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 press release from Cohen & Steers Select Preferred and Income Fund (PSF) details the distribution to be paid on November 30, 2020, under its managed distribution policy initiated in December 2016. The monthly distributions may consist of net investment income, capital gains, or return of capital. For November 2020, the total distribution per share is $0.1570, with 80.96% sourced from net investment income. The Fund's year-to-date cumulative total return is -0.91%, with a cumulative distribution rate of 7.17% as of October 31, 2020.
Cohen & Steers reported preliminary assets under management (AUM) of $71.2 billion as of October 31, 2020, reflecting an increase of $715 million from September 30, 2020. This growth was primarily driven by net inflows totaling $2.0 billion, though it was partially offset by market depreciation of $1.1 billion and distributions of $219 million.
Cohen & Steers, Inc. (NYSE:CNS) declared a cash dividend of $0.39 per share for Q4 2020, payable on December 1, 2020 to stockholders of record by November 16, 2020. Additionally, a special cash dividend of $1.00 per share will also be paid on the same date to stockholders of record by the same date. This announcement highlights the firm's commitment to returning earnings to shareholders alongside its focus on liquid real assets investment management.
On November 2, 2020, Cohen & Steers MLP Income and Energy Opportunity Fund (NYSE: MIE) reported the repurchase of 13,900 shares since the last update on October 1, 2020. This brings the total repurchased shares for the year to 604,976 and since inception to 758,638. The fund operates a buyback program allowing for up to 10% of its outstanding shares to be repurchased annually at management's discretion. Investors are encouraged to review the fund's investment objectives and risks before investment.
Cohen & Steers Infrastructure Fund (NYSE: UTF) announced its upcoming distribution of $0.1550 per share, payable on October 30, 2020. This is part of its managed distribution policy, which aims to provide regular, fixed-rate distributions to shareholders. The current distribution comprises 96.58% net investment income, and the cumulative returns as of September 30, 2020, show a -12.69% total return, with a 6.81% cumulative distribution rate. Shareholders are reminded that returns of capital can affect tax bases but are not taxable at the time received.
This press release from Cohen & Steers Quality Income Realty Fund, Inc. (RQI) informs shareholders about the distribution sources scheduled for October 30, 2020. The Fund follows a managed distribution policy since December 2012 to facilitate regular monthly payments. The current distribution totals $0.0800 per share, sourced from net investment income (32.5%), return of capital (67.5%), with no short- or long-term capital gains reported. The year-to-date cumulative total return is -12.80%, with a cumulative distribution rate of 6.61%. Shareholders will receive Form 1099-DIV to detail tax reporting.
The Cohen & Steers REIT and Preferred and Income Fund (RNP) announced the distribution of $0.1240 per share, payable on October 30, 2020. This distribution comprises 100% net investment income, while year-to-date distributions total $1.2400 per share, with 21.1% derived from net investment income. The Fund operates under a managed distribution policy, allowing regular monthly distributions and capital gains realization. The year-to-date cumulative total return stands at -6.05%, with a cumulative distribution rate of 5.65%. Investors are advised that actual tax characteristics will be finalized after year-end.
Cohen & Steers Select Preferred and Income Fund (PSF) announced its monthly distribution of $0.1570 per share, set for October 30, 2020. This distribution comprises $0.1027 from net investment income, $0.0543 as return of capital, while no short or long-term capital gains were realized. Year-to-date cumulative distributions total $1.6600 per share. The Fund follows a managed distribution policy allowing for regular payouts, although the Board can amend or suspend this policy at any time, which could impact share prices. Shareholders will receive a Form 1099-DIV for tax reporting at the year's end.
The Cohen & Steers Total Return Realty Fund (NYSE: RFI) announced the distribution details for shareholders, set to be paid on October 30, 2020. The Fund employs a managed distribution policy aimed at providing regular monthly payments to shareholders while allowing flexibility to realize long-term capital gains. For October 2020, the total distribution is $0.0800 per share, with 91.37% coming from long-term capital gains. The year-to-date cumulative total return stands at -7.57%, with a cumulative distribution rate of 6.47%. Shareholders should consider that returns may include a return of capital.
Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (LDP) announces its distribution details for October 30, 2020. The Fund follows a managed distribution policy initiated in December 2016, aiming to offer regular monthly distributions based on a fixed rate per share. For October 2020, the distribution totals $0.1430 per share, comprising $0.0981 from net investment income and $0.0449 as return of capital. For fiscal year 2020, the year-to-date cumulative total return is -1.87% while the cumulative distribution rate is 6.16%.
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