 13.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 45.40% of the company’s stock.

Institutional Investors Weigh In On Cohen & Steers

Large investors have recently made changes to their positions in the business. Wasatch Advisors LP lifted its holdings in shares of Cohen & Steers by 15.1% during the 2nd quarter. Wasatch Advisors LP now owns 2,465,698 shares of the asset manager’s stock valued at $185,790,000 after acquiring an additional 323,759 shares in the last quarter. State Street Corp grew its stake in shares of Cohen & Steers by 1.0% in the fourth quarter. State Street Corp now owns 1,180,611 shares of the asset manager’s stock valued at $74,119,000 after buying an additional 12,042 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Cohen & Steers by 4.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,174,579 shares of the asset manager’s stock valued at $73,467,000 after buying an additional 50,580 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Cohen & Steers by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,131,988 shares of the asset manager’s stock worth $71,066,000 after acquiring an additional 30,884 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Cohen & Steers by 215.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 770,149 shares of the asset manager’s stock worth $48,350,000 after acquiring an additional 526,096 shares during the period. Institutional investors and hedge funds own 51.47% of the company’s stock.

About Cohen & Steers

Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.

The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).