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.
The press release from Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) informs shareholders about the upcoming distribution on December 31, 2021. Implemented in December 2016, the managed distribution policy allows regular monthly distributions based on long-term capital gains. The total current distribution for December 2021 is $0.1570 per share, comprised of net investment income and long-term capital gains. Year-to-date cumulative total return is 3.92%, with a cumulative distribution rate of 9.29%. Final tax characteristics will be provided on Form 1099-DIV.
Cohen & Steers Total Return Realty Fund (NYSE: RFI) announced an upcoming distribution on December 31, 2021. The fund employs a managed distribution policy, allowing it to provide regular monthly distributions at a fixed per-share rate. The December 2021 distribution includes $0.0800 per share, sourced from net investment income and long-term capital gains. For fiscal year-to-date, total distributions amount to $1.1700 per share. The fund's Year-to-date Cumulative Total Return is 24.55%, while the average annual total return over five years is 11.41%.
This press release informs shareholders of Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) about the distribution sources to be paid on December 31, 2021. The Fund follows a managed distribution policy since March 2015, allowing regular monthly distributions at a fixed rate. For December 2021, the total distribution is $0.1550 per share, comprising net investment income and capital gains. Year-to-date cumulative total return as of November 30, 2021, is 13.77%, with a cumulative distribution rate of 7.08%. Final tax characteristics will be provided in Form 1099-DIV after the year-end.
The Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE: PTA) has announced a special year-end distribution to fulfill its 2021 federal excise tax requirements. This distribution includes a regular monthly dividend and is largely taxable for shareholders. Key dates include an ex-date of December 27, 2021, a record date of December 28, 2021, and a payable date of January 6, 2022. The total distribution per share reaches $0.147, comprised of $0.026 long-term capital gains, $0.081 short-term capital gains, and $0.040 ordinary income.
On December 16, 2021, the Board of Directors of Cohen & Steers Total Return Realty Fund (NYSE: RFI) announced a year-end capital gain distribution of $0.210 per share, payable on January 6, 2022. This distribution is part of the Fund's managed distribution policy aimed at ensuring compliance with federal excise tax requirements for 2021. The Fund's year-to-date cumulative total return is reported at 24.55%, while its average annual total return over five years stands at 11.41%. This distribution will primarily be taxable to shareholders.
Cohen & Steers (NYSE: CNS) has been named "Real Assets Manager of the Year" at the 2021 Industry Innovation Awards by Chief Investment Officer Magazine. The awards commend firms that enhance client portfolios through innovative asset management. Jon Cheigh, CIO, highlighted the firm's 35-year commitment to developing unique, alpha-generating investment strategies in real assets. Cohen & Steers continues to innovate with next-generation strategies, including Digital Infrastructure and Global Logistics, while managing over $100 billion in assets across five offices worldwide.
Cohen & Steers (NYSE: CNS) has been named one of the "Best Places to Work in Money Management" for the second consecutive year by Pensions & Investments. This recognition highlights the company's strong workplace culture, emphasizing innovation and teamwork. The evaluation process included a 25% score from company policies and a 75% score from employee surveys regarding leadership, culture, and compensation. To qualify, firms must have at least 20 U.S. employees and $100 million in discretionary assets under management.
Cohen & Steers reported preliminary assets under management (AUM) of $100.2 billion as of November 30, 2021, reflecting a decrease of $1.4 billion from October 31, 2021. This decline was attributed to market depreciation of $1.4 billion and $204 million in distributions, despite net inflows of $201 million.
As for the breakdown, total AUM was comprised of various accounts and funds, with significant contributions from institutional accounts and open-end funds.
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