Welcome to our dedicated page for Cohen & Steers news (Ticker: CNS), a resource for investors and traders seeking the latest updates and insights on Cohen & Steers stock.
Cohen & Steers, Inc. reports developments for a global investment manager focused on real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities and multi-strategy solutions. Company news commonly covers quarterly operating results, preliminary assets under management and net flows, cash dividends on common stock and leadership or distribution organization changes.
Updates also include changes to Cohen & Steers realty indexes, such as the Global Realty Majors Portfolio Index and International Realty Majors Portfolio Index, and notices tied to Cohen & Steers closed-end fund distribution policies.
The Cohen & Steers Infrastructure Fund (UTF) announced its monthly distribution details for March 31, 2021. The total distribution per share is estimated at $0.1550, comprising net investment income, short-term capital gains, and a return of capital. Year-to-date, the cumulative distribution is $0.4650. The Fund's managed distribution policy allows for greater flexibility to distribute long-term capital gains, though it may vary based on market conditions. As of February 28, 2021, the Fund's year-to-date cumulative total return stands at -2.32%.
Cohen & Steers, Inc. (NYSE: CNS) announced preliminary assets under management of $83.1 billion as of February 28, 2021, reflecting an increase of $1.9 billion since January 31, 2021. This growth resulted from $229 million in net inflows and $1.9 billion in market appreciation, slightly countered by $202 million in distributions. The company manages various investment vehicles, specializing in liquid real assets and income solutions, and operates globally with multiple offices.
The Board of Directors of Cohen & Steers (NYSE:CNS) has declared a cash dividend of $0.45 per share for Q1 2021, payable on March 18, 2021. This represents a 15.4% increase from the previous dividend of $0.39 per share. Stockholders of record as of March 8, 2021 will receive the dividend. Founded in 1986, Cohen & Steers is a leading global investment manager focusing on liquid real assets, including real estate securities, infrastructure, and natural resources.
The Cohen & Steers Limited Duration Preferred and Income Fund (LDP) announced its monthly distribution of $0.1430 per share, payable on February 26, 2021. The distribution comprises 72.87% net investment income ($0.1042), 27.13% long-term capital gains ($0.0388), and no return of capital. The Fund's year-to-date cumulative total return stands at 0.05%, with an average annual total return of 8.90% over five years. The managed distribution policy offers flexibility for regular monthly distributions, but the Board may amend this policy, potentially impacting the Fund's market price.
The Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced its distribution details for February 26, 2021. The Fund employs a managed distribution policy, initiated in December 2017, to maximize long-term total returns through regular monthly distributions. For February, the estimated distribution is $0.1240 per share, solely from long-term capital gains. The cumulative total return for 2021 as of January 31 is -1.03%, with a cumulative distribution rate of 1.07%. Shareholders will receive a Form 1099-DIV for tax reporting after the year-end.
Cohen & Steers Total Return Realty Fund (RFI) announced its February 2021 distribution, set at $0.08 per share, derived entirely from long-term capital gains. The Fund's managed distribution policy, initiated in December 2011, aims to provide regular monthly payouts, allowing flexibility in realizing capital gains. Current total return year-to-date is -1.00%, with a cumulative distribution rate of 1.24%. The Fund's average annual total return over five years is 7.49%, and the current annualized distribution rate is 7.45%. Shareholders should await Form 1099-DIV for tax reporting.
Cohen & Steers Select Preferred and Income Fund (PSF) announced the source details of its upcoming distribution scheduled for February 26, 2021. The Fund adopts a managed distribution policy to provide consistent monthly distributions, which may include long-term capital gains, short-term capital gains, net investment income, and return of capital. For February, the total distribution is $0.1570 per share, with net investment income accounting for $0.1200 (76.43%). The fiscal year-to-date cumulative total return is estimated at -0.16%, while average annual total return over the last five years is 8.67%. The Fund's current annualized distribution rate is 7.08%.
On February 24, 2021, Cohen & Steers Quality Income Realty Fund (NYSE: RQI) announced the sources of its monthly distribution of $0.08 per share, scheduled for February 26, 2021. The Fund follows a managed distribution policy, allowing regular capital gains distributions. As of January 31, 2021, the Fund's Year-to-Date Cumulative Total Return was -1.51%, while the Average Annual Total Return over five years stood at 7.93%. Shareholders should note that the distribution amounts are estimates and may change based on the Fund's investment performance.
Cohen & Steers Infrastructure Fund, Inc. (NYSE: UTF) has announced its monthly distribution of $0.1550 per share, payable on February 26, 2021. The distribution's sources include net investment income, net realized long-term capital gains, and a return of capital. The managed distribution policy allows the Fund to optimize long-term returns through regular monthly payments. The Year-to-date Cumulative Total Return is -1.19%, while the Average Annual Total Return over five years stands at 10.89%. Shareholders will receive a Form 1099-DIV for tax reporting.
Cohen & Steers reported preliminary assets under management (AUM) of $81.2 billion as of January 31, 2021, marking an increase of $1.3 billion from December 31, 2020. This rise was attributed to net inflows totaling $2.1 billion, although partially offset by market depreciation of $586 million and distributions of $207 million.
The firm specializes in liquid real assets, including real estate securities and natural resource equities.