Cohen & Steers (NYSE:CNS) Hits New 12-Month Low - Should You Sell?

Cohen & Steers, Inc. (NYSE:CNS - Get Free Report) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $73.86 and last traded at $76.09, with a volume of 173697 shares traded. The stock had previously closed at $77.13.

Wall Street Analyst Weigh In

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

Cohen & Steers Trading Down 0.0 %

The firm's fifty day moving average price is $78.11 and its two-hundred day moving average price is $88.78. The stock has a market capitalization of $3.95 billion, a PE ratio of 26.07 and a beta of 1.39.

Cohen & Steers (NYSE:CNS - Get Free Report) last released its earnings results on Wednesday, April 16th. The asset manager reported $0.75 EPS for the quarter, missing analysts' consensus estimates of $0.76 by ($0.01). Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%. The company had revenue of $133.79 million for the quarter, compared to analysts' expectations of $130.64 million. During the same period in the prior year, the firm earned $0.68 EPS.

Cohen & Steers Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 22nd. Investors of record on Monday, May 12th will be issued a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Monday, May 12th. Cohen & Steers's dividend payout ratio is presently 81.05%.

Hedge Funds Weigh In On Cohen & Steers

Several institutional investors have recently bought and sold shares of CNS. Raymond James Financial Inc. acquired a new stake in shares of Cohen & Steers during the 4th quarter worth about $44,737,000. Norges Bank purchased a new stake in shares of Cohen & Steers in the 4th quarter worth about $34,166,000. Congress Asset Management Co. raised its position in Cohen & Steers by 24.3% during the first quarter. Congress Asset Management Co. now owns 656,397 shares of the asset manager's stock worth $52,676,000 after acquiring an additional 128,315 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of Cohen & Steers by 1,460.1% in the fourth quarter. Fisher Asset Management LLC now owns 99,974 shares of the asset manager's stock valued at $9,232,000 after purchasing an additional 93,566 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Cohen & Steers by 10,820.2% in the 1st quarter. GAMMA Investing LLC now owns 79,608 shares of the asset manager's stock valued at $6,389,000 after buying an additional 78,879 shares in the last quarter. 51.47% of the stock is owned by institutional investors and hedge funds.

Cohen & Steers Company Profile

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.