Cohen & Steers Inc Stock Price, News & Analysis

Cohen & Steers (NYSE: CNS) has been awarded the title of one of the "Best Places to Work in Money Management" by Pensions & Investments. This recognition stems from a survey that evaluates companies in the money management industry based on workplace culture and employee satisfaction. CEO Robert Steers emphasized the firm's commitment to excellence and inclusion, which fosters a productive work environment, especially during remote work challenges in 2020. The survey evaluated firms with at least $100 million in discretionary assets and included anonymous employee feedback as a significant part of the scoring process.

The Board of Directors of Cohen & Steers Total Return Realty Fund (NYSE: RFI) has declared a year-end capital gain distribution of $0.050 per share, payable on December 31, 2020. This distribution, alongside regular monthly dividends, is to fulfill the 2020 federal excise tax requirements. The Fund operates under a managed distribution policy initiated in December 2011, providing flexibility for consistent distributions. This year, the Fund reported a cumulative total return of -2.72% and a cumulative distribution rate of 7.86% as of November 30, 2020.

The Board of Directors of the Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has announced its first monthly distribution of $0.130 per common share. This reflects an annualized distribution rate of 6.24% based on the $25.00 IPO price. Distributions for January, February, and March 2021 have also been scheduled. The Fund began trading on the NYSE on October 28, 2020, under ticker PTA. Shareholders will receive a Form 1099-DIV for tax purposes, as distributions may include capital gains and/or return of capital.

Cohen & Steers reported preliminary assets under management (AUM) of $76.7 billion as of November 30, 2020, reflecting an increase of $5.5 billion from the previous month. This growth was attributed to net inflows of $458 million and market appreciation of $5.2 billion, despite distributions totaling $221 million. The firm specializes in liquid real assets, including real estate securities and listed infrastructure.

Cohen & Steers (NYSE: CNS) has appointed Greg Bottjer as Executive Vice President and Head of Global Product Strategy & Development. Bottjer, with over 27 years in financial services, previously held leadership roles at Nuveen. His strategic position aims to enhance product offerings in real assets and alternative income, aligning with the firm’s goal to innovate and address client needs for diversifying returns and inflation protection. CEO Robert Steers and President Joseph Harvey emphasized their commitment to maintaining investment excellence and expanding capabilities under Bottjer's leadership.

Cohen & Steers MLP Income and Energy Opportunity Fund (MIE) announced the repurchase of 206,212 common shares since November 2, 2020, totaling 811,188 shares repurchased year-to-date as of November 30, 2020. This is part of a share repurchase program authorizing up to 10% of the Fund's outstanding shares within a calendar year. Since inception on March 26, 2013, total shares acquired reached 964,850. Investors are advised to evaluate the Fund's objectives, risks, and expenses before investing.

The Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) announced the distribution details for November 30, 2020. Under a managed distribution policy initiated in December 2016, the Fund aims to provide regular monthly distributions, offering the flexibility to realize long-term capital gains. The current monthly distribution is $0.1430 per share, composed of net investment income, return of capital, and no short or long-term capital gains. The Year-to-date Cumulative Total Return for 2020 is -0.87%, while the Average Annual Total Return for the last five years is 7.33%.

Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced a distribution of $0.1240 per share, payable on November 30, 2020. This is part of a managed distribution policy initiated in December 2017, allowing regular monthly payouts. For 2020, the Fund's Year-to-date Cumulative Total Return is -7.39%, while the Cumulative Distribution Rate stands at 6.34%. Shareholders are advised that the final tax characteristics of the distributions will be reported on Form 1099-DIV after year-end.

Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) announced its upcoming distribution set for November 30, 2020. The Fund employs a managed distribution policy since March 2015, aiming to provide regular monthly distributions based on its long-term total return potential. The current distribution of $0.1550 per share is entirely sourced from net investment income. Cumulative distributions for 2020 amount to $1.7050 per share. Notably, the Fund's year-to-date cumulative total return is -12.78%, while the cumulative distribution rate is 7.55%. Shareholders will receive a Form 1099-DIV for tax reporting in the following year.