Hunter Perkins Capital Management LLC Sells 4,140 Shares of Cohen & Steers Inc $CNS

Hunter Perkins Capital Management LLC lessened its holdings in shares of Cohen & Steers Inc (NYSE:CNS - Free Report) by 25.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,329 shares of the asset manager's stock after selling 4,140 shares during the quarter. Hunter Perkins Capital Management LLC's holdings in Cohen & Steers were worth $929,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Cohen & Steers by 12.6% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,585 shares of the asset manager's stock worth $1,852,000 after purchasing an additional 2,748 shares during the period. State of Alaska Department of Revenue lifted its stake in Cohen & Steers by 8.3% in the second quarter. State of Alaska Department of Revenue now owns 16,080 shares of the asset manager's stock valued at $1,210,000 after buying an additional 1,232 shares in the last quarter. Taylor Hoffman Capital Management LLC boosted its holdings in shares of Cohen & Steers by 3.1% in the second quarter. Taylor Hoffman Capital Management LLC now owns 62,814 shares of the asset manager's stock valued at $4,733,000 after buying an additional 1,864 shares during the period. Harbor Capital Advisors Inc. increased its position in shares of Cohen & Steers by 1.1% during the second quarter. Harbor Capital Advisors Inc. now owns 23,629 shares of the asset manager's stock worth $1,780,000 after acquiring an additional 254 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Cohen & Steers during the first quarter worth $867,000. 51.47% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Evercore ISI cut their price target on Cohen & Steers from $79.00 to $77.00 and set an "outperform" rating on the stock in a report on Friday, September 5th. Bank of America boosted their price objective on shares of Cohen & Steers from $66.00 to $68.00 and gave the stock an "underperform" rating in a research report on Thursday. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Cohen & Steers in a report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $82.33.

Cohen & Steers Stock Performance

Shares of CNS stock opened at $65.62 on Monday. Cohen & Steers Inc has a 52-week low of $64.29 and a 52-week high of $110.67. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.02 and a beta of 1.38. The firm's 50-day moving average is $71.77 and its 200-day moving average is $75.04.

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

Cohen & Steers Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 21st. Shareholders of record on Monday, August 11th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, August 11th. Cohen & Steers's payout ratio is 78.73%.

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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