Oarsman Capital Inc. Sells 1,000 Shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Oarsman Capital Inc. lowered its stake in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 2.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 40,000 shares of the investment management company’s stock after selling 1,000 shares during the quarter. Oarsman Capital Inc.’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $836,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Landscape Capital Management L.L.C. bought a new stake in Cohen & Steers REIT and Preferred Income Fund in the fourth quarter valued at approximately $221,000. Modern Wealth Management LLC bought a new position in Cohen & Steers REIT and Preferred Income Fund during the fourth quarter worth about $301,000. LPL Financial LLC grew its stake in Cohen & Steers REIT and Preferred Income Fund by 4.2% in the fourth quarter. LPL Financial LLC now owns 756,768 shares of the investment management company’s stock valued at $15,816,000 after acquiring an additional 30,205 shares during the period. Samalin Investment Counsel LLC increased its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 4.6% in the fourth quarter. Samalin Investment Counsel LLC now owns 40,348 shares of the investment management company’s stock worth $843,000 after acquiring an additional 1,760 shares in the last quarter. Finally, Harbour Investments Inc. raised its position in shares of Cohen & Steers REIT and Preferred Income Fund by 1.9% during the fourth quarter. Harbour Investments Inc. now owns 85,115 shares of the investment management company’s stock worth $1,779,000 after purchasing an additional 1,557 shares during the period.

Cohen & Steers REIT and Preferred Income Fund Trading Down 4.6 %

Shares of RNP opened at $20.82 on Friday. The stock has a 50 day simple moving average of $21.80 and a 200 day simple moving average of $22.19. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 52-week low of $18.77 and a 52-week high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be given a dividend of $0.136 per share. This represents a dividend yield of 7.5%. The ex-dividend date of this dividend is Tuesday, June 10th.

Cohen & Steers REIT and Preferred Income Fund Company Profile

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.