Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Stock Holdings Lessened by Investment Planning Advisors Inc.

Investment Planning Advisors Inc. decreased its holdings in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 44.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,307 shares of the investment management company’s stock after selling 20,239 shares during the quarter. Investment Planning Advisors Inc.’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $529,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of RNP. Cetera Investment Advisers boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 14.7% during the second quarter. Cetera Investment Advisers now owns 93,270 shares of the investment management company’s stock valued at $1,900,000 after acquiring an additional 11,958 shares during the period. WealthBridge Capital Management LLC boosted its stake in Cohen & Steers REIT and Preferred Income Fund by 8.3% during the 3rd quarter. WealthBridge Capital Management LLC now owns 19,650 shares of the investment management company’s stock valued at $465,000 after purchasing an additional 1,500 shares during the period. Lakeridge Wealth Management LLC acquired a new position in Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter valued at about $231,000. Future Financial Wealth Managment LLC increased its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 6.5% in the third quarter. Future Financial Wealth Managment LLC now owns 15,746 shares of the investment management company’s stock valued at $373,000 after purchasing an additional 964 shares during the period. Finally, Annex Advisory Services LLC acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the third quarter valued at approximately $209,000.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of RNP stock opened at $21.54 on Tuesday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 12-month low of $18.77 and a 12-month high of $24.41. The business has a 50 day simple moving average of $21.64 and a 200 day simple moving average of $22.39.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be issued a $0.136 dividend. The ex-dividend date is Tuesday, January 14th. This represents a yield of 8.01%. This is an increase from Cohen & Steers REIT and Preferred Income Fund’s previous dividend of $0.12.

About Cohen & Steers REIT and Preferred Income Fund

Cohen & Steers REIT and Preferred Income Fund, Inc is a closed-ended balanced mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts.