XML Financial LLC Raises Stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

XML Financial LLC grew its holdings in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 16.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 24,324 shares of the investment management company’s stock after acquiring an additional 3,347 shares during the quarter. XML Financial LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $508,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC acquired a new position in Cohen & Steers REIT and Preferred Income Fund in the 2nd quarter valued at about $61,000. Monterey Private Wealth Inc. purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 4th quarter valued at approximately $207,000. Annex Advisory Services LLC acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the third quarter valued at approximately $209,000. D.A. Davidson & CO. purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the third quarter worth approximately $216,000. Finally, Lakeridge Wealth Management LLC acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the third quarter worth $231,000.

Cohen & Steers REIT and Preferred Income Fund Trading Down 0.3 %

NYSE:RNP opened at $21.38 on Thursday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 1-year low of $18.77 and a 1-year high of $24.41. The firm’s fifty day moving average price is $21.69 and its 200 day moving average price is $22.37.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 15th will be given a $0.136 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a yield of 8.01%. This is an increase from Cohen & Steers REIT and Preferred Income Fund’s previous dividend of $0.12.

Cohen & Steers REIT and Preferred Income Fund Profile

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.