Cohen & SteersCNS
Market Cap: $4.42B
About: Cohen & Steers is a niche asset manager concentrating on real estate securities. The firm invests mainly in the equity shares of real estate investment trusts, with holdings in domestic and international real estate securities accounting for close to two thirds of its $79.3 billion in managed assets at the end of January 2024. Cohen & Steers also manages portfolios dedicated to preferred securities, utilities stocks, and other high-yield offerings. The firm's distribution is balanced among its closed-end funds, open-end funds, and institutional accounts. During the past four calendar quarters, the company garnered 42% (27%) of its managed assets (base management fees) from institutional clients, 45% (52%) from open-end funds, and 13% (21%) from closed-end funds.
Employees: 405
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
924% more call options, than puts
Call options by funds: $297K | Put options by funds: $29K
95% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 22
21% more repeat investments, than reductions
Existing positions increased: 88 | Existing positions reduced: 73
10% more funds holding
Funds holding: 209 [Q1] → 230 (+21) [Q2]
4.46% more ownership
Funds ownership: 56.1% [Q1] → 60.56% (+4.46%) [Q2]
4% more capital invested
Capital invested by funds: $2.13B [Q1] → $2.22B (+$85.4M) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Evercore ISI Group John Dunn 50% 1-year accuracy 4 / 8 met price target | 5%upside $92 | Outperform Maintained | 5 Sept 2024 |
UBS Adam Beatty 30% 1-year accuracy 3 / 10 met price target | 28%downside $63 | Sell Maintained | 10 Jul 2024 |
Financial journalist opinion
Based on 8 articles about CNS published over the past 30 days