Cohen & Steers REIT and Preferred and Income Fund
RNP

$23.49

0.77%

Market Cap: $1.12B

About: Cohen & Steers REIT and Preferred Income Fund Inc is a diversified, closed-ended investment management fund. Its investment objective is to provide high current income with capital appreciation as its secondary objective. The Fund invests at least its total assets in common stocks issued by real estate investment trusts (REITs) and preferred securities under normal circumstances.

0

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

1% less funds holding

Funds holding: 104 [Q1] → 103 (-1) [Q2]

6% less first-time investments, than exits

New positions opened: 15 | Existing positions closed: 16

9% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 33

1.84% less ownership

Funds ownership: 18.14% [Q1] → 16.3% (-1.84%) [Q2]

13% less capital invested

Capital invested by funds: $182M [Q1] → $157M (-$24.1M) [Q2]

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for RNP.

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about RNP published over the past 30 days

RNP: 6.9% Income Yield And A Bet On Much Lower Interest Rates

Cohen & Steers REIT & Preferred Income Fund is a closed-end fund that primarily invests in the equity of real-estate companies and preferred and fixed-income securities. We believe it is an excellent fund for long-term income investors that is highly diversified and has proven to provide sustainable income in good times and bad. However, the price has run over 17% during the past three months, with the expectations of lower interest rates. In our estimate, well over half of the upside is already built into the current price, which has resulted in a mediocre yield.

RNP: 6.9% Income Yield And A Bet On Much Lower Interest Rates

4 Upcoming Dividend Increases

My strategy focuses on buying, holding, and adding companies with consistent dividend growth and outperforming benchmarks, ensuring a successful long-term portfolio. I passed on Lam Research due to competition with Applied Materials but added Amphenol for its unique position in high-growth industries like 5G and EVs. The list merges data from "U.S. Dividend Champions" and NASDAQ, featuring companies with at least five years of consistent dividend growth.

4 Upcoming Dividend Increases

12 Upcoming Dividend Increases

As fall approaches, twelve smaller financial institutions are set to increase dividends, averaging a 7.6% increase. My investment strategy focuses on companies with consistent dividend growth and outperforming benchmarks, using data from U.S. Dividend Champions and NASDAQ. SCHD outperformed most companies with a 197% total return over the past decade, with BR and CSWC showing notable performance.

12 Upcoming Dividend Increases

15 Upcoming Dividend Increases Including A King

This week, 15 companies, including Dividend King Stanley Black & Decker, are set to increase dividends, with SWK extending its 57-year streak by 1.2%. My strategy focuses on buying, holding, and adding companies that consistently increase dividends and outperform benchmarks, using SCHD as a performance gauge. The list of dividend increases is curated by merging data from the "U.S. Dividend Champions" spreadsheet and NASDAQ, emphasizing companies with at least five years of dividend growth.

15 Upcoming Dividend Increases Including A King

Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) Notification of Sources of Distribution Under Section 19(a)

NEW YORK , Aug. 28, 2024 /PRNewswire/ -- This press release provides shareholders of Cohen & Steers REIT and Preferred and Income Fund, Inc. (NYSE: RNP) (the "Fund") with information regarding the sources of the distribution to be paid on August 30, 2024 and cumulative distributions paid fiscal year-to-date. In December 2017, the Fund implemented a managed distribution policy in accordance with exemptive relief issued by the Securities and Exchange Commission.

Cohen & Steers REIT and Preferred and Income Fund, Inc. (RNP) Notification of Sources of Distribution Under Section 19(a)

Retirement: Two Yields To Send Your Income Soaring

Fund your retirement with valuable income from everyday sources. When others spend money, you can benefit from their spending via dividends and distributions. I love collecting income, so I created my Income Method.

Retirement: Two Yields To Send Your Income Soaring

14 Upcoming Dividend Increases Including 2 Kings

Fourteen upcoming dividend increases, including two Dividend Kings: Nordson Corp with a 14.7% increase and Dover Corp with a 1% increase. New challengers Cactus Inc. and Murphy USA join the list with 5-year dividend growth streaks. People's Financial Services Corp offers a significant 50% dividend increase.

14 Upcoming Dividend Increases Including 2 Kings

RNP: Likely To Benefit From Interest Rate Cuts

Cohen & Steers REIT & Preferred Income Fund operates as a closed end fund that provides diverse exposure to the real estate sector and several preferred securities. Real estate sector may benefit from upcoming interest rate cuts by the end of the year. The current dividend yield sits at 7.3% and is well supported by the fund's internal performance of net investment income and realized gains.

RNP: Likely To Benefit From Interest Rate Cuts

The REIT Comeback: Earnings Recap

Over 200 U.S. REITs and homebuilders have reported second-quarter earnings results over the past six weeks, providing critical information on the state of the commercial and residential real estate industry. In this report, we highlight some quick incremental positives and negatives we've observed across each of the major property sectors. Next week, we'll publish our detailed "Winners & Losers" Report. Of the 96 equity REITs that provide full-year FFO guidance, 57 (59%) raised their outlook, while 13 (14%) lowered - well above the historical second-quarter average "raise rate" of 40-45%.

The REIT Comeback: Earnings Recap

REIT Earnings Halftime Report

We're at the halfway point of another consequential real estate earnings season, with 75 of the roughly 150 equity REITs and 19 of 38 mortgage REITs now having reported results. Amid an otherwise underwhelming earnings season across the broader equity market, REIT earnings results thus far have been materially better than anticipated, providing an added tailwind to rate-related optimism. Of the 65 equity REITs that have provided full-year guidance for Funds from Operations ("FFO"), 44 (68%) have raised their full-year outlook, while just 6 (8%) have lowered their outlook.

REIT Earnings Halftime Report

See News Rankings