Cohen & Steers (CNS) was Initiated by Credit Suisse to “Neutral”. Credit Suisse advised their investors in a research report released on Jul 15, 2016.
On the company’s financial health, Cohen & Steers reported $0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $0.42. The company had revenue of $79.70 million for the quarter, compared to analysts expectations of $80.88 million. The company’s revenue was down -4.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.45 EPS.
Cohen & Steers opened for trading at $42.36 and hit $42.67 on the upside on Wednesday, eventually ending the session at $42.6, with a gain of 1.43% or 0.6 points. The heightened volatility saw the trading volume jump to 55,618 shares. Company has a market cap of $1,954 M.
In a different news, on Mar 17, 2016, Francis C Poli (General Counsel, Secretary,EVP) sold 12,352 shares at $35.73 per share price.
Cohen & Steers Inc. (CNS) is an investment manager with a focus on real assets including real estate infrastructure and commodities along with preferred securities and other income solutions. The Company serves institutional and individual investors around the world. The Company manages three types of accounts: institutional accounts open-end mutual funds and closed-end funds. The Company’s Institutional accounts for which CNS is the investment adviser represents portfolios of securities it manages for institutional clients. The open-end mutual funds for which the Company is the investment adviser offer and issue new shares continuously as assets are invested and redeem shares when assets are withdrawn. The closed-end funds for which the Company is the investment adviser are registered investment companies that have issued a fixed number of shares through public offerings.