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.
The Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced its distribution sources for the upcoming payment on December 31, 2020. Implementing a managed distribution policy since December 2016, the Fund aims for long-term total return through regular monthly distributions. The December distribution totals $0.1570 per share, comprising net investment income and long-term capital gains. YTD returns show a cumulative rate of 7.45%, while the five-year average annual total return stands at 8.23%. Shareholders should be aware that returns of capital may occur, which affect their tax basis.
The press release from Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) outlines the sources of its December 31, 2020, distribution, including net investment income and return of capital. The Fund follows a managed distribution policy aimed at delivering long-term total returns through regular monthly distributions. For December 2020, the total current distribution is $0.1430 per share, primarily from net investment income at $0.1293 (90.42%). The year-to-date cumulative total return is 3.86%, with a cumulative distribution rate of 7.00%. Shareholders will receive a Form 1099-DIV for tax purposes.
The Cohen & Steers Infrastructure Fund (NYSE: UTF) announced its upcoming monthly distribution of $0.1550 per share, to be paid on December 31, 2020. This distribution is entirely sourced from net investment income, which accounts for 100% of the current payment. For the fiscal year-to-date, the fund has distributed a total of $1.8600 per share, with 25.82% derived from net investment income. The fund emphasizes that part of the distribution may be considered a return of capital. The year-to-date cumulative total return as of November 30, 2020, is -5.47%, contrasting with a cumulative distribution rate of 7.65%.
Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announces upcoming distributions for December 31, 2020. The Fund's managed distribution policy aims to enhance long-term returns through regular monthly payouts. In December, distributions will comprise mainly net investment income ($0.0665, 83.13% of current distribution). However, the Fund warns that it has distributed beyond its income and capital gains, implying a potential return of capital. The current annualized distribution rate stands at 7.54%, against a year-to-date cumulative total return of -6.90% for fiscal 2020.
This press release informs shareholders of Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) about the upcoming distribution payment on December 31, 2020, and cumulative distributions for the fiscal year. The Fund's managed distribution policy aims to provide regular monthly distributions, which may include net investment income, capital gains, and return of capital. The total distribution for December 2020 is $0.1240 per share, while year-to-date distributions amount to $1.4880 per share. Shareholders will receive a Form 1099-DIV for tax purposes following the year's end.
This press release from Cohen & Steers Total Return Realty Fund (RFI) details the upcoming distribution payment scheduled for December 31, 2020. The Fund adopts a managed distribution policy to enhance its long-term return potential through monthly distributions. The December distribution is set at $0.0800 per share, primarily sourced from net investment income. Cumulative returns for fiscal year 2020 show a -2.72% total return, with a cumulative distribution rate of 7.86%. Shareholders will receive Form 1099-DIV post-year-end for tax reporting.
Cohen & Steers (NYSE: CNS) has been awarded the title of one of the "Best Places to Work in Money Management" by Pensions & Investments. This recognition stems from a survey that evaluates companies in the money management industry based on workplace culture and employee satisfaction. CEO Robert Steers emphasized the firm's commitment to excellence and inclusion, which fosters a productive work environment, especially during remote work challenges in 2020. The survey evaluated firms with at least $100 million in discretionary assets and included anonymous employee feedback as a significant part of the scoring process.
The Board of Directors of Cohen & Steers Total Return Realty Fund (NYSE: RFI) has declared a year-end capital gain distribution of $0.050 per share, payable on December 31, 2020. This distribution, alongside regular monthly dividends, is to fulfill the 2020 federal excise tax requirements. The Fund operates under a managed distribution policy initiated in December 2011, providing flexibility for consistent distributions. This year, the Fund reported a cumulative total return of -2.72% and a cumulative distribution rate of 7.86% as of November 30, 2020.
The Board of Directors of the Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has announced its first monthly distribution of $0.130 per common share. This reflects an annualized distribution rate of 6.24% based on the $25.00 IPO price. Distributions for January, February, and March 2021 have also been scheduled. The Fund began trading on the NYSE on October 28, 2020, under ticker PTA. Shareholders will receive a Form 1099-DIV for tax purposes, as distributions may include capital gains and/or return of capital.
Cohen & Steers reported preliminary assets under management (AUM) of $76.7 billion as of November 30, 2020, reflecting an increase of $5.5 billion from the previous month. This growth was attributed to net inflows of $458 million and market appreciation of $5.2 billion, despite distributions totaling $221 million. The firm specializes in liquid real assets, including real estate securities and listed infrastructure.
FAQ
What is the current stock price of Cohen & Steers (CNS)?
What is the market cap of Cohen & Steers (CNS)?
What does Cohen & Steers specialize in?
Where is Cohen & Steers headquartered?
What are the primary assets managed by Cohen & Steers?
How is Cohen & Steers' asset distribution balanced?
What were the recent financial highlights?
How can investors access Cohen & Steers' earnings reports?
Who are the key executives at Cohen & Steers?
What recent strategic initiatives has Cohen & Steers undertaken?
Which index recently included Cohen & Steers?
How can one participate in Cohen & Steers’ conference calls?
