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 (NYSE: CNS) announced upcoming changes to its International Realty Majors Portfolio Index (IRP) and Global Realty Majors Portfolio Index (GRM), effective August 21, 2020. The adjustments include the addition of LondonMetric Property PLC (LMP.LN), Warehouses De Pauw SCA (WDP.BB), and Fabege AB (FABG.SS) to both indexes. Conversely, Unibail-Rodamco-Westfield (URW.NA), GPT Group (GPT.AU), and Hongkong Land Holdings Ltd. (HKL.SP) will be removed. These modified market capitalization-weighted total return indexes serve as benchmarks for real estate equity securities.
Cohen & Steers (NYSE: CNS) announced preliminary assets under management (AUM) of $70.1 billion as of July 31, 2020, up $3.8 billion from June 30, 2020. The increase was driven by net inflows of $1.3 billion and market appreciation of $2.7 billion, offset by distributions totaling $209 million. The firm's growth reflects a strong demand for its investment strategies, particularly in liquid real assets.
The Board of Directors of Cohen & Steers has declared a cash dividend of $0.39 per share for Q3 2020. This dividend is payable on August 27, 2020 to stockholders on record by the close of business on August 17, 2020. Founded in 1986, Cohen & Steers is a global investment manager based in New York City, focusing on liquid real assets such as real estate securities and infrastructure.
Cohen & Steers MLP Income and Energy Opportunity Fund (NYSE: MIE) reported the repurchase of 217,189 shares since June 22, 2020, raising the total for 2020 to 392,568 shares. The repurchase program allows for up to 10% of outstanding shares to be bought back within a year. As of July 31, 2020, a cumulative total of 546,230 shares have been repurchased since the program's inception on March 26, 2013. Investors should review the Fund's objectives and risks prior to investing.
Cohen & Steers Quality Income Realty Fund (RQI) announced the sources of its upcoming distribution, set for July 31, 2020. The fund's managed distribution policy, established in December 2012, aims to deliver long-term total returns through regular monthly distributions. For July 2020, the total distribution is estimated at $0.0800 per share, comprised of 95.88% short-term capital gains and 4.12% long-term capital gains. The Fund's year-to-date cumulative total return is -16.25%.
The Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) announced its distribution sources for July 31, 2020. Since implementing a managed distribution policy in March 2015, the Fund aims for regular monthly distributions to enhance long-term returns. The current distribution is $0.1550 per share, consisting of net investment income, short-term gains, long-term gains, and a return of capital. Year-to-date cumulative total return is estimated at -14.84%, with a cumulative distribution rate of 4.79%. Investors are advised that returns of capital may impact tax reporting.
The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced distribution details for shareholders on July 31, 2020. The Fund employs a managed distribution policy initiated in December 2017, which allows for monthly distributions to enhance long-term total return potential. For July 2020, the total current distribution is estimated at $0.1240 per share, sourced entirely from net realized short-term capital gains. Year-to-date, the cumulative distribution is $0.8680. The Fund reported a year-to-date cumulative total return of -10.87% as of June 30, 2020, alongside a cumulative distribution rate of 4.09%. The Fund's average annual total return over the past five years stands at 8.50%.
The press release from Cohen & Steers Total Return Realty Fund (NYSE: RFI) details the sources of its distribution scheduled for July 31, 2020. The Fund's managed distribution policy aims to provide regular monthly payouts to shareholders, which may include long-term capital gains, short-term capital gains, net investment income, and return of capital. As of July 2020, the total distribution is $0.0800 per share, with 93.88% coming from return of capital. Year-to-date cumulative total return is reported at -10.44%, while the average annual total return over five years stands at 6.73%. Investors should consider potential risks associated with the policy.
The press release from Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) announces the distribution of $0.1570 per share to be paid on July 31, 2020. The Fund follows a managed distribution policy since December 2016, allowing it to provide consistent monthly payouts. The distribution sources include $0.1031 from net investment income, $0.0539 as return of capital, and no capital gains this month. Year-to-date, the cumulative distribution totals $1.1890. The Fund reported a year-to-date cumulative total return of -8.79% and an average annual total return of 6.15% over the past five years.
Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced the sources of its distribution to be paid on July 31, 2020. The managed distribution policy, implemented in December 2016, aims for regular monthly distributions at a fixed rate to enhance long-term total return. For July 2020, the distribution is $0.1430 per share, with 66.78% from net investment income and 33.22% as return of capital. Year-to-date cumulative total return is -9.13%, while the cumulative distribution rate is 4.67%. Shareholders will receive Form 1099-DIV indicating tax reporting details.
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