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 reported preliminary assets under management (AUM) of $99.5 billion as of July 31, 2021, reflecting an increase of $3.3 billion from $96.2 billion at June 30, 2021. This growth stemmed from $782 million in net inflows and a market appreciation of $2.7 billion, despite distributions totaling $208 million.
The firm specializes in real assets and alternative income strategies, operating globally from its headquarters in New York City.
Cohen & Steers MLP Income and Energy Opportunity Fund (NYSE: MIE) completed its liquidation on August 6, 2021. Shareholders will receive a net asset value of $3.9118 per share as a liquidating distribution. This action aligns with previously announced plans for liquidation. Investors should be aware that they may incur a tax gain or loss due to the liquidation process and should consult tax professionals for advice.
The Board of Directors of Cohen & Steers (NYSE: CNS) has declared a cash dividend of $0.45 per share for Q3 2021. This dividend will be paid on August 26, 2021, to stockholders of record as of the close of business on August 16, 2021. Cohen & Steers is a prominent global investment manager, focusing on real assets and alternative income, with a firm foundation since 1986. The headquarters is located in New York City, and the firm has a global presence in key financial markets.
Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced shareholder distribution details for July 30, 2021. The fund follows a managed distribution policy since December 2012, which allows regular monthly payouts. The July distribution amounts to $0.08 per share, with the year-to-date cumulative total return reported at 25.15% and a cumulative distribution rate of 3.52%. The fund's average annual total return over five years is 9.82% with a current annualized distribution rate of 6.03%. Shareholders will receive a Form 1099-DIV for tax purposes after year-end.
Cohen & Steers Total Return Realty Fund, Inc. (NYSE: RFI) announced the sources of its July 30, 2021 distribution. The Fund follows a managed distribution policy aimed at delivering long-term total return through monthly distributions. The July distribution is $0.08 per share, comprising $0.005 from net investment income and $0.075 from net realized long-term capital gains. The Year-to-date Cumulative Total Return stands at 18.43%, with a Cumulative Distribution Rate of 3.74% for fiscal 2021. Shareholders will receive Form 1099-DIV for accurate tax reporting post-year-end.
The Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) announced details regarding its July 30, 2021 distribution. The fund follows a managed distribution policy initiated in December 2016, allowing it to deliver regular monthly distributions, which may include net investment income, capital gains, and return of capital. For July 2021, the total distribution is $0.1430 per share, with net investment income contributing $0.0858 (60%) and long-term capital gains adding $0.0572 (40%). The fund's year-to-date cumulative total return is 4.52%.
On July 29, 2021, Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced the upcoming distribution to shareholders scheduled for July 30, 2021. Under a managed distribution policy initiated in December 2016, the Fund aims to deliver long-term returns through regular monthly distributions. The July distribution totals $0.1570 per share, comprising net investment income and long-term capital gains. As of mid-2021, the Fund reports a cumulative total return of 4.82% and a current annualized distribution rate of 6.94%.
The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced details regarding its distribution payment scheduled for July 30, 2021. The Fund utilizes a managed distribution policy, allowing for regular monthly distributions to shareholders. The current distribution of $0.1240 per share is entirely sourced from long-term capital gains. Year-to-date, the Fund has achieved a 17.07% total return, with a cumulative distribution rate of 3.24%. Shareholders are advised that distribution amounts may vary and will be finalized on Form 1099-DIV after the close of the calendar year.
Cohen & Steers Infrastructure Fund (NYSE: UTF) announced the sources of its July 30, 2021 distribution, following its managed distribution policy established in March 2015. This strategy aims to provide regular monthly distributions by utilizing long-term capital gains and income from investments. For July, the total distribution is $0.1550 per share, comprising $0.0992 from net investment income and $0.0558 from long-term capital gains. Year-to-date, the Fund reported a cumulative total return of 12.14% and a cumulative distribution rate of 4.07% as of June 30, 2021.
Cohen & Steers, Inc. (NYSE: CNS) reported its financial results for Q2 2021, showing significant figures in net income and earnings per share. The earnings presentation is available on their website, along with a scheduled conference call on July 22, 2021, at 10:00 a.m. ET, led by key executives. Investors can join the call live or access a replay later. Cohen & Steers is recognized for its expertise in real assets and alternative income management, with a global presence since 1986.
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