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 $92.8 billion as of April 30, 2021, marking an increase of $5.8 billion from March 31, 2021. The growth was driven by net inflows of $821 million and market appreciation of $5.2 billion, though offset by $200 million in distributions. The firm specializes in real assets and alternative income investment management.
The Board of Directors of Cohen & Steers has declared a cash dividend of $0.45 per share for Q2 2021, payable on May 27, 2021. Stockholders of record by the close of business on May 17, 2021 will receive this dividend. Cohen & Steers specializes in global investment management focused on real assets and alternative income, with a strong presence across major cities including New York, London, and Tokyo.
The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced its upcoming distribution to shareholders, scheduled for April 30, 2021. The fund utilizes a managed distribution policy, which can change based on market conditions. For April 2021, the total distribution is estimated at $0.1430 per share, with net investment income contributing $0.0896 and long-term capital gains contributing $0.0534. Year-to-date cumulative total return is 0.98%, while the average annual return over five years stands at 9.04%. Shareholders will receive a Form 1099-DIV for tax purposes.
The press release from Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) details the sources of the upcoming distribution scheduled for April 30, 2021. The Fund follows a managed distribution policy aimed at providing regular monthly distributions to shareholders. For April, the total distribution is $0.1570 per share, with net investment income contributing $0.0890, while the year-to-date total distribution is $0.6280. The Fund's year-to-date cumulative total return is reported at 0.80%, with a five-year average annual total return of 8.71%. Tax implications are noted for distributions.
Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced the distribution details for April 30, 2021. The Fund follows a managed distribution policy since December 2012 to deliver consistent returns via monthly distributions. The current distribution is $0.08 per share, with components including net investment income and capital gains. YTD cumulative total return as of March 31, 2021, is 9.86%, and the cumulative distribution rate is 2.25%. Shareholders will receive tax reporting via Form 1099-DIV post fiscal year.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced the sources of its distribution scheduled for April 30, 2021. The Fund's managed distribution policy, implemented in December 2017, allows for monthly distributions at a fixed rate to enhance long-term total return potential. For April 2021, the total distribution per share is $0.1240, made entirely from net realized long-term capital gains. Year-to-date, cumulative distributions stand at $0.4960 per share. Shareholders will receive a Form 1099-DIV detailing tax reporting specifics after the year-end.
Cohen & Steers Total Return Realty Fund (RFI) has announced its monthly distribution of $0.0800 to be paid on April 30, 2021. This distribution includes net investment income of $0.0077, long-term capital gains of $0.0723, and no return of capital. The managed distribution policy allows the Fund to flexibly distribute long-term gains to shareholders. As of March 31, 2021, the year-to-date cumulative total return was 6.93%, with a cumulative distribution rate of 2.33%. Shareholders should await the 1099-DIV form for tax reporting post-year-end.
The press release from Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) announces the estimated sources of its upcoming distribution on April 30, 2021. The Fund follows a managed distribution policy aimed at providing regular dividends while allowing for capital gains realization. For April 2021, the total distribution is $0.1550 per share, comprised primarily of long-term capital gains. The Fund has a year-to-date cumulative total return of 6.40% and a cumulative distribution rate of 2.41% as of March 31, 2021. Shareholders are informed that a portion of the distribution may be a return of capital, impacting tax treatment.
Cohen & Steers (NYSE: CNS) reported its financial results for the first quarter ending March 31, 2021. The earnings release is available on their website. A conference call to discuss these results will occur on April 22, 2021, at 10:00 a.m. ET, featuring key executives including Joseph Harvey, Matthew Stadler, and Jon Cheigh. Investors can access the call via phone or webcast, and a replay will be available for two weeks following the call. Cohen & Steers specializes in global investment management focused on real assets and alternative income.
Cohen & Steers (NYSE: CNS) has established a new Private Real Estate Group, aiming to tap into the $15 trillion U.S. commercial real estate market, which is mostly private. Led by James S. Corl, the team includes experienced professionals from notable firms. This initiative enhances the firm's investment strategies, allowing for direct property investments and partnerships with specialized fund managers. The firm emphasizes a value-oriented approach and aims to capitalize on market opportunities driven by evolving real estate trends.
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