Cohen & Steers (NYSE:CNS) Now Covered by Analysts at Bank of America

Analysts at Bank of America started coverage on shares of Cohen & Steers (NYSE:CNS - Get Free Report) in a research report issued on Monday,Briefing.com Automated Import reports. The firm set an "underperform" rating and a $67.00 price target on the asset manager's stock. Bank of America's price objective suggests a potential downside of 9.90% from the stock's current price.

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

Cohen & Steers Trading Down 4.8%

Shares of NYSE:CNS traded down $3.75 during mid-day trading on Monday, reaching $74.36. The stock had a trading volume of 55,637 shares, compared to its average volume of 199,514. The firm has a market cap of $3.79 billion, a PE ratio of 24.36 and a beta of 1.35. The firm has a 50 day simple moving average of $77.20 and a two-hundred day simple moving average of $82.19. Cohen & Steers has a twelve month low of $68.99 and a twelve month high of $110.67.

Cohen & Steers (NYSE:CNS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The asset manager reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.01). Cohen & Steers had a return on equity of 30.46% and a net margin of 29.68%. The business had revenue of $133.79 million for the quarter, compared to the consensus estimate of $130.64 million. During the same period in the prior year, the business earned $0.68 earnings per share.

Institutional Investors Weigh In On Cohen & Steers

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in Cohen & Steers in the 4th quarter valued at $44,737,000. Norges Bank purchased a new stake in shares of Cohen & Steers in the 4th quarter valued at about $34,166,000. Congress Asset Management Co. raised its holdings in shares of Cohen & Steers by 24.3% in the 1st quarter. Congress Asset Management Co. now owns 656,397 shares of the asset manager's stock valued at $52,676,000 after acquiring an additional 128,315 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Cohen & Steers by 1,460.1% in the 4th quarter. Fisher Asset Management LLC now owns 99,974 shares of the asset manager's stock valued at $9,232,000 after acquiring an additional 93,566 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in shares of Cohen & Steers in the 1st quarter valued at about $7,222,000. 51.47% of the stock is owned by hedge funds and other institutional investors.

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.

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