Cohen & Steers (NYSE:CNS) EVP Daniel Noonan Sells 4,360 Shares

Cohen & Steers Inc (NYSE:CNS) EVP Daniel Noonan sold 4,360 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $77.33, for a total value of $337,158.80. Following the completion of the transaction, the executive vice president directly owned 28,682 shares in the company, valued at approximately $2,217,979.06. This trade represents a 13.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Cohen & Steers Price Performance

NYSE CNS traded down $0.52 during midday trading on Tuesday, hitting $76.61. 298,192 shares of the company traded hands, compared to its average volume of 328,569. Cohen & Steers Inc has a 52 week low of $58.39 and a 52 week high of $78.81. The company’s 50-day simple moving average is $69.98 and its 200-day simple moving average is $66.43. The company has a market cap of $3.94 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 2.19 and a beta of 1.25.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Thursday, April 16th. The asset manager reported $0.79 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.03). The business had revenue of $144.26 million for the quarter, compared to analysts’ expectations of $140.62 million. Cohen & Steers had a net margin of 27.47% and a return on equity of 27.60%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.75 EPS. On average, research analysts predict that Cohen & Steers Inc will post 3.38 earnings per share for the current year.

Cohen & Steers Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, May 11th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, May 11th. Cohen & Steers’s dividend payout ratio (DPR) is currently 88.45%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CNS. Evercore reiterated an “outperform” rating and issued a $82.00 price objective on shares of Cohen & Steers in a report on Monday, June 8th. Zacks Research upgraded Cohen & Steers from a “strong sell” rating to a “hold” rating in a report on Friday, March 27th. Finally, Weiss Ratings raised shares of Cohen & Steers from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Cohen & Steers has a consensus rating of “Hold” and an average price target of $75.00.

Institutional Trading of Cohen & Steers

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Navellier & Associates Inc. purchased a new stake in Cohen & Steers in the 4th quarter valued at approximately $3,586,000. Tudor Investment Corp ET AL grew its position in shares of Cohen & Steers by 156.0% in the third quarter. Tudor Investment Corp ET AL now owns 77,292 shares of the asset manager’s stock valued at $5,071,000 after purchasing an additional 47,096 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of Cohen & Steers by 40.5% in the fourth quarter. Teacher Retirement System of Texas now owns 99,778 shares of the asset manager’s stock valued at $6,264,000 after purchasing an additional 28,740 shares during the last quarter. Public Sector Pension Investment Board grew its position in shares of Cohen & Steers by 16.7% in the third quarter. Public Sector Pension Investment Board now owns 107,421 shares of the asset manager’s stock valued at $7,048,000 after purchasing an additional 15,337 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC grew its position in shares of Cohen & Steers by 91.9% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 25,579 shares of the asset manager’s stock valued at $1,606,000 after purchasing an additional 12,247 shares during the last quarter. Hedge funds and other institutional investors own 51.47% of the company’s stock.

Cohen & Steers Company Profile

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).