Cohen & Steers (NYSE:CNS) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Cohen & Steers Inc (NYSE:CNS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $65.34 and traded as high as $73.09. Cohen & Steers shares last traded at $72.7750, with a volume of 285,731 shares trading hands.

Analysts Set New Price Targets

A number of brokerages have commented on CNS. Weiss Ratings upgraded shares of Cohen & Steers from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, April 22nd. Zacks Research upgraded shares of Cohen & Steers from a “strong sell” rating to a “hold” rating in a research note on Friday, March 27th. Finally, Evercore set a $76.00 target price on shares of Cohen & Steers in a research note on Monday, April 20th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $72.00.

Cohen & Steers Trading Down 1.5%

The business’s 50 day moving average price is $65.84 and its 200-day moving average price is $65.38. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 2.06 and a beta of 1.27.

Cohen & Steers (NYSE:CNS) last issued its quarterly earnings data on Thursday, April 16th. The asset manager reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.03). Cohen & Steers had a return on equity of 27.60% and a net margin of 27.47%.The business had revenue of $144.26 million during the quarter, compared to analyst estimates of $140.62 million. During the same quarter last year, the firm earned $0.75 EPS. Cohen & Steers’s revenue for the quarter was up 8.3% compared to the same quarter last year. Equities research analysts forecast that Cohen & Steers Inc will post 3.38 EPS for the current fiscal year.

Cohen & Steers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 21st. Shareholders of record on Monday, May 11th will be paid a $0.67 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.68 annualized dividend and a yield of 3.8%. Cohen & Steers’s payout ratio is 88.45%.

Institutional Trading of Cohen & Steers

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund raised its stake in Cohen & Steers by 2.9% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 6,338 shares of the asset manager’s stock worth $398,000 after purchasing an additional 176 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Cohen & Steers by 0.9% in the 2nd quarter. Thrivent Financial for Lutherans now owns 19,867 shares of the asset manager’s stock worth $1,497,000 after purchasing an additional 185 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in Cohen & Steers by 0.8% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 30,194 shares of the asset manager’s stock worth $2,276,000 after purchasing an additional 229 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Cohen & Steers by 1.4% in the 4th quarter. State of Alaska Department of Revenue now owns 16,333 shares of the asset manager’s stock worth $1,024,000 after purchasing an additional 231 shares in the last quarter. Finally, Amalgamated Bank raised its stake in Cohen & Steers by 3.4% in the 3rd quarter. Amalgamated Bank now owns 7,980 shares of the asset manager’s stock worth $524,000 after purchasing an additional 265 shares in the last quarter. 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).