RB Capital Management LLC Sells 5,783 Shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

RB Capital Management LLC trimmed its holdings in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 14.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,402 shares of the investment management company’s stock after selling 5,783 shares during the period. RB Capital Management LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $714,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of RNP. NBC Securities Inc. acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the third quarter worth approximately $46,000. Manchester Capital Management LLC bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter worth approximately $69,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 4th quarter worth approximately $104,000. Private Trust Co. NA grew its position in shares of Cohen & Steers REIT and Preferred Income Fund by 10.4% in the 4th quarter. Private Trust Co. NA now owns 7,969 shares of the investment management company’s stock worth $161,000 after buying an additional 750 shares during the last quarter. Finally, SFI Advisors LLC bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 4th quarter worth approximately $201,000.

Cohen & Steers REIT and Preferred Income Fund Trading Up 0.8 %

Shares of NYSE RNP traded up $0.16 during mid-day trading on Wednesday, hitting $19.59. 86,118 shares of the stock traded hands, compared to its average volume of 116,383. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 52 week low of $15.52 and a 52 week high of $21.27. The stock has a fifty day moving average price of $20.28 and a 200-day moving average price of $19.42.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Tuesday, June 11th will be given a dividend of $0.136 per share. The ex-dividend date is Tuesday, June 11th. This represents a $1.63 annualized dividend and a dividend yield of 8.33%.

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.