Samalin Investment Counsel LLC Has $843,000 Position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Samalin Investment Counsel LLC increased its position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 4.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,348 shares of the investment management company’s stock after buying an additional 1,760 shares during the period. Samalin Investment Counsel LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $843,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management acquired a new position in Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at approximately $123,000. Geneos Wealth Management Inc. bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the fourth quarter valued at approximately $195,000. Monterey Private Wealth Inc. bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the fourth quarter valued at approximately $207,000. D.A. Davidson & CO. raised its position in shares of Cohen & Steers REIT and Preferred Income Fund by 12.3% in the fourth quarter. D.A. Davidson & CO. now owns 10,254 shares of the investment management company’s stock valued at $214,000 after purchasing an additional 1,125 shares during the period. Finally, one8zero8 LLC bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the fourth quarter valued at approximately $230,000.

Cohen & Steers REIT and Preferred Income Fund Price Performance

NYSE:RNP opened at $21.89 on Friday. 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 company’s 50 day moving average is $21.65 and its 200-day moving average is $22.31.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

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

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.