one8zero8 LLC Buys New Stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

one8zero8 LLC purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,000 shares of the investment management company’s stock, valued at approximately $230,000.

A number of other institutional investors also recently added to or reduced their stakes in RNP. D.A. Davidson & CO. bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter worth approximately $216,000. HighTower Advisors LLC raised its stake in Cohen & Steers REIT and Preferred Income Fund by 37.9% during the third quarter. HighTower Advisors LLC now owns 21,406 shares of the investment management company’s stock worth $507,000 after acquiring an additional 5,883 shares in the last quarter. IHT Wealth Management LLC boosted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 48.5% in the 3rd quarter. IHT Wealth Management LLC now owns 16,120 shares of the investment management company’s stock valued at $380,000 after purchasing an additional 5,262 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter worth about $271,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter worth about $254,000.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of RNP stock opened at $21.47 on Monday. 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 firm has a 50-day moving average price of $21.51 and a 200 day moving average price of $22.36.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

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

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.