Cohen & Steers Inc (NYSE:CNS - Get Free Report) CAO Elena Dulik sold 1,100 shares of the stock in a transaction on Monday, July 20th. The shares were sold at an average price of $83.16, for a total value of $91,476.00. Following the sale, the chief accounting officer directly owned 22,146 shares in the company, valued at $1,841,661.36. This trade represents a 4.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Cohen & Steers Trading Up 1.2%
CNS opened at $82.03 on Wednesday. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 2.00 and a beta of 1.22. Cohen & Steers Inc has a 12 month low of $58.39 and a 12 month high of $84.93. The stock has a fifty day moving average price of $76.21 and a 200-day moving average price of $69.75.
Cohen & Steers (NYSE:CNS - Get Free Report) last issued its quarterly earnings data on Thursday, July 16th. The asset manager reported $0.85 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.01). Cohen & Steers had a return on equity of 28.03% and a net margin of 28.82%.The company had revenue of $151.84 million for the quarter, compared to analysts' expectations of $149.45 million. During the same quarter last year, the company earned $0.73 earnings per share. The company's revenue for the quarter was up 12.2% compared to the same quarter last year. On average, equities research analysts forecast that Cohen & Steers Inc will post 3.59 EPS for the current year.
Cohen & Steers Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Monday, May 11th were given a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, May 11th. Cohen & Steers's dividend payout ratio is presently 82.21%.
Institutional Investors Weigh In On Cohen & Steers
A number of large investors have recently made changes to their positions in the stock. Wasatch Advisors LP lifted its position in Cohen & Steers by 15.1% during the 2nd quarter. Wasatch Advisors LP now owns 2,465,698 shares of the asset manager's stock worth $185,790,000 after acquiring an additional 323,759 shares during the period. State Street Corp grew its stake in Cohen & Steers by 1.0% during the 4th quarter. State Street Corp now owns 1,180,611 shares of the asset manager's stock valued at $74,119,000 after purchasing an additional 12,042 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Cohen & Steers by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,174,579 shares of the asset manager's stock valued at $73,467,000 after purchasing an additional 50,580 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Cohen & Steers by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,131,988 shares of the asset manager's stock valued at $71,066,000 after purchasing an additional 30,884 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Cohen & Steers by 215.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 770,149 shares of the asset manager's stock worth $48,350,000 after purchasing an additional 526,096 shares during the last quarter. 51.47% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
CNS has been the topic of a number of recent analyst reports. Weiss Ratings upgraded shares of Cohen & Steers from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, June 29th. Evercore reiterated an "outperform" rating and set a $84.00 price objective on shares of Cohen & Steers in a research note on Friday, July 10th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $76.00.
View Our Latest Report on CNS
About Cohen & Steers
(
Get Free Report)
Cohen & Steers, Inc is a publicly traded investment management firm specializing in real estate securities and alternative income strategies. Founded in 1986 by Martin Cohen and Robert Steers, the company has built a reputation for expertise in listed real estate investment trusts (REITs) and related equities. Headquartered in New York City, Cohen & Steers applies a research-driven approach to identify value and income opportunities across global property markets.
The firm offers a diverse range of investment products, including mutual funds, closed-end funds, and exchange-traded funds (ETFs).
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