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 Infrastructure Fund (NYSE: UTF) announced distribution details to shareholders for May 28, 2021. The Fund operates under a managed distribution policy since March 2015, offering consistent monthly distributions to enhance total returns. The current distribution amounts to $0.1550 per share, comprising net investment income (42.32%), long-term capital gains (57.68%), and no return of capital. Cumulative total return year-to-date is 11.77%, with a current annualized distribution rate of 6.92%. Shareholders should monitor the Fund's performance and tax implications provided in Form 1099-DIV.
The Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced its upcoming distribution on May 28, 2021, providing details on the sources of this distribution. The fund follows a managed distribution policy initiated in December 2012, aiming to deliver regular monthly distributions while allowing flexibility in capital gains realization. Current distribution estimates include $0.0147 from net investment income and $0.0653 from net realized long-term capital gains. The fund's year-to-date cumulative total return as of April 30, 2021, stands at 21.09%, with an average annual total return of 11.09%.
The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced its upcoming distribution payment scheduled for May 28, 2021. The Fund employs a managed distribution policy aimed at delivering long-term total returns via regular monthly distributions. The distribution consists of net investment income, capital gains, and potentially a return of capital. As of May 2021, the total current distribution per share is $0.1430, with cumulative distributions for the year reaching $0.7150. Investors should be aware that distribution amounts may vary based on market conditions.
The press release from Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) details the upcoming distribution set for May 28, 2021, and outlines cumulative distributions for the fiscal year-to-date. Under a managed distribution policy, the Fund aims to enhance long-term returns through regular monthly payouts. Shareholders receive distributions from varied sources, including capital gains. For fiscal 2021, the Year-to-date Cumulative Total Return stands at 13.53% and the Cumulative Distribution Rate at 2.36%. Shareholders will receive Form 1099-DIV for tax purposes.
The press release from Cohen & Steers Total Return Realty Fund (NYSE: RFI) informs shareholders about the distribution to be paid on May 28, 2021. The Fund follows a managed distribution policy established in December 2011, allowing it to provide regular monthly distributions and potentially realize long-term capital gains. The total current distribution for May 2021 is $0.08 per share, comprising net investment income and net realized long-term capital gains. As of April 30, 2021, the year-to-date cumulative total return is 15.30%. Shareholders will receive a Form 1099-DIV for tax reporting.
Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced distribution details for shareholders, set to be paid on May 28, 2021. The Fund follows a managed distribution policy aimed at delivering long-term total returns through regular monthly distributions. For May 2021, the total distribution per share is $0.1570, which includes $0.1237 from net investment income, accounting for 78.79% of the current distribution. Year-to-date returns stand at 2.46%, with a cumulative distribution rate of 2.92% as of April 30, 2021. Shareholders should consider tax implications as the final distributions will be detailed in a 1099-DIV form.
Cohen & Steers, Inc. (NYSE: CNS) filed a new shelf registration statement on Form S-3 with the SEC, replacing the previous one that expired on May 9, 2021. This continuation reflects the company's strategy to maintain an effective registration since 2005, allowing it to offer securities on a delayed basis. The firm specializes in real assets and alternative income, with a global presence including offices in major financial cities.
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.
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