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

Investment Planning Advisors Inc. lessened its position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 44.4% during the fourth quarter, Holdings Channel reports. The institutional investor 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 reporting period.

Several other institutional investors have also modified their holdings of RNP. Geneos Wealth Management Inc. acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at $195,000. Monterey Private Wealth Inc. acquired a new stake in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth about $207,000. Annex Advisory Services LLC acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the third quarter worth about $209,000. D.A. Davidson & CO. acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the third quarter valued at approximately $216,000. Finally, Lakeridge Wealth Management LLC purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter valued at approximately $231,000.

Cohen & Steers REIT and Preferred Income Fund Trading Up 0.6 %

NYSE RNP opened at $21.54 on Tuesday. The firm’s 50 day moving average price is $21.64 and its two-hundred day moving average price is $22.39. Cohen & Steers REIT and Preferred Income Fund, Inc. has a twelve month low of $18.77 and a twelve month high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

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

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.