Press coverage about Cohen & Steers (NYSE:CNS) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing 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 nearest to one being the most favorable. Cohen & Steers earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the asset manager an impact score of 44.3803772293434 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Cohen & Steers (CNS) Upgraded to Strong-Buy by Zacks Investment Research (americanbankingnews.com)
- Cohen & Steers, Inc. to Release Fourth Quarter and Full Year 2017 Financial Results on January 24, 2018 (finance.yahoo.com)
- Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For December 2017 (finance.yahoo.com)
- Cohen & Steers (CNS) to Release Quarterly Earnings on Tuesday (americanbankingnews.com)
Cohen & Steers (NYSE:CNS) traded down $0.53 during midday trading on Friday, hitting $45.80. 435,100 shares of the stock traded hands, compared to its average volume of 332,900. Cohen & Steers has a twelve month low of $33.71 and a twelve month high of $47.83. The stock has a market capitalization of $2,130.00, a price-to-earnings ratio of 21.91, a price-to-earnings-growth ratio of 2.43 and a beta of 1.65.
Cohen & Steers (NYSE:CNS) last issued its quarterly earnings results on Wednesday, October 18th. The asset manager reported $0.55 earnings per share (EPS) for the quarter, topping 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 company had revenue of $96.40 million during the quarter, compared to the consensus estimate of $95.76 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. sell-side analysts expect that Cohen & Steers will post 2.06 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Wednesday, November 22nd were paid a $0.28 dividend. The ex-dividend date was Tuesday, November 21st. This represents a $1.12 dividend on an annualized basis and a yield of 2.45%. Cohen & Steers’s dividend payout ratio is currently 53.59%.
Several research firms have recently weighed in on CNS. Bank of America raised their price target on shares of Cohen & Steers from $35.00 to $38.00 and gave the stock an “underperform” rating in a research note on Friday, October 20th. Credit Suisse Group raised their price target on shares of Cohen & Steers from $41.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of Cohen & Steers from a “hold” rating to a “strong-buy” rating and set a $55.00 price objective for the company in a research report on Wednesday. Keefe, Bruyette & Woods restated a “hold” rating and set a $45.00 price objective on shares of Cohen & Steers in a research report on Friday, October 20th. Finally, Gabelli cut shares of Cohen & Steers from a “buy” rating to a “hold” rating and set a $54.00 price objective for the company. in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Cohen & Steers currently has an average rating of “Hold” and an average price target of $47.50.
In other 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 transaction of $210,913.40. Following the completion of the sale, the director now owns 26,271 shares in the company, valued at approximately $1,171,686.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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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