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 MLP Income and Energy Opportunity Fund (MIE) has repurchased 82,826 shares since its last update on September 1, 2020, bringing the total for 2020 to 591,076 shares. This share repurchase program allows for the buyback of up to 10% of outstanding shares within a calendar year. Since inception on March 26, 2013, the total shares repurchased amount to 744,738. Investors are encouraged to review the Fund's objectives and risks before investing, with complete reports accessible online.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) announced its distribution payment details to shareholders for September 30, 2020. The Fund follows a managed distribution policy launched in March 2015, facilitating monthly distributions based on long-term capital gains. The current distribution totals $0.1550 per share, comprised mainly of net investment income ($0.1416, 91.35%). Year-to-date cumulative total return is -11.03%, while the average annual total return over five years is 8.84%. Shareholders should note that some distributions may include return of capital, impacting their tax basis.
The press release from Cohen & Steers Quality Income Realty Fund, Inc. (NYSE: RQI) announces the monthly distribution of $0.0800 per share, payable on September 30, 2020. The Fund's managed distribution policy enables it to deliver long-term total return through regular monthly distributions, including net investment income and potential capital gains. However, the total return for the year-to-date period is reported at -10.76%, with a cumulative distribution rate of 5.77%. Shareholders are advised that distribution amounts may change based on portfolio performance, and final tax characteristics will be provided on Form 1099-DIV.
The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) will pay a distribution of $0.1240 per share on September 30, 2020. This distribution is sourced entirely from net investment income, comprising 100% of the current distribution. The fund's managed distribution policy allows for monthly fixed-rate distributions, enabling flexibility in realizing and distributing long-term capital gains. As of August 31, 2020, the fund's year-to-date cumulative total return stands at -4.31%, with a cumulative distribution rate of 4.96%.
The press release from Cohen & Steers Limited Duration Preferred and Income Fund (LDP) details the sources of its upcoming distribution on September 30, 2020. Following a managed distribution policy since December 2016, the Fund aims to provide regular monthly distributions to shareholders. For September 2020, the distribution amounts to $0.1430 per share, comprising 94.41% net investment income and 5.59% return of capital. As of August 31, 2020, the year-to-date cumulative total return is -1.19%, while the average annual total return over five years stands at 7.55%. The Fund's NAV performance indicates market conditions affecting share value.
Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announced information about its upcoming distribution on September 30, 2020, as part of its managed distribution policy. This policy allows the Fund to distribute regular monthly payments to shareholders, incorporating various sources such as net investment income and return of capital.
As of September 2020, the total distribution is $0.1570 per share, covering YTD distributions totaling $1.5030. The Fund's year-to-date total return is -0.98%, with a cumulative distribution rate of 5.86% for the fiscal year.
Cohen & Steers Total Return Realty Fund (NYSE: RFI) has announced its monthly distribution of $0.08 per share to be paid on September 30, 2020. This distribution aligns with the Fund's managed distribution policy initiated in December 2011, aimed at delivering long-term capital gains to shareholders. As of August 31, 2020, the Fund recorded a Year-to-Date Cumulative Total Return of -5.87% and a Cumulative Distribution Rate of 5.68%. Notably, the estimated monthly distribution consists mainly of net investment income (65.63%) and realized long-term capital gains (34.37%).
Cohen & Steers (NYSE: CNS) announced the appointment of David Conway as Head of Wholesale Distribution, EMEA. With over two decades of international experience, Conway previously served as Global Sales Director at Jupiter Asset Management. His leadership aims to enhance Cohen & Steers' fund business among financial intermediaries in Europe and the Middle East. This move follows recent appointments aimed at scaling the firm's European operations, which recorded a 24% organic growth and net inflows of $3.4 billion in Q2.
Cohen & Steers (NYSE: CNS) has invested approximately $100 million in Lineage Logistics, the leading provider of temperature-controlled logistics solutions. This investment targets the growing demand for innovative cold storage amidst evolving food supply chains. Lineage, with over 1.9 billion cubic feet across 320 facilities in 13 countries, is well-positioned for future growth. This strategic move aligns with Cohen & Steers' goal to generate alpha through private real estate investments, particularly in a post-pandemic environment where companies seek capital partners.
Cohen & Steers reported preliminary assets under management (AUM) of $72.1 billion as of August 31, 2020, reflecting an increase of $1.9 billion compared to July 31, 2020. This rise was driven by net inflows of $1.0 billion and market appreciation of $1.2 billion, though offset by distributions totaling $211 million.
The firm specializes in liquid real assets and is headquartered in New York City. The increase in AUM highlights growth in investment management capabilities.
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