Cohen & Steers (NYSE:CNS) Issues Earnings Results

Cohen & Steers (NYSE:CNS - Get Free Report) released its quarterly earnings data on Wednesday. The asset manager reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.01), Zacks reports. The firm had revenue of $133.79 million during the quarter, compared to analysts' expectations of $130.64 million. Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%. During the same period in the previous year, the business earned $0.68 earnings per share.

Cohen & Steers Trading Up 0.7 %

Shares of NYSE:CNS traded up $0.50 on Friday, hitting $74.39. The company had a trading volume of 335,800 shares, compared to its average volume of 237,258. The company has a market cap of $3.79 billion, a PE ratio of 25.05 and a beta of 1.46. Cohen & Steers has a 52-week low of $67.09 and a 52-week high of $110.67. The business has a 50 day moving average of $80.32 and a 200 day moving average of $90.40.

Cohen & Steers Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, March 3rd were given a dividend of $0.62 per share. This is an increase from Cohen & Steers's previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.48 annualized dividend and a yield of 3.33%. Cohen & Steers's dividend payout ratio (DPR) is presently 83.50%.

Analyst Upgrades and Downgrades

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

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.