Cohen & Steers REIT/Pfd Inc Fd (RNP) : Deschutes Portfolio Strategy reduced its stake in Cohen & Steers REIT/Pfd Inc Fd by 4.67% during the most recent quarter end. The investment management company now holds a total of 405,827 shares of Cohen & Steers REIT/Pfd Inc Fd which is valued at $7,808,111 after selling 19,900 shares in Cohen & Steers REIT/Pfd Inc Fd , the firm said in a disclosure report filed with the SEC on May 3, 2016.Cohen & Steers REIT/Pfd Inc Fd makes up approximately 4.09% of Deschutes Portfolio Strategy’s portfolio.
Other Hedge Funds, Including , Cambridge Investment Research Advisors reduced its stake in RNP by selling 334 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 19,278 shares of RNP which is valued at $370,909. Cohen & Steers REIT/Pfd Inc Fd makes up approx 0.01% of Cambridge Investment Research Advisors’s portfolio.Metlife Securities Inc reduced its stake in RNP by selling 1,211 shares or 3.53% in the most recent quarter. The Hedge Fund company now holds 33,117 shares of RNP which is valued at $624,255. Cohen & Steers REIT/Pfd Inc Fd makes up approx 0.03% of Metlife Securities Inc’s portfolio. Integrated Wealth Management added RNP to its portfolio by purchasing 346 company shares during the most recent quarter which is valued at $6,522.
Cohen & Steers REIT/Pfd Inc Fd opened for trading at $19.43 and hit $19.61 on the upside on Tuesday, eventually ending the session at $19.58, with a gain of 0.88% or 0.17 points. The heightened volatility saw the trading volume jump to 1,46,664 shares. Company has a market cap of $837 M.
Cohen & Steers REIT and Preferred Income Fund Inc. 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 and capital appreciation. The Fund is focused on sectors which include office apartment regional mall diversified health care shopping center hotel self storage industrial banking insurance real estate utility financial services other assets telecommunications pipeline and energy. The Fund’s investment manager is Cohen & Steers Capital Management Inc.