Cohen & Steers REIT/Pfd Inc Fd (RNP) Shares Bought by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. boosted its holdings in Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP) by 36.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 83,616 shares of the investment management company’s stock after purchasing an additional 22,334 shares during the quarter. Ladenburg Thalmann Financial Services Inc. owned about 0.18% of Cohen & Steers REIT/Pfd Inc Fd worth $1,772,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. raised its position in Cohen & Steers REIT/Pfd Inc Fd by 4.5% in the second quarter. Ameriprise Financial Inc. now owns 11,935 shares of the investment management company’s stock worth $240,000 after acquiring an additional 518 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Cohen & Steers REIT/Pfd Inc Fd in the second quarter valued at $245,000. Sheaff Brock Investment Advisors LLC acquired a new stake in Cohen & Steers REIT/Pfd Inc Fd in the second quarter valued at $265,000. Advisor Group Inc. grew its holdings in Cohen & Steers REIT/Pfd Inc Fd by 2.7% in the second quarter. Advisor Group Inc. now owns 15,005 shares of the investment management company’s stock valued at $311,000 after purchasing an additional 389 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in Cohen & Steers REIT/Pfd Inc Fd by 42.8% in the third quarter. Stratos Wealth Partners LTD. now owns 14,840 shares of the investment management company’s stock valued at $315,000 after purchasing an additional 4,449 shares during the last quarter.

Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP) traded up $0.11 during trading on Friday, reaching $20.94. The company’s stock had a trading volume of 85,218 shares, compared to its average volume of 81,469. Cohen & Steers REIT/Pfd Inc Fd has a 12 month low of $18.57 and a 12 month high of $21.98.

The company also recently announced a monthly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were issued a $0.124 dividend. This represents a $1.49 annualized dividend and a yield of 7.11%. The ex-dividend date was Tuesday, November 14th.

In other news, Director Nolan Allan Watson bought 100,000 shares of the stock in a transaction on Tuesday, December 5th. The shares were bought at an average price of $1.01 per share, with a total value of $101,000.00. Insiders acquired 427,000 shares of company stock worth $143,510 in the last three months.

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Cohen & Steers REIT/Pfd Inc Fd Profile

Cohen & Steers REIT and Preferred Income Fund, Inc (the Fund) is a diversified, closed-end management investment fund. The Fund’s investment objective is high current income through investment in real estate and diversified preferred securities. The secondary investment objective is capital appreciation.

Institutional Ownership by Quarter for Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP)

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