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Cohen & Steers Inc. - CNS STOCK NEWS

Welcome to our dedicated page for Cohen & Steers news (Ticker: CNS), a resource for investors and traders seeking the latest updates and insights on Cohen & Steers stock.

Cohen & Steers Inc. (NYSE: CNS) is a premier global investment manager specializing in liquid real assets such as real estate securities, listed infrastructure, commodities, and natural resource equities. Founded in 1986, this New York City-headquartered firm also focuses on preferred securities and other income solutions. With additional offices in London, Hong Kong, Tokyo, and Seattle, Cohen & Steers operates a diversified, international portfolio.

The company's core business revolves around the management of equity shares of real estate investment trusts (REITs), both domestically and internationally. As of January 2024, real estate and related securities constitute nearly two-thirds of its total $79.3 billion in managed assets. The firm also offers dedicated portfolios for preferred securities, utilities stocks, and other high-yield investments.

Cohen & Steers maintains a balanced distribution of its managed assets across closed-end funds, open-end funds, and institutional accounts. In the past year, they have seen that 42% of their managed assets and 27% of base management fees come from institutional clients. Open-end funds account for 45% of managed assets and 52% of base management fees. Closed-end funds contribute 13% of managed assets and 21% of base management fees.

Recent Achievements and Current Projects

Recent quarterly earnings reports reflect positive growth and robust financial performance. The company consistently updates its stakeholders through earnings releases, conference calls, and detailed presentations available on their official website. Significant events include:

  • Quarterly earnings reports with comprehensive financial analyses.
  • Regular conference calls hosted by top executives including CEO Joseph Harvey, CFO Matthew Stadler, and CIO Jon Cheigh.
  • Strategic initiatives such as 'at-the-market' equity offerings, recently adding over a million shares at an average price of $69.60, raising approximately $68.4 million for corporate purposes.

Partnerships and Market Position

The firm's collaborations with major financial institutions and investment platforms underscore its market leadership. For instance, Cohen & Steers recently ranked among the top companies in the S&P SmallCap 600 index, highlighting its growing influence and solid market reputation.

Investors can expect ongoing updates and opportunities through the firm’s comprehensive communication channels, including a wealth of resources and archival financial data available on their website.

News

Cohen & Steers Infrastructure Fund, Inc. (UTF) Notification of Sources of Distribution Under Section 19(a)

Rhea-AI Summary
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) has announced the sources of the distribution to be paid on November 30, 2023, and cumulative distributions paid fiscal year-to-date. The Fund's managed distribution policy aims to deliver long-term total return potential through regular monthly distributions declared at a fixed rate per common share, providing flexibility to realize long-term capital gains throughout the year. The policy may be amended, terminated, or suspended by the Board of Directors at any time, impacting the market price of the Fund's shares.
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Cohen & Steers Announces Changes to Realty Indexes

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Cohen & Steers, Inc. (NYSE: CNS) announces changes to Realty Majors Portfolio Index (RMP) and Global Realty Majors Portfolio Index (GRM), effective November 17, 2023. The modified indexes emphasize leading real estate securitization globally and are quoted intraday on a real-time basis by the Chicago Mercantile Exchange. They serve as indexing benchmarks, stock selection universes, underlying indexes for derivative instruments, or performance benchmarks.
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Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For October 2023

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Cohen & Steers, Inc. (NYSE: CNS) reported a decrease in preliminary assets under management to $72.2 billion as of October 31, 2023, attributed to market depreciation, net outflows, and distributions. The total AUM decreased by $3.0 billion from September 30, 2023.
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Cohen & Steers, Inc. Declares Quarterly Dividend

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Cohen & Steers, Inc. (NYSE: CNS) announced a cash dividend of $0.57 per share for Q4 2023, payable on November 28, 2023. The dividend will be given to stockholders of record as of November 13, 2023.
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Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) Notification of Sources of Distribution Under Section 19(a)

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Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) has provided information regarding the sources of the distribution to be paid on October 31, 2023, and cumulative distributions paid fiscal year-to-date. The Fund implemented a managed distribution policy in December 2021, aiming to deliver long-term total return potential through regular monthly distributions. The monthly distributions may include long-term capital gains, short-term capital gains, net investment income, and/or return of capital. The estimated amounts of the current distribution and the cumulative distributions paid this fiscal year-to-date are provided in the table.
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Cohen & Steers Total Return Realty Fund, Inc. (RFI) Notification of Sources of Distribution Under Section 19(a)

