Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Sees Significant Increase in Short Interest

Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 142,700 shares, an increase of 53.1% from the February 28th total of 93,200 shares. Based on an average trading volume of 120,600 shares, the short-interest ratio is presently 1.2 days.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

Shares of Cohen & Steers REIT and Preferred Income Fund stock traded up $0.14 during trading on Friday, reaching $21.91. 86,323 shares of the stock were exchanged, compared to its average volume of 104,918. Cohen & Steers REIT and Preferred Income Fund has a 1 year low of $18.77 and a 1 year high of $24.41. The stock’s fifty day moving average is $21.76 and its 200 day moving average is $22.25.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Tuesday, April 8th will be given a $0.136 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 7.45%.

Hedge Funds Weigh In On Cohen & Steers REIT and Preferred Income Fund

Several hedge funds have recently made changes to their positions in RNP. Ameriflex Group Inc. purchased a new position in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at $32,000. TD Waterhouse Canada Inc. bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at about $104,000. Spire Wealth Management purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the fourth quarter valued at about $123,000. Elequin Capital LP bought a new position in Cohen & Steers REIT and Preferred Income Fund in the fourth quarter worth about $131,000. Finally, Geneos Wealth Management Inc. purchased a new stake in Cohen & Steers REIT and Preferred Income Fund in the fourth quarter worth about $195,000.

About Cohen & Steers REIT and Preferred Income Fund

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.