Media coverage about Cohen & Steers (NYSE:CNS) has been trending somewhat positive on Thursday, Accern reports. Accern rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cohen & Steers earned a news impact score of 0.12 on Accern’s scale. Accern also assigned news stories about the asset manager an impact score of 47.0578996565448 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of equities research analysts have recently weighed in on CNS shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $45.00 price objective on shares of Cohen & Steers in a research report on Friday, October 20th. Credit Suisse Group lifted their target price on shares of Cohen & Steers from $41.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, October 20th. Zacks Investment Research downgraded shares of Cohen & Steers from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Bank of America lifted their target price on shares of Cohen & Steers from $35.00 to $38.00 and gave the company an “underperform” rating in a report on Friday, October 20th. Finally, BidaskClub downgraded shares of Cohen & Steers from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $43.60.
Cohen & Steers (CNS) traded up $0.59 during trading hours on Thursday, hitting $46.00. 180,520 shares of the stock were exchanged, compared to its average volume of 118,453. The firm has a market capitalization of $2,120.00, a price-to-earnings ratio of 22.33, a PEG ratio of 2.61 and a beta of 1.64. Cohen & Steers has a twelve month low of $33.19 and a twelve month high of $47.29.
Cohen & Steers (NYSE:CNS) last posted its quarterly earnings data on Wednesday, October 18th. The asset manager reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. Cohen & Steers had a net margin of 26.53% and a return on equity of 32.82%. The business had revenue of $96.40 million during the quarter, compared to analyst estimates of $95.76 million. During the same quarter in the previous year, the business posted $0.51 earnings per share. The company’s revenue was up 2.1% on a year-over-year basis. sell-side analysts forecast that Cohen & Steers will post 2.06 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Wednesday, November 22nd will be issued a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.12 dividend on an annualized basis and a yield of 2.43%. Cohen & Steers’s payout ratio is 53.59%.
In related news, Director Peter L. Rhein sold 4,729 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $44.60, for a total value of $210,913.40. Following the completion of the sale, the director now directly owns 26,271 shares in the company, valued at $1,171,686.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 52.90% of the stock is currently owned by insiders.
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Cohen & Steers Company Profile
Cohen & Steers, Inc (CNS) is a holding company. The Company is an investment manager with a focus on liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. The Company serves institutional and individual investors.
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