Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP – Get Rating) by 24.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,323 shares of the investment management company’s stock after selling 8,007 shares during the quarter. Truist Financial Corp’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $472,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. SeaCrest Wealth Management LLC acquired a new stake in Cohen & Steers REIT and Preferred Income Fund during the second quarter worth about $38,000. Total Clarity Wealth Management Inc. purchased a new position in Cohen & Steers REIT and Preferred Income Fund in the second quarter valued at approximately $44,000. US Bancorp DE lifted its position in Cohen & Steers REIT and Preferred Income Fund by 80.5% during the second quarter. US Bancorp DE now owns 3,140 shares of the investment management company’s stock valued at $67,000 after buying an additional 1,400 shares in the last quarter. CoreCap Advisors LLC acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the second quarter worth $93,000. Finally, Private Trust Co. NA purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 2nd quarter valued at $110,000.

Cohen & Steers REIT and Preferred Income Fund Stock Down 0.5 %

Shares of Cohen & Steers REIT and Preferred Income Fund stock opened at $21.89 on Tuesday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a twelve month low of $18.80 and a twelve month high of $27.36. The company has a fifty day moving average price of $21.85 and a 200 day moving average price of $22.06.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be paid a $0.136 dividend. The ex-dividend date of this dividend is Tuesday, March 14th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 7.46%.

Cohen & Steers REIT and Preferred Income Fund Profile

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Cohen & Steers REIT and Preferred Income Fund, Inc is a closed-ended balanced mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts.