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 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%.
Cohen & Steers (NYSE: CNS) reported its financial results for the third quarter of 2020, which ended on September 30, 2020. The company will hold a conference call on October 22, 2020, at 10:00 a.m. ET to discuss these results. Investors can access the call via a dedicated phone line or through the company's website. Founded in 1986 and headquartered in New York City, Cohen & Steers specializes in liquid real assets, including real estate securities and listed infrastructure.
Cohen & Steers, Inc. (NYSE:CNS) will release its third quarter 2020 financial results on October 21, 2020, after market close. The earnings presentation will be accessible through their website. A conference call to discuss the results and outlook is scheduled for October 22, 2020, at 10:00 a.m. (ET), featuring CEO Robert Steers and other executives. Investors can participate via telephone or webcast, with a replay available for two weeks post-call. Cohen & Steers specializes in liquid real assets and has a global presence in investment management.
Cohen & Steers (NYSE:CNS) reported preliminary assets under management (AUM) of $70.5 billion as of September 30, 2020, reflecting a $1.6 billion decline from August 31, 2020. This drop was attributed to $24 million in net outflows, $1.2 billion in market depreciation, and $303 million in distributions. The firm specializes in liquid real assets and has a global presence with offices in major cities including New York and Tokyo.
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.
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