FourThought Financial Partners LLC Cuts Holdings in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

FourThought Financial Partners LLC reduced its position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 0.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 60,207 shares of the investment management company’s stock after selling 573 shares during the period. FourThought Financial Partners LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $1,214,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in RNP. NBC Securities Inc. bought a new stake in Cohen & Steers REIT and Preferred Income Fund during the third quarter worth approximately $46,000. Manchester Capital Management LLC bought a new position in Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter worth about $69,000. McGlone Suttner Wealth Management Inc. purchased a new position in Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at approximately $104,000. Private Trust Co. NA increased its holdings 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 valued at $161,000 after acquiring an additional 750 shares during the period. Finally, SFI Advisors LLC bought a new position in Cohen & Steers REIT and Preferred Income Fund in the fourth quarter worth about $201,000.

Cohen & Steers REIT and Preferred Income Fund Stock Up 1.4 %

Shares of NYSE:RNP traded up $0.27 during trading on Friday, reaching $19.97. The stock had a trading volume of 92,104 shares, compared to its average volume of 115,516. The firm’s 50-day simple moving average is $20.26 and its 200 day simple moving average is $19.47. Cohen & Steers REIT and Preferred Income Fund, Inc. has a one year low of $15.52 and a one year high of $21.27.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be paid a $0.136 dividend. The ex-dividend date is Tuesday, June 11th. This represents a $1.63 annualized dividend and a yield of 8.17%.

Cohen & Steers REIT and Preferred Income Fund 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.