Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its holdings in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 10.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 19,177 shares of the investment management company’s stock after selling 2,229 shares during the period. HighTower Advisors LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $401,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp acquired a new position in Cohen & Steers REIT and Preferred Income Fund in the third quarter valued at $271,000. Raymond James Financial Inc. acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the fourth quarter worth $7,761,000. Steward Partners Investment Advisory LLC raised its position in shares of Cohen & Steers REIT and Preferred Income Fund by 41.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 29,869 shares of the investment management company’s stock valued at $624,000 after buying an additional 8,733 shares during the last quarter. D.A. Davidson & CO. grew its position in shares of Cohen & Steers REIT and Preferred Income Fund by 12.3% in the fourth quarter. D.A. Davidson & CO. now owns 10,254 shares of the investment management company’s stock valued at $214,000 after purchasing an additional 1,125 shares during the period. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Cohen & Steers REIT and Preferred Income Fund by 78.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 52,192 shares of the investment management company’s stock worth $1,091,000 after acquiring an additional 23,010 shares during the last quarter.

Cohen & Steers REIT and Preferred Income Fund Stock Up 0.4 %

Shares of RNP opened at $22.03 on Tuesday. The stock’s fifty day simple moving average is $21.77 and its 200 day simple moving average is $22.22. Cohen & Steers REIT and Preferred Income Fund, Inc. has a twelve month low of $18.77 and a twelve month high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The business also recently declared a — dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be issued a $0.136 dividend. The ex-dividend date is Tuesday, June 10th. This represents a yield of 7.5%.

About Cohen & Steers REIT and Preferred Income Fund

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.