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 Quality Income Realty Fund (NYSE: RQI) announced an amendment to its investment policy, effective March 31, 2022. The former policy required 80% of total assets to be invested in high-quality REITs producing income. This will now include income-producing common stocks and other securities from real estate companies. The definition of a 'real estate company' remains, focusing on revenue from real estate activities. Changes to this policy can only occur with 60 days advance notice to shareholders as per regulatory requirements.
This press release from Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announces the sources of its distributions for November 30, 2021, and year-to-date cumulative distributions. The Fund follows a managed distribution policy initiated in December 2017, allowing for greater flexibility in capital gains distribution. The current monthly distribution is $0.1240 per share, fully derived from net investment income. The fiscal year-to-date cumulative total return is 23.86%, with a cumulative distribution rate of 4.89%. Shareholders will receive Form 1099-DIV for tax purposes.
The Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) announced its distribution for November 30, 2021, totaling $0.1430 per share. This payment is part of a managed distribution policy established in December 2016, allowing the Fund to distribute regular monthly payments to shareholders. The current distribution comprises 68.39% net investment income and 31.61% long-term capital gains. Year-to-date, the Fund achieved a cumulative total return of 5.72% and a cumulative distribution rate of 6.05% as of October 31, 2021.
The press release from Cohen & Steers Total Return Realty Fund (NYSE: RFI) details the distribution sources for November 2021 and cumulative distributions year-to-date. The fund follows a managed distribution policy allowing fixed monthly distributions, enhancing flexibility for long-term capital gains realization. The current distribution is $0.0800 per share, with key sources being net investment income and realized capital gains. Year-to-date cumulative total return for 2021 stands at 26.09%, with a cumulative distribution rate of 5.63%. Shareholders will receive Form 1099-DIV for tax reporting.
The Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) announced details of its November 30, 2021 distribution to shareholders. Under its managed distribution policy, the Fund aims for consistent monthly distributions while allowing for long-term capital gains realization. The November distribution is $0.1550 per share, sourced mainly from net investment income (67.61%) and short-term capital gains (29.35%). For the fiscal year to date, the cumulative distribution rate stands at 6.20%, with a year-to-date cumulative total return of 18.35% as of October 31, 2021.
The press release from Cohen & Steers Quality Income Realty Fund (NYSE: RQI) informs shareholders about the sources of the upcoming distribution scheduled for November 30, 2021, and cumulative distributions year-to-date. The Fund employs a managed distribution policy to provide regular monthly distributions and facilitate capital gains realization. The November distribution totals $0.0800 per share, with details on its composition including net investment income and capital gains. The Year-to-date cumulative total return stands at 35.74%, with a cumulative distribution rate of 5.19%.
The Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced the distribution sources for its November 30, 2021 payment to shareholders. Since adopting a managed distribution policy in December 2016, the Fund has aimed for consistent monthly distributions. The November 2021 distribution totals $0.1570 per share, composed of $0.1056 from net investment income and $0.0514 from long-term capital gains. This reflects a year-to-date cumulative total return of 5.80% and a cumulative distribution rate of 6.44% as of October 31, 2021.
Cohen & Steers has appointed Jeffrey Palma as Senior Vice President, Head of Multi-Asset Solutions, effective immediately. Reporting to Jon Cheigh, Palma will oversee the firm's asset allocation teams and strategies. With 25 years of investment experience, Palma was previously Managing Director at State Street Global Advisors and has held leadership roles at GE Asset Management and UBS Investment Bank. Jon Cheigh emphasized the need for enhanced multi-asset capabilities to meet investor demands amidst rising inflation.
Cohen & Steers (NYSE: CNS) reported preliminary assets under management of $101.6 billion as of October 31, 2021, reflecting an increase of $4.3 billion from September 30, 2021. This growth was attributed to net inflows of $138 million and market appreciation of $4.4 billion, which were partially offset by distributions totaling $203 million.
The Board of Directors of Cohen & Steers (NYSE: CNS) has declared a cash dividend of $0.45 per share for the fourth quarter of 2021, along with a special dividend of $1.25 per share. These dividends will be paid on November 30, 2021, to stockholders on record by November 15, 2021. Cohen & Steers specializes in investment management in sectors like real assets and alternative income, founded in 1986, with its headquarters in New York City.
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