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 partnered with Girls Who Invest, a nonprofit aimed at boosting female representation in investment management. This collaboration will see Cohen & Steers host a Girls Who Invest Scholar during their 2022 summer associate program. Chief Investment Officer Jon Cheigh emphasized the firm's commitment to diversity, stating it enhances investment decisions. The partnership aligns with Girls Who Invest's mission of preparing young women for leadership roles in finance, welcoming over 200 scholars this year and aiming for 30% of global investable capital to be managed by women by 2030.
Cohen & Steers has appointed Anthony Corriggio as Senior Vice President and Portfolio Manager for its Private Real Estate Group. Reporting to James S. Corl, Corriggio will focus on fund management and play a significant role in investment strategies. With over 25 years of real estate investment experience, he previously worked at a predecessor firm with Corl and Hamid Tabib. The Private Real Estate Group emphasizes a value-oriented investment approach, engaging in direct property investments and private placements, leveraging Cohen & Steers' robust resources.
Cohen & Steers announced that its Cohen & Steers Real Estate Securities Fund (CSDIX) and Cohen & Steers Preferred Securities and Income Fund (CPXIX) received the 2022 Refinitiv Lipper Fund Awards for outstanding risk-adjusted performance over the past decade. CSDIX has been recognized for seven consecutive years, outperforming 135 share classes in the Real Estate category, while CPXIX received its second award in the Flexible Income category against 37 share classes. These awards highlight the firm's commitment to delivering superior returns through real assets and alternative income.
Cohen & Steers reported preliminary assets under management of $98.9 billion as of February 28, 2022, marking a decline of $3.2 billion from January 31, 2022. This decrease resulted from market depreciation of $3.5 billion and distributions of $197 million, despite net inflows of $479 million.
Investment vehicles included institutional accounts and open-end funds, with significant market impacts noted in both categories. Overall, the firm's performance reflects current market challenges.
The Cohen & Steers Closed-End Opportunity Fund (NYSE: FOF) announces its distribution sources for February 28, 2022. The fund adopted a managed distribution policy in December 2021, allowing monthly distributions at a fixed rate, increasing flexibility in long-term capital gains realization. February's distribution totals $0.0870 per share, entirely from net realized long-term capital gains. Year-to-date, total return is -4.60% with a cumulative distribution rate of 1.29%. Shareholders will receive Form 1099-DIV for accurate tax reporting by year-end.
Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) announced its distribution details for February 28, 2022. The fund follows a managed distribution policy to provide shareholders with consistent monthly distributions, which may include long-term capital gains and a return of capital. The current monthly distribution is set at $0.1350 per share, with cumulative distributions for the fiscal year-to-date amounting to $0.2700. Notably, the fund's year-to-date cumulative total return is -1.64%, while the average annual total return over five years stands at 7.06%.
Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced details regarding its February 28, 2022 distribution, which totals $0.1350 per share. The fund operates under a managed distribution policy since December 2016, aiming for long-term total return through monthly distributions, which may include long-term and short-term capital gains, net investment income, or return of capital. Year-to-date, the fund reports a cumulative total return of -2.28% and a cumulative distribution rate of 1.07% as of January 31, 2022.
The press release from Cohen & Steers Total Return Realty Fund (NYSE: RFI) announces the distribution details for February 28, 2022. Implemented in December 2011, the managed distribution policy aims to provide consistent monthly distributions while allowing the Fund to realize long-term capital gains. The current distribution of $0.08 per share consists primarily of short-term capital gains (97.88%). The Fund's year-to-date cumulative total return was -6.43% as of January 31, 2022, with an average annual total return of 10.83% over five years. Investors are advised to consider their objectives and risks before investing.
The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced distribution details for shareholders, effective February 28, 2022. The Fund follows a managed distribution policy, allowing regular monthly distributions based on long-term capital gains. Current distributions are primarily sourced from long-term capital gains, with no net investment income reported. Year-to-date, the Fund's cumulative total return is -6.09%, while the current annualized distribution rate is 5.97%. Shareholders will receive Form 1099-DIV for tax reporting purposes, detailing actual distribution amounts.
This press release informs shareholders of Cohen & Steers Quality Income Realty Fund (NYSE: RQI) about the distribution sources for the payment scheduled on February 28, 2022. The Fund follows a managed distribution policy initiated in December 2012, allowing for monthly distributions based on realized capital gains. The current distribution totals $0.08 per share, comprising entirely of long-term capital gains. Year-to-date cumulative total return as of January 31, 2022, is -7.93%, while the average annual total return over five years stands at 12.80%. Tax reporting will be provided via Form 1099-DIV.
FAQ
What is the current stock price of Cohen & Steers (CNS)?
What is the market cap of Cohen & Steers (CNS)?
What does Cohen & Steers specialize in?
Where is Cohen & Steers headquartered?
What are the primary assets managed by Cohen & Steers?
How is Cohen & Steers' asset distribution balanced?
What were the recent financial highlights?
How can investors access Cohen & Steers' earnings reports?
Who are the key executives at Cohen & Steers?
What recent strategic initiatives has Cohen & Steers undertaken?
Which index recently included Cohen & Steers?
How can one participate in Cohen & Steers’ conference calls?