Rhea-AI Summary
Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) provides information on the sources of the distribution to be paid on October 31, 2023, and cumulative distributions paid fiscal year-to-date. The managed distribution policy aims to deliver long-term total return potential through regular monthly distributions. The October distribution includes $0.0171 per share of net investment income, $0.0629 per share of net realized long-term capital gains, and $0.0800 per share in total. The final tax characteristics of the distributions will be provided on Form 1099-DIV after the end of the calendar year.
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Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) Notification of Sources of Distribution Under Section 19(a)

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Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) has released information about the sources of its distribution to be paid on October 31, 2023, and cumulative distributions paid year-to-date. The fund implemented a managed distribution policy in December 2017, aiming to deliver long-term total return potential through regular monthly distributions. The distribution estimates for October 2023 show $0.1360 per share from net investment income, $0.0000 from net realized short-term capital gains, $0.0000 from net realized long-term capital gains, and $0.0000 from return of capital or other capital sources.
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Cohen & Steers Quality Income Realty Fund, Inc. (RQI) Notification of Sources of Distribution Under Section 19(a)

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Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) announces the sources of the distribution to be paid on October 31, 2023, and cumulative distributions paid fiscal year-to-date. The monthly distribution includes net investment income, net realized long-term capital gains, and a small amount of net investment income. The final tax characteristics of the distributions will be provided on Form 1099-DIV.
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Cohen & Steers Infrastructure Fund, Inc. (UTF) Notification of Sources of Distribution Under Section 19(a)

Rhea-AI Summary
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) has provided information on the sources of its distribution to be paid on October 31, 2023, and cumulative distributions paid fiscal year-to-date. The Fund implemented a managed distribution policy in March 2015 to deliver long-term total return potential through regular monthly distributions. The estimated amounts for the current distribution include net investment income of $0.0424 per share (27.35%), net realized short-term capital gains of $0.0169 per share (10.90%), net realized long-term capital gains of $0.0957 per share (61.75%), and return of capital or other capital source of $0.0000 per share (0.00%).
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COHEN & STEERS REPORTS RESULTS FOR THIRD QUARTER 2023

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Cohen & Steers reports results for the third quarter of 2023
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FAQ

What is the current stock price of Cohen & Steers (CNS)?

The current stock price of Cohen & Steers (CNS) is $100.47 as of November 15, 2024.

What is the market cap of Cohen & Steers (CNS)?

The market cap of Cohen & Steers (CNS) is approximately 5.1B.

What does Cohen & Steers specialize in?

Cohen & Steers specializes in liquid real assets, including real estate securities, listed infrastructure, commodities, and natural resource equities.

Where is Cohen & Steers headquartered?

Cohen & Steers is headquartered in New York City, with additional offices in London, Hong Kong, Tokyo, and Seattle.

What are the primary assets managed by Cohen & Steers?

The primary assets managed by Cohen & Steers include real estate investment trusts (REITs), preferred securities, utilities stocks, and other high-yield offerings.

How is Cohen & Steers' asset distribution balanced?

Cohen & Steers’ asset distribution is balanced among closed-end funds, open-end funds, and institutional accounts.

What were the recent financial highlights?

Recent financial highlights include quarterly earnings reports, strategic equity offerings, and consistent growth in managed assets and base management fees.

How can investors access Cohen & Steers' earnings reports?

Investors can access earnings reports on the company's website under 'Company—Investor Relations—Earnings Archive'.

Who are the key executives at Cohen & Steers?

Key executives include CEO Joseph Harvey, CFO Matthew Stadler, and CIO Jon Cheigh.

What recent strategic initiatives has Cohen & Steers undertaken?

Recent strategic initiatives include an 'at-the-market' equity offering program that raised approximately $68.4 million.

Which index recently included Cohen & Steers?

Cohen & Steers was recently included in the S&P SmallCap 600 index.

How can one participate in Cohen & Steers’ conference calls?

Participants can join the conference calls via webcast and telephone, with details provided on the company’s official website.

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Cohen & Steers Inc.

NYSE:CNS

CNS Rankings

#1279 Ranked by Market Cap
#1263 Ranked by Dividends

CNS Stock Data

5.08B
50.56M
46.74%
61.71%
3.67%
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