Cohen & Steers Inc Stock Price, News & Analysis

Cohen & Steers (NYSE: CNS) has been named "Real Assets Manager of the Year" at the 2021 Industry Innovation Awards by Chief Investment Officer Magazine. The awards commend firms that enhance client portfolios through innovative asset management. Jon Cheigh, CIO, highlighted the firm's 35-year commitment to developing unique, alpha-generating investment strategies in real assets. Cohen & Steers continues to innovate with next-generation strategies, including Digital Infrastructure and Global Logistics, while managing over $100 billion in assets across five offices worldwide.

Cohen & Steers (NYSE: CNS) has been named one of the "Best Places to Work in Money Management" for the second consecutive year by Pensions & Investments. This recognition highlights the company's strong workplace culture, emphasizing innovation and teamwork. The evaluation process included a 25% score from company policies and a 75% score from employee surveys regarding leadership, culture, and compensation. To qualify, firms must have at least 20 U.S. employees and $100 million in discretionary assets under management.

Cohen & Steers reported preliminary assets under management (AUM) of $100.2 billion as of November 30, 2021, reflecting a decrease of $1.4 billion from October 31, 2021. This decline was attributed to market depreciation of $1.4 billion and $204 million in distributions, despite net inflows of $201 million.

As for the breakdown, total AUM was comprised of various accounts and funds, with significant contributions from institutional accounts and open-end funds.

Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced an amendment to its investment policy, effective March 31, 2022. The former policy required 80% of total assets to be invested in high-quality REITs producing income. This will now include income-producing common stocks and other securities from real estate companies. The definition of a 'real estate company' remains, focusing on revenue from real estate activities. Changes to this policy can only occur with 60 days advance notice to shareholders as per regulatory requirements.

This press release from Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announces the sources of its distributions for November 30, 2021, and year-to-date cumulative distributions. The Fund follows a managed distribution policy initiated in December 2017, allowing for greater flexibility in capital gains distribution. The current monthly distribution is $0.1240 per share, fully derived from net investment income. The fiscal year-to-date cumulative total return is 23.86%, with a cumulative distribution rate of 4.89%. Shareholders will receive Form 1099-DIV for tax purposes.

The Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) announced its distribution for November 30, 2021, totaling $0.1430 per share. This payment is part of a managed distribution policy established in December 2016, allowing the Fund to distribute regular monthly payments to shareholders. The current distribution comprises 68.39% net investment income and 31.61% long-term capital gains. Year-to-date, the Fund achieved a cumulative total return of 5.72% and a cumulative distribution rate of 6.05% as of October 31, 2021.

The press release from Cohen & Steers Total Return Realty Fund (NYSE: RFI) details the distribution sources for November 2021 and cumulative distributions year-to-date. The fund follows a managed distribution policy allowing fixed monthly distributions, enhancing flexibility for long-term capital gains realization. The current distribution is $0.0800 per share, with key sources being net investment income and realized capital gains. Year-to-date cumulative total return for 2021 stands at 26.09%, with a cumulative distribution rate of 5.63%. Shareholders will receive Form 1099-DIV for tax reporting.

The Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) announced details of its November 30, 2021 distribution to shareholders. Under its managed distribution policy, the Fund aims for consistent monthly distributions while allowing for long-term capital gains realization. The November distribution is $0.1550 per share, sourced mainly from net investment income (67.61%) and short-term capital gains (29.35%). For the fiscal year to date, the cumulative distribution rate stands at 6.20%, with a year-to-date cumulative total return of 18.35% as of October 31, 2021.