Cohen & Steers (NYSE:CNS) CAO Elena Dulik Sells 1,100 Shares

Cohen & Steers Inc (NYSE:CNS) CAO Elena Dulik sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $83.16, for a total value of $91,476.00. Following the transaction, the chief accounting officer owned 22,146 shares of the company’s stock, valued at $1,841,661.36. This trade represents a 4.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Cohen & Steers Stock Performance

CNS opened at $82.03 on Wednesday. The stock’s 50 day moving average price is $76.21 and its 200-day moving average price is $69.75. Cohen & Steers Inc has a one year low of $58.39 and a one year high of $84.93. The stock has a market cap of $4.22 billion, a price-to-earnings ratio of 25.16, a P/E/G ratio of 2.00 and a beta of 1.22.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Thursday, July 16th. The asset manager reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $149.45 million. During the same period in the prior year, the business posted $0.73 earnings per share. Cohen & Steers’s revenue was up 12.2% on a year-over-year basis. As a group, analysts predict that Cohen & Steers Inc will post 3.59 earnings per share for the current fiscal year.

Cohen & Steers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Monday, May 11th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, May 11th. Cohen & Steers’s dividend payout ratio (DPR) is 82.21%.

Institutional Trading of Cohen & Steers

Several institutional investors and hedge funds have recently made changes to their positions in CNS. Kestra Advisory Services LLC purchased a new stake in Cohen & Steers in the fourth quarter worth about $28,000. Geneos Wealth Management Inc. increased its position in Cohen & Steers by 345.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager’s stock valued at $31,000 after purchasing an additional 297 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in Cohen & Steers during the 4th quarter valued at about $31,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of Cohen & Steers by 110.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 569 shares of the asset manager’s stock valued at $36,000 after purchasing an additional 299 shares in the last quarter. Finally, Hantz Financial Services Inc. raised its holdings in shares of Cohen & Steers by 754.9% in the 4th quarter. Hantz Financial Services Inc. now owns 607 shares of the asset manager’s stock valued at $38,000 after purchasing an additional 536 shares in the last quarter. 51.47% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CNS has been the topic of a number of research analyst reports. Evercore restated an “outperform” rating and issued a $84.00 price target on shares of Cohen & Steers in a report on Friday, July 10th. Weiss Ratings upgraded shares of Cohen & Steers from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, June 29th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $76.00.

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).