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 Limited Duration Preferred and Income Fund (LDP) outlines the sources of its upcoming distribution on January 31, 2022. The fund has employed a managed distribution policy since December 2016 to facilitate regular monthly payments to shareholders, aiming for long-term total return. The January 2022 distribution totals $0.1350 per share, comprising $0.0961 from net investment income (71.19%) and $0.0389 as a return of capital (28.81%). The fund emphasizes that distribution amounts may vary and that shareholders will receive the final tax characteristics on Form 1099-DIV after the fiscal year ends.
The press release informs shareholders of Cohen & Steers Total Return Realty Fund (RFI) about the distribution sources for January 31, 2022, and cumulative distributions for the fiscal year. The Fund follows a managed distribution policy since December 2011, allowing for regular monthly payouts derived from long-term capital gains, net investment income, and return of capital. Notably, the January distribution totals $0.0800 per share, all attributed to long-term capital gains. The announcement emphasizes that these estimates may vary and outlines the upcoming distribution reporting for tax purposes.
Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced the sources of its upcoming distribution on January 31, 2022. The fund follows a managed distribution policy, allowing monthly payments based on long-term capital gains. For January 2022, the total distribution is estimated at $0.0800 per share, entirely sourced from net realized long-term capital gains. Year-to-date, the cumulative distribution rate stands at 0.44%, with a cumulative total return of 47.77% for 2021. Shareholders will receive a Form 1099-DIV detailing tax implications post-year-end.
The press release from Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) announces the sources of its upcoming distribution scheduled for January 31, 2022. The Fund follows a managed distribution policy initiated in December 2017, providing regular monthly distributions. For January 2022, the total distribution is $0.1360 per share, entirely derived from long-term capital gains. The press release emphasizes that distribution amounts may fluctuate and are not tax-reporting figures. Year-to-date cumulative total return for 2021 is reported at 31.10%, with a current annualized distribution rate of 5.58%.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) announced its distribution sources for January 31, 2022. Since implementing a managed distribution policy in March 2015, the Fund aims to provide regular monthly distributions at a fixed rate per share, enhancing capital gains realization. The current monthly distribution is $0.1550 per share, entirely derived from net realized short-term capital gains. Year-to-date cumulative total return for 2021 was 23.10%, with a cumulative distribution rate of 0.55%. Shareholders will receive a Form 1099-DIV for accurate tax reporting.
Cohen & Steers (NYSE: CNS) reported its financial results for Q4 and the full year ended December 31, 2021. The earnings release highlights key metrics including net income and earnings per share. The firm will hold a conference call on January 27, 2022, at 10:00 a.m. ET to discuss these results, with participation from CEO Robert Steers, President Joseph Harvey, and CFO Matthew Stadler. Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, with international offices in cities such as London and Tokyo.
Cohen & Steers, Inc. (NYSE: CNS) will release its fourth quarter and full year 2021 financial results after market hours on January 26, 2022. The earnings presentation will be available on their website. A conference call to discuss these results will take place on January 27, 2022, at 10:00 a.m. ET, featuring CEO Robert Steers and other executives. Investors can access the call via telephone or webcast, with a replay available for two weeks following the event.
Cohen & Steers announced preliminary assets under management (AUM) of $106.6 billion as of December 31, 2021, an increase of $6.4 billion from November 30, 2021. This growth was driven by net inflows of $1.5 billion and market appreciation of $6.1 billion, though partially offset by $1.2 billion in distributions. The firm specializes in real assets and alternative income, operating globally with a presence in key financial hubs.
The press release from Cohen & Steers Quality Income Realty Fund (NYSE: RQI) informs shareholders about the upcoming distribution on December 31, 2021. The Fund operates a managed distribution policy since December 2012, aimed at providing regular monthly distributions. The current distribution totals $0.0800 per share, with net investment income contributing $0.0250 (31.25%) and long-term capital gains $0.0550 (68.75%). This year, the cumulative total return is 33.68%, with a cumulative distribution rate of 5.78%. Tax reporting will be provided via Form 1099-DIV after year-end.
The Cohen & Steers Closed-End Opportunity Fund, Inc. (FOF) has announced a managed distribution policy to enhance its long-term total return potential. This policy allows for monthly distributions of fixed rates per common share, with the upcoming distribution scheduled for December 31, 2021. The distribution may include various sources such as long-term capital gains and return of capital, which can affect shareholders' tax basis. Year-to-date cumulative total return stands at 15.81%, while the current annualized distribution rate is 7.54% as of November 30, 2021.
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