Keefe, Bruyette & Woods lowered shares of Cohen & Steers (NYSE:CNS) from a market perform rating to an underperform rating in a research report report published on Friday, January 26th, MarketBeat reports.
Other analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Cohen & Steers from a hold rating to a buy rating and set a $46.00 target price on the stock in a report on Tuesday, October 10th. Gabelli downgraded shares of Cohen & Steers from a buy rating to a hold rating and set a $54.00 price objective on the stock. in a report on Thursday, January 11th. Credit Suisse Group lifted their price objective 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. Finally, Bank of America lifted their price objective 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. Three research analysts have rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $47.50.
Cohen & Steers (NYSE CNS) opened at $39.36 on Friday. The stock has a market cap of $1,810.00, a PE ratio of 20.08, a PEG ratio of 1.16 and a beta of 1.42. Cohen & Steers has a one year low of $34.49 and a one year high of $47.83.
Cohen & Steers (NYSE:CNS) last announced its quarterly earnings results on Wednesday, January 24th. The asset manager reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $99.40 million for the quarter, compared to the consensus estimate of $98.08 million. Cohen & Steers had a net margin of 24.31% and a return on equity of 33.38%. Cohen & Steers’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same period last year, the company posted $0.48 EPS. equities analysts predict that Cohen & Steers will post 2.57 earnings per share for the current year.
In other Cohen & Steers news, Director Peter L. Rhein sold 4,729 shares of Cohen & Steers stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $44.60, for a total transaction of $210,913.40. Following the completion of the transaction, the director now directly owns 26,271 shares of the company’s stock, valued at $1,171,686.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 52.90% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of CNS. The Manufacturers Life Insurance Company raised its stake in Cohen & Steers by 1.2% in the second quarter. The Manufacturers Life Insurance Company now owns 17,228 shares of the asset manager’s stock valued at $699,000 after purchasing an additional 197 shares in the last quarter. Strs Ohio raised its stake in Cohen & Steers by 7.7% in the third quarter. Strs Ohio now owns 21,000 shares of the asset manager’s stock valued at $829,000 after purchasing an additional 1,500 shares in the last quarter. FDx Advisors Inc. raised its stake in Cohen & Steers by 14.0% in the fourth quarter. FDx Advisors Inc. now owns 12,295 shares of the asset manager’s stock valued at $581,000 after purchasing an additional 1,507 shares in the last quarter. Prudential Financial Inc. raised its stake in Cohen & Steers by 29.4% in the second quarter. Prudential Financial Inc. now owns 6,640 shares of the asset manager’s stock valued at $269,000 after purchasing an additional 1,510 shares in the last quarter. Finally, TIAA CREF Investment Management LLC raised its stake in Cohen & Steers by 2.7% during the second quarter. TIAA CREF Investment Management LLC now owns 57,525 shares of the asset manager’s stock worth $2,332,000 after acquiring an additional 1,515 shares in the last quarter. 45.25% of the stock is owned by institutional investors.
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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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