Cohen & Steers, Inc. (CNS) To Go Ex-Dividend on November 18th

Cohen & Steers, Inc. (NYSE:CNS) announced a quarterly dividend on Thursday, November 7th,Wall Street Journal reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.59 per share by the asset manager on Monday, December 2nd. This represents a $2.36 annualized dividend and a dividend yield of 2.35%. The ex-dividend date of this dividend is Monday, November 18th.

Cohen & Steers has raised its dividend by an average of 13.5% per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Cohen & Steers has a dividend payout ratio of 65.7% meaning its dividend is sufficiently covered by earnings.

Cohen & Steers Stock Performance

NYSE:CNS opened at $100.44 on Friday. Cohen & Steers has a 1 year low of $56.04 and a 1 year high of $110.67. The stock has a fifty day moving average price of $97.30 and a two-hundred day moving average price of $84.00. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 37.48 and a beta of 1.53.

Cohen & Steers (NYSE:CNS) last released its quarterly earnings data on Wednesday, October 16th. The asset manager reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.03. The firm had revenue of $133.20 million during the quarter, compared to the consensus estimate of $124.18 million. Cohen & Steers had a return on equity of 32.75% and a net margin of 27.23%. Cohen & Steers’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $0.70 EPS.

Analysts Set New Price Targets

Several equities analysts have weighed in on CNS shares. UBS Group upgraded shares of Cohen & Steers from a “sell” rating to a “neutral” rating and raised their target price for the company from $63.00 to $102.00 in a report on Thursday, October 17th. Evercore ISI upped their target price on Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th.

Cohen & Steers Company Profile

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.