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, Inc. reported preliminary assets under management (AUM) of $102.1 billion as of March 31, 2022, marking a $3.2 billion increase from February 28, 2022. This growth was primarily driven by market appreciation of $4.1 billion, though it faced $593 million in net outflows and $300 million in distributions. The firm specializes in real assets and alternative income, operating globally from offices in major cities.
Cohen & Steers Capital Management has expressed support for the Icahn Group's initiative to nominate ten candidates for the board of directors at Southwest Gas Holdings (SWX). As an investor in SWX, Cohen & Steers plans to vote in favor of these nominees during the upcoming annual meeting, indicating a strategic alignment with the Icahn Group's vision for the company's governance. This move could potentially reshape the board's dynamics and influence future business strategies.
The Cohen & Steers Real Estate Opportunities and Income Fund (RLTY) declared its first monthly distribution of $0.104 per share for April 2022, reflecting an annualized distribution rate of 6.24% based on the $20.00 IPO price. Additional distributions for May and June 2022 were also announced. The Fund will trade under the ticker RLTY since its launch on February 24, 2022. Distributions may vary based on portfolio performance and market conditions, and further details will be disclosed monthly at cohenandsteers.com.
Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) announced the sources of its distribution to shareholders, scheduled for March 31, 2022. The Fund has adopted a managed distribution policy, allowing it to distribute long-term capital gains regularly. The monthly distributions comprise net investment income, capital gains, and return of capital. As of March 2022, the total current distribution is $0.0870 per share. The Fund reported a -7.32% total return year-to-date and maintains a current annualized distribution rate of 8.04%.
Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced its distribution sources effective March 31, 2022. Under a managed distribution policy initiated in December 2016, the Fund aims to provide regular monthly distributions, offering flexibility for long-term capital gains realization. Shareholders may receive distributions from net investment income, capital gains, or return of capital. For 2022, the total current distribution is $0.1350 per share, and the cumulative distribution year-to-date is $0.4050 per share. Returns include a -4.92% YTD return as of February 28, 2022.
Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced details of the distribution to be paid on March 31, 2022. The Fund operates under a managed distribution policy, allowing it to provide regular monthly distributions, enhancing flexibility for capital gains realization. For March 2022, the distribution is set at $0.1350 per share, consisting entirely of net investment income. Cumulative distributions for the fiscal year have reached $0.4050 per share. The Fund's year-to-date cumulative total return is reported at -6.02%, with a cumulative distribution rate of 1.68%.
The press release from Cohen & Steers Infrastructure Fund (UTF) details the sources of its upcoming distribution set for March 31, 2022, and cumulative distributions for the fiscal year to date. Established in March 2015, the managed distribution policy aids in delivering long-term returns through regular monthly distributions. The March distribution totals $0.1550 per share, sourced from net realized short-term and long-term capital gains. Year-to-date cumulative total return stands at -5.34%, contrasting with a 7.03% current annualized distribution rate. Shareholders will receive a Form 1099-DIV for tax purposes.
The press release from Cohen & Steers Total Return Realty Fund (NYSE: RFI) provides details on the distribution payment scheduled for March 31, 2022, and the cumulative distributions year-to-date. The Fund has a managed distribution policy established in December 2011 to deliver consistent returns through monthly distributions. The current distribution includes $0.0800 per share, with sources comprising net realized short-term capital gains. The year-to-date cumulative total return through February 28, 2022, is reported at -10.86%. Shareholders will receive a Form 1099-DIV post-year-end for tax reporting.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced the sources of its upcoming distribution, set for March 31, 2022. The Fund follows a managed distribution policy since December 2017, aiming to provide regular monthly distributions. The current distribution includes $0.1360 per share, sourced entirely from net realized long-term capital gains. As of February 28, 2022, the Fund reported a year-to-date cumulative total return of -11.10% and a cumulative distribution rate of 1.59%. Shareholders will receive a Form 1099-DIV detailing tax characteristics for these distributions.
This press release informs shareholders of Cohen & Steers Quality Income Realty Fund (NYSE: RQI) about the distribution sources to be paid on March 31, 2022, and cumulative fiscal year-to-date distributions. The Fund follows a managed distribution policy for regular monthly payouts, allowing for greater flexibility in capital gains distribution. Key distribution figures include a total current distribution of $0.0800 per share, all derived from long-term capital gains, indicating 100% of the current distribution. Year-to-date cumulative total return is -13.65%, while the current annualized distribution rate is 6.15%.
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