Orinda Asset Management LLC Invests $221,000 in Cohen & Steers REIT/Pfd Inc Fd (RNP) Stock

Orinda Asset Management LLC bought a new position in shares of Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 12,436 shares of the investment management company’s stock, valued at approximately $221,000. Cohen & Steers REIT/Pfd Inc Fd comprises 0.6% of Orinda Asset Management LLC’s holdings, making the stock its 26th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Raymond James & Associates boosted its position in shares of Cohen & Steers REIT/Pfd Inc Fd by 24.9% in the 2nd quarter. Raymond James & Associates now owns 173,946 shares of the investment management company’s stock valued at $3,378,000 after purchasing an additional 34,707 shares during the period. Advisors Asset Management Inc. grew its position in shares of Cohen & Steers REIT/Pfd Inc Fd by 34.3% in the 2nd quarter. Advisors Asset Management Inc. now owns 365,599 shares of the investment management company’s stock valued at $7,100,000 after purchasing an additional 93,330 shares during the period. First Trust Advisors LP boosted its holdings in shares of Cohen & Steers REIT/Pfd Inc Fd by 8.1% in the 3rd quarter. First Trust Advisors LP now owns 192,038 shares of the investment management company’s stock valued at $3,751,000 after buying an additional 14,356 shares during the last quarter. Creative Planning acquired a new stake in Cohen & Steers REIT/Pfd Inc Fd during the 3rd quarter valued at $242,000. Finally, Dubuque Bank & Trust Co. lifted its holdings in shares of Cohen & Steers REIT/Pfd Inc Fd by 2.1% during the third quarter. Dubuque Bank & Trust Co. now owns 284,712 shares of the investment management company’s stock worth $5,560,000 after buying an additional 5,758 shares in the last quarter.

Shares of RNP stock opened at $19.68 on Thursday. Cohen & Steers REIT/Pfd Inc Fd has a 52 week low of $16.42 and a 52 week high of $20.26.

The company also recently announced a monthly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Wednesday, February 13th will be paid a dividend of $0.124 per share. This represents a $1.49 dividend on an annualized basis and a yield of 7.56%. The ex-dividend date is Tuesday, February 12th.

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Cohen & Steers REIT/Pfd Inc Fd Profile

Cohen & Steers REIT and Preferred Income Fund, Inc is a closed-ended balanced mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts.

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

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