Media stories about Cohen & Steers (NYSE:CNS) have trended somewhat positive on Thursday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cohen & Steers earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the asset manager an impact score of 45.3159253462858 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
CNS has been the topic of several recent research reports. Zacks Investment Research downgraded Cohen & Steers from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Credit Suisse Group raised their price target on Cohen & Steers from $41.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, October 20th. Bank of America raised their price target on Cohen & Steers from $35.00 to $38.00 and gave the stock an “underperform” rating in a report on Friday, October 20th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $45.00 price target on shares of Cohen & Steers in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Cohen & Steers presently has an average rating of “Hold” and a consensus price target of $46.20.
Shares of Cohen & Steers (NYSE CNS) opened at $46.33 on Thursday. The stock has a market capitalization of $2,150.00, a P/E ratio of 22.17, a P/E/G ratio of 2.43 and a beta of 1.65. Cohen & Steers has a 1-year low of $33.48 and a 1-year high of $47.83.
Cohen & Steers (NYSE:CNS) last announced its quarterly earnings results on Wednesday, October 18th. The asset manager reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.03. The business had revenue of $96.40 million for the quarter, compared to the consensus estimate of $95.76 million. Cohen & Steers had a return on equity of 32.82% and a net margin of 26.53%. The business’s revenue was up 2.1% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. sell-side analysts anticipate that Cohen & Steers will post 2.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Wednesday, November 22nd were given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 2.42%. The ex-dividend date was Tuesday, November 21st. Cohen & Steers’s dividend payout ratio is currently 53.59%.
In related news, Director Peter L. Rhein sold 4,729 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $44.60, for a total value of $210,913.40. Following the sale, the director now directly owns 26,271 shares in the company, valued at approximately $1,171,686.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 52.90% of the stock is owned by company insiders.
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About Cohen & Steers
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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