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) has announced the sources of its distribution to shareholders for September 30, 2021. The Fund follows a managed distribution policy that allows for fixed monthly distributions, enabling long-term capital gains realization. The current monthly distribution is $0.0800 per share, comprised of 60.88% net investment income, 6.50% short-term capital gains, and 32.62% long-term capital gains. Total cumulative returns for the year-to-date stood at 34.47%, while the current annualized distribution rate is 5.66%.
This press release notifies shareholders of Cohen & Steers Total Return Realty Fund, RFI, about the sources of its distribution on September 30, 2021. The Fund follows a managed distribution policy initiated in December 2011, allowing it to pay regular monthly distributions based on long-term capital gains and net investment income. The current distribution is $0.08 per share, with cumulative distributions for the year totaling $0.72. Shareholders will receive a Form 1099-DIV by year-end detailing tax reporting for these distributions.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) announces its distribution sources for September 30, 2021, as part of its managed distribution policy. The current distribution is estimated at $0.1550 per share, comprising $0.0717 from net investment income and $0.0833 from long-term capital gains. This fiscal year-to-date, the cumulative distribution totals $1.3950 per share. The Fund's year-to-date cumulative total return stands at 16.95% with a cumulative distribution rate of 5.07%. Shareholders will receive a Form 1099-DIV for tax reporting purposes.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced the distribution details for September 30, 2021. Following a managed distribution policy initiated in December 2017, the Fund aims to provide consistent monthly distributions based on net investment income and capital gains. For September, the distribution per share is $0.1240, derived entirely from net investment income. Year-to-date, total distributions are $1.1160, with a cumulative distribution rate of 3.99% and a year-to-date total return of 23.07% through August 31, 2021.
Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced its monthly distribution for September 2021, amounting to $0.1570 per share. The distribution sources include 75.16% from net investment income and 24.84% from net realized long-term capital gains. Cumulative distributions for the fiscal year total $1.4130 per share. The Fund follows a managed distribution policy aimed at delivering steady returns, but the Board can amend or suspend this policy, potentially affecting stock prices.
Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) announced its distribution sources for September 30, 2021. The fund's managed distribution policy aims for long-term total return through monthly distributions, which may include net investment income, capital gains, and return of capital. For September, the distribution totals $0.1430 per share, with net investment income contributing $0.1198 (83.78%). Year-to-date total return is 5.62%, while the cumulative distribution rate stands at 4.90%. The fund emphasizes that these figures are estimates and may vary as they are subject to market conditions.
Cohen & Steers reported preliminary assets under management (AUM) of $100.5 billion as of August 31, 2021, a $950 million increase from July 31. The growth can be attributed to market appreciation of $1.7 billion, though this was partially offset by net outflows of $554 million and distributions of $205 million.
Cohen & Steers (NYSE: CNS) has appointed Marcia Gonzalez Glass as Senior Vice President of Institutional Sales, focusing on business development in the Northeast U.S. Glass brings 16 years of experience, previously with CenterSquare Investment Management, where she managed institutional relationships. This strategic move aims to enhance Cohen & Steers' institutional engagement and support the launch of new private real estate strategies. The firm has also established a Private Real Estate Group to provide integrated real estate investment solutions.
Cohen & Steers (NYSE: CNS) announced the appointment of Bob Kuberski as Executive Vice President and Head of Wealth Management Consulting Group, succeeding David Edlin who is retiring after 12 years. Kuberski brings over 20 years of experience in investment management, previously serving at Eaton Vance and Invesco. Dan Charles, Head of Global Distribution, expressed confidence in Kuberski's leadership to enhance the firm's wealth management team amid a low-yield market. CEO Robert Steers acknowledged Edlin's contributions to the firm's growth.
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