Short Interest in Cohen & Steers, Inc. (NYSE:CNS) Declines By 5.4%

Cohen & Steers, Inc. (NYSE:CNS - Get Free Report) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 1,570,000 shares, a decline of 5.4% from the January 15th total of 1,660,000 shares. Currently, 5.9% of the company's shares are short sold. Based on an average daily volume of 191,600 shares, the short-interest ratio is currently 8.2 days.

Hedge Funds Weigh In On Cohen & Steers

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ashton Thomas Securities LLC purchased a new stake in Cohen & Steers in the third quarter valued at about $31,000. Westside Investment Management Inc. purchased a new position in shares of Cohen & Steers in the 3rd quarter valued at approximately $32,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cohen & Steers in the 4th quarter worth approximately $60,000. Signaturefd LLC grew its position in Cohen & Steers by 19.8% during the 3rd quarter. Signaturefd LLC now owns 648 shares of the asset manager's stock worth $62,000 after purchasing an additional 107 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Cohen & Steers by 19.5% during the 4th quarter. GAMMA Investing LLC now owns 729 shares of the asset manager's stock valued at $67,000 after purchasing an additional 119 shares in the last quarter. 51.47% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Evercore ISI raised their price objective on Cohen & Steers from $110.00 to $111.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th.

Cohen & Steers Stock Down 0.3 %

NYSE:CNS traded down $0.29 during mid-day trading on Friday, reaching $86.25. The company's stock had a trading volume of 186,333 shares, compared to its average volume of 192,945. Cohen & Steers has a 1 year low of $64.13 and a 1 year high of $110.67. The stock has a fifty day moving average of $89.25 and a 200-day moving average of $93.22. The firm has a market capitalization of $4.36 billion, a PE ratio of 29.04 and a beta of 1.56.

Cohen & Steers (NYSE:CNS - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The asset manager reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.80 by ($0.02). Cohen & Steers had a return on equity of 33.13% and a net margin of 29.24%.

Cohen & Steers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Monday, March 3rd will be given a $0.62 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.88%. This is an increase from Cohen & Steers's previous quarterly dividend of $0.59. Cohen & Steers's payout ratio is presently 79.46%.

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.