Cohen & Steers (NYSE:CNS) Hits New 12-Month Low - What's Next?

Key Points

• Cohen & Steers Inc reached a new 52-week low of $67.60 and closed at $68.18, with trading volumes of 10,202 shares.
• Analysts have set a mixed consensus rating for Cohen & Steers with a target price of $81.67, while Bank of America recently lowered its price objective from $67.00 to $66.00.
• The company reported quarterly earnings of $0.73 EPS, slightly missing estimates, but revenue increased by 11.8% year-over-year to $135.32 million.

Cohen & Steers Inc (NYSE:CNS - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The stock traded as low as $67.60 and last traded at $68.18, with a volume of 10202 shares trading hands. The stock had previously closed at $68.59.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CNS shares. Evercore ISI decreased their target price on Cohen & Steers from $79.00 to $77.00 and set an "outperform" rating on the stock in a research report on Friday, September 5th. Bank of America reduced their price target on Cohen & Steers from $67.00 to $66.00 and set an "underperform" rating on the stock in a research report on Monday, July 21st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Cohen & Steers presently has an average rating of "Hold" and an average price target of $81.67.

Cohen & Steers Stock Performance

The stock has a fifty day simple moving average of $73.37 and a two-hundred day simple moving average of $75.87. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 21.61, a P/E/G ratio of 2.32 and a beta of 1.42.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The asset manager reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). Cohen & Steers had a net margin of 29.82% and a return on equity of 29.95%. The firm had revenue of $135.32 million during the quarter, compared to the consensus estimate of $134.59 million. During the same quarter in the previous year, the company posted $0.68 earnings per share. The firm's revenue was up 11.8% on a year-over-year basis.

Cohen & Steers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 21st. Stockholders of record on Monday, August 11th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, August 11th. Cohen & Steers's dividend payout ratio is presently 78.73%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CNS. Caitong International Asset Management Co. Ltd bought a new position in shares of Cohen & Steers in the 1st quarter valued at $25,000. Geneos Wealth Management Inc. raised its position in Cohen & Steers by 345.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 383 shares of the asset manager's stock worth $31,000 after purchasing an additional 297 shares during the last quarter. Fifth Third Bancorp raised its position in Cohen & Steers by 101.9% during the 1st quarter. Fifth Third Bancorp now owns 654 shares of the asset manager's stock worth $52,000 after purchasing an additional 330 shares during the last quarter. GAMMA Investing LLC raised its position in Cohen & Steers by 36.1% during the 1st quarter. GAMMA Investing LLC now owns 992 shares of the asset manager's stock worth $80,000 after purchasing an additional 263 shares during the last quarter. Finally, New Age Alpha Advisors LLC bought a new position in Cohen & Steers during the 1st quarter worth $110,000. 51.47% of the stock is currently owned by institutional investors.

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.