Cohen & Steers (NYSE:CNS) Announces Earnings Results

Cohen & Steers (NYSE:CNS) announced its quarterly earnings results on Wednesday. The asset manager reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.01), Zacks reports. The company had revenue of $133.79 million during the quarter, compared to analyst estimates of $130.64 million. Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%. During the same quarter last year, the business earned $0.68 EPS.

Cohen & Steers Trading Down 1.1 %

NYSE CNS opened at $73.89 on Thursday. The stock has a market cap of $3.77 billion, a P/E ratio of 24.88 and a beta of 1.46. The company’s fifty day simple moving average is $80.80 and its 200-day simple moving average is $90.68. Cohen & Steers has a 52 week low of $64.13 and a 52 week high of $110.67.

Cohen & Steers Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were given a $0.62 dividend. This is an increase from Cohen & Steers’s previous quarterly dividend of $0.59. The ex-dividend date was Monday, March 3rd. This represents a $2.48 annualized dividend and a yield of 3.36%. Cohen & Steers’s dividend payout ratio (DPR) is 83.50%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI reduced their target price on Cohen & Steers from $94.00 to $78.00 and set an “outperform” rating on the stock in a report on Friday, April 11th.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a holding company, which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.