Dividend To Observe: Cohen & Steers Reit and Preferred Income Fund Inc (NYSE:RNP) expected to pay $0.12 on Nov 30, 2016

Dividend To Observe:   Cohen & Steers Reit and Preferred Income Fund Inc (NYSE:RNP) expected to pay $0.12 on Nov 30, 2016

Cohen & Steers Reit and Preferred Income Fund Inc (NYSE:RNP) is expected to pay $0.12 on Nov 30, 2016. The indicated annual dividend is $1.73. Shareholders owning the stock before Nov 16, 2016 will be eligible to receive the payout. Based on Cohen & Steers Reit and Preferred Income Fund Inc’s current price of $18.37, the dividend is 0.68%. This dividend’s record date is Nov 18, 2016 and the announcement date is Sep 19, 2016. The stock increased 0.60% or $0.11 on November 14, hitting $18.37. Cohen & Steers REIT Pfd Inc Fd (NYSE:RNP) has declined 2.65% since April 13, 2016 and is downtrending. It has underperformed by 6.58% the S&P500.

Cohen & Steers REIT and Preferred Income Fund, Inc. is a diversified, closed-end management investment fund. The company has a market cap of $868.10 million. The Fund’s investment objective is high current income through investment in real estate and diversified preferred securities. It currently has negative earnings. The secondary investment objective is capital appreciation.

Insitutional Activity: The institutional sentiment decreased to 0.89 in Q2 2016. Its down 0.43, from 1.32 in 2016Q1. The ratio worsened, as 16 funds sold all Cohen & Steers REIT Pfd Inc Fd shares owned while 21 reduced positions. 8 funds bought stakes while 25 increased positions. They now own 7.84 million shares or 15.59% less from 9.29 million shares in 2016Q1.
Moreover, Joel Isaacson Ltd Company has 0% invested in Cohen & Steers REIT Pfd Inc Fd (NYSE:RNP) for 800 shares. Dubuque Bankshares And Tru holds 0.36% or 89,318 shares in its portfolio. Bb&T Securities Ltd Liability holds 0.01% or 30,771 shares in its portfolio. Moreover, Royal National Bank Of Canada has 0% invested in Cohen & Steers REIT Pfd Inc Fd (NYSE:RNP) for 239,089 shares. Smith Moore And, a Missouri-based fund reported 38,460 shares. Advsr Asset Mgmt holds 0.08% of its portfolio in Cohen & Steers REIT Pfd Inc Fd (NYSE:RNP) for 231,499 shares. Wells Fargo And Com Mn last reported 521,104 shares in the company. Camelot Portfolios Lc holds 4.78% of its portfolio in Cohen & Steers REIT Pfd Inc Fd (NYSE:RNP) for 399,133 shares. Wespac Advsrs Ltd Com owns 22,428 shares or 0.48% of their US portfolio. Cornerstone Advisors last reported 3.46% of its portfolio in the stock. Fifth Third National Bank & Trust owns 21,200 shares or 0% of their US portfolio. Vsr Finance Services Inc accumulated 45,752 shares or 0.15% of the stock. Rmb Capital Mgmt Ltd Limited Liability Company holds 107,454 shares or 0.12% of its portfolio. Mcgowan Grp Inc Asset Mgmt last reported 6.08% of its portfolio in the stock. Koshinski Asset Mgmt reported 17,399 shares or 0% of all its holdings.

RNP Company Profile

Cohen & Steers REIT and Preferred Income Fund, Inc. (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is high current income. The Company’s secondary objective is capital appreciation. Cohen & Steers REIT and Preferred Income Fund, Inc. will invest at least 40%, but not more than 60%, of its total assets in common stocks issued by real estate companies, such as real estate investment trusts (REITs); at least 40%, but not more than 60%, of its total assets in preferred securities (up to 10% of which may be invested in REIT preferred securities), and up to 20% of its total assets in debt securities, including convertible debt securities and convertible preferred securities.

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