Cohen & Steers (NYSE:CNS) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Cohen & Steers (NYSE:CNS - Get Free Report) issued its quarterly earnings results on Wednesday. The asset manager reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.01), Zacks reports. Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%. The company had revenue of $133.79 million during the quarter, compared to analyst estimates of $130.64 million. During the same period in the previous year, the company posted $0.68 EPS.

Cohen & Steers Stock Performance

CNS traded down $3.02 during midday trading on Monday, reaching $71.24. The company had a trading volume of 300,477 shares, compared to its average volume of 230,433. The business has a 50-day moving average price of $80.07 and a two-hundred day moving average price of $90.21. Cohen & Steers has a 12-month low of $67.09 and a 12-month high of $110.67. The stock has a market cap of $3.63 billion, a PE ratio of 23.99 and a beta of 1.46.

Cohen & Steers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, March 3rd were given a dividend of $0.62 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.48 annualized dividend and a yield of 3.48%. This is a positive change from Cohen & Steers's previous quarterly dividend of $0.59. Cohen & Steers's dividend payout ratio is presently 81.05%.

Analyst Ratings Changes

Separately, Evercore ISI reduced their price target on shares of Cohen & Steers from $94.00 to $78.00 and set an "outperform" rating for the company in a report on Friday, April 11th.

About Cohen & Steers

Cohen & Steers, Inc is a holding company, which operates as an investment manager specializing in liquid real assets, which include real estate securities, listed infrastructure, commodities, natural resource equities, preferred securities, and other income solutions. It manages investment vehicles, such as institutional accounts, open-end funds and closed-end funds.