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.
Cohen & Steers (NYSE: CNS) has appointed Alicia E. Dee as the new Executive Vice President and Chief Human Resources Officer. With over 20 years of human resources experience, Dee previously held leadership roles at JPMorgan Chase, notably leading their Asset & Wealth Management Talent Institute. CEO Joseph Harvey highlighted her crucial role in talent development and diversity initiatives for the firm. Dee's appointment is expected to enhance the strategic direction and execution of HR functions within the growing global investment management business.
The press release from Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announces the distribution sources for April 29, 2022. Established in December 2012, the Fund's managed distribution policy aims to deliver long-term returns via regular monthly distributions. The April distribution includes $0.0800 per share, entirely from long-term capital gains. The Fund's year-to-date cumulative total return is -6.30%, while its average annual total return over five years is 12.77%. Investors should not draw conclusions about investment performance from distribution amounts, as they may vary based on market conditions.
Cohen & Steers Infrastructure Fund (UTF) has announced its upcoming distribution set for April 29, 2022. This follows the implementation of a managed distribution policy in March 2015, aimed at providing regular monthly distributions at a fixed rate. The April distribution totals $0.1550 per share, with sources including net investment income and short-term capital gains. Year-to-date cumulative total return for 2022 stands at 2.87%, while the average annual total return over five years is 12.00%. Distributions are subject to change and will be detailed in Form 1099-DIV.
The Cohen & Steers REIT and Preferred Income Fund (NYSE: RNP) has announced details regarding its April 2022 distribution and cumulative distributions year-to-date. As part of its managed distribution policy initiated in December 2017, the Fund provides regular monthly distributions to enhance long-term returns. The April 2022 distribution is $0.1360 per share, consisting entirely of net realized long-term capital gains, with no net investment income or return of capital included. The Fund's cumulative total return for 2022 is currently -6.42%, while the average annual total return for five years is 11.49%.
The press release from April 28, 2022, details the distribution payment for Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) on April 29, 2022. The Fund employs a managed distribution policy initiated in December 2016 to enhance long-term returns through monthly distributions. The current distribution amounts to $0.1350 per share, consisting mainly of net investment income and includes a portion classified as return of capital. The year-to-date cumulative total return is reported at -6.06% with an average annual total return of 5.90% over five years.
Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE: FOF) announced the distribution sources for its upcoming payment on April 29, 2022. The Fund follows a managed distribution policy allowing monthly distributions at a fixed rate, enhancing flexibility to realize and distribute long-term capital gains. The April distribution is estimated at $0.0870 per share, comprising net investment income, capital gains, and return of capital. The Fund reported a year-to-date cumulative total return of -5.41% and an average annual total return of 7.91% over five years, with a current distribution rate of 7.93%.
The press release from Cohen & Steers Total Return Realty Fund (NYSE: RFI) details the distribution sources for shareholders, set for April 29, 2022. The Fund follows a managed distribution policy aimed at providing regular monthly distributions. For April 2022, the total current distribution is $0.0800 per share, derived entirely from net realized short-term capital gains. The Year-to-Date cumulative total return for 2022 is reported at -5.66%, while the cumulative distribution rate stands at 2.11%. Shareholders will receive a Form 1099-DIV for tax reporting purposes.
The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced its distribution details for April 2022, emphasizing its managed distribution policy initiated in December 2016. This policy allows for fixed monthly distributions to shareholders, which may include long-term capital gains and return of capital. The current distribution is $0.1350 per share, with cumulative distributions year-to-date totaling $0.5400 per share. It is noted that these distributions may account for capital return rather than performance returns, and shareholders will receive Form 1099-DIV for tax reporting.
Cohen & Steers (NYSE: CNS) announced its operating results for Q1 2022, highlighting key financial metrics. The results will be discussed in a conference call on April 21, 2022, at 10:00 a.m. ET, featuring CEO Joseph Harvey, CFO Matthew Stadler, and CIO Jon Cheigh. Investors can join by phone or via the webcast, available for replay for two weeks. Established in 1986 and headquartered in New York City, Cohen & Steers specializes in real assets and alternative income investments globally.
Cohen & Steers (NYSE: CNS) is set to release its first quarter 2022 financial results after market close on April 20, 2022. Accompanying the release, an earnings presentation will be accessible on their website. A conference call will follow on April 21, 2022, at 10:00 a.m. ET, featuring a review of the results by key executives, including CEO Joseph Harvey. Investors can participate via phone or webcast, with replay options available for two weeks post-call. For more details, visit www.cohenandsteers.com.
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