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RNP

Cohen & Steers REIT and Preferred Income FundNYSE:RNP Stock Report

Last Price

US$27.87

Market Cap

US$1.3b

7D

-1.3%

1Y

26.3%

Updated

19 Jan, 2022

Data

Company Financials
RNP fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance3/6
Financial Health3/6
Dividends5/6

RNP Stock Overview

Cohen & Steers REIT and Preferred Income Fund, Inc.

Price History & Performance

Summary of all time highs, changes and price drops for Cohen & Steers REIT and Preferred Income Fund
Historical stock prices
Current Share PriceUS$27.87
52 Week HighUS$29.46
52 Week LowUS$21.78
Beta0.98
1 Month Change3.61%
3 Month Change3.22%
1 Year Change26.34%
3 Year Change47.07%
5 Year Change41.40%
Change since IPO11.26%

Recent News & Updates

Dec 22

RNP: A Welcome Increase To The Monthly Dividend

RNP is a closed end fund that combines real estate investment trusts and preferred stock to provide shareholders with monthly income. The fund offers an attractive current yield of 6.03% following an increase to the regular dividend. RNP has outperformed the market over the past twelve months, fueled by tailwinds including low rates and inflation.

Oct 22

RNP: Another Opportunity In The REIT Space

RNP has pulled back with the rest of the REITs over the last few weeks; this could be creating an opportunity. The fund has now widened out its discount to below its 52-week average. The NAV has been holding up better relative to its sister fund, as the preferred exposure should typically provide some downside protection.

Sep 15

RNP: A Cash Flow Machine With The Ability To Fight Inflation

RNP is a closed end fund (CEF) that combines real estate investment trusts and preferred stock to produce current yield and capital appreciation. The fund offers an attractive current yield of 5.30% and has performed well as REITs continue to outperform year to date. RNP’s recent rally has eliminated the fund’s discount to net asset value, indicating now may not be the time to buy.

Aug 02

Inflation Is Soaring, Buy High-Yield REITs With RQI And RNP

While property REIT prices have recovered from COVID, they have lagged the larger market. Inflation has been surging, and REITs perform well in periods of higher inflation. Since this is a sector-wide advantage, it makes sense to use CEFs to capture it.

Jan 11

Cohen & Steers REIT and Preferred and Income Fund goes ex-dividend tomorrow

Cohen & Steers REIT and Preferred and Income Fund (RNP) had declared $0.124/share monthly dividend, in line with previous.Payable Jan. 29; for shareholders of record Jan. 13; ex-div Jan. 12.See RNP Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

RNPUS Capital MarketsUS Market
7D-1.3%-5.5%-4.6%
1Y26.3%24.6%7.7%

Return vs Industry: RNP matched the US Capital Markets industry which returned 25.7% over the past year.

Return vs Market: RNP exceeded the US Market which returned 10.2% over the past year.

Price Volatility

Is RNP's price volatile compared to industry and market?
RNP volatility
RNP Average Weekly Movement2.4%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: RNP is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: RNP's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003n/aAdam Derechinhttps://www.cohenandsteers.com/funds/details/reit-and-preferred-income-fund

Cohen & Steers REIT and Preferred Income Fund, Inc. is a closed-ended balanced mutual fund launched by Cohen & Steers Inc. It is managed by Cohen & Steers Capital Management, Inc. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts. For its fixed income portfolio, the fund typically invests in debt and preferred securities of companies operating across diversified sectors.

Cohen & Steers REIT and Preferred Income Fund Fundamentals Summary

How do Cohen & Steers REIT and Preferred Income Fund's earnings and revenue compare to its market cap?
RNP fundamental statistics
Market CapUS$1.33b
Earnings (TTM)US$338.06m
Revenue (TTM)US$57.62m

3.9x

P/E Ratio

23.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
RNP income statement (TTM)
RevenueUS$57.62m
Cost of RevenueUS$0
Gross ProfitUS$57.62m
Expenses-US$280.44m
EarningsUS$338.06m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.10
Gross Margin100.00%
Net Profit Margin586.71%
Debt/Equity Ratio33.3%

How did RNP perform over the long term?

See historical performance and comparison

Dividends

5.3%

Current Dividend Yield

21%

Payout Ratio

Does RNP pay a reliable dividends?

See RNP dividend history and benchmarks
When do you need to buy RNP by to receive an upcoming dividend?
Cohen & Steers REIT and Preferred Income Fund dividend dates
Ex Dividend DateFeb 15 2022
Dividend Pay DateFeb 28 2022
Days until Ex dividend26 days
Days until Dividend pay date39 days

Does RNP pay a reliable dividends?

See RNP dividend history and benchmarks

Valuation

Is Cohen & Steers REIT and Preferred Income Fund undervalued compared to its fair value and its price relative to the market?

3.92x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: RNP ($27.87) is trading above our estimate of fair value ($7.13)

Significantly Below Fair Value: RNP is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: RNP is good value based on its PE Ratio (3.9x) compared to the US Capital Markets industry average (15.5x).

PE vs Market: RNP is good value based on its PE Ratio (3.9x) compared to the US market (17x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate RNP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: RNP is good value based on its PB Ratio (1x) compared to the US Capital Markets industry average (42.2x).

Future Growth

How is Cohen & Steers REIT and Preferred Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.3%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Cohen & Steers REIT and Preferred Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Cohen & Steers REIT and Preferred Income Fund performed over the past 5 years?

9.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: RNP has a high level of non-cash earnings.

Growing Profit Margin: RNP became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: RNP's earnings have grown by 9.7% per year over the past 5 years.

Accelerating Growth: RNP has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: RNP has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (86.4%).


Return on Equity

High ROE: RNP's Return on Equity (26.5%) is considered high.

Financial Health

How is Cohen & Steers REIT and Preferred Income Fund's financial position?


Financial Position Analysis

Short Term Liabilities: RNP's short term assets ($31.1M) do not cover its short term liabilities ($437.3M).

Long Term Liabilities: RNP's short term assets ($31.1M) exceed its long term liabilities ($172.6K).


Debt to Equity History and Analysis

Debt Level: RNP's net debt to equity ratio (33.3%) is considered satisfactory.

Reducing Debt: RNP's debt to equity ratio has increased from 31.9% to 33.3% over the past 5 years.

Debt Coverage: RNP's debt is not well covered by operating cash flow (0.3%).

Interest Coverage: RNP's interest payments on its debt are well covered by EBIT (6.7x coverage).


Balance Sheet

Dividend

What is Cohen & Steers REIT and Preferred Income Fund current dividend yield, its reliability and sustainability?

5.34%

Current Dividend Yield


Upcoming Dividend Payment

TodayJan 20 2022Ex Dividend DateFeb 15 2022Dividend Pay DateFeb 28 202213 days from Ex DividendBuy in the next 26 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: RNP's dividend (5.34%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: RNP's dividend (5.34%) is in the top 25% of dividend payers in the US market (3.48%)


Stability and Growth of Payments

Stable Dividend: RNP's dividends per share have been stable in the past 10 years.

Growing Dividend: RNP's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (20.9%), RNP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

17.5yrs

Average board tenure


CEO

Adam Derechin (56 yo)

no data

Tenure

Mr. Adam M. Derechin, CFA, serves as the Chief Operating Officer and Executive Vice President at Cohen & Steers Capital Management, Inc. Mr. Derechin serves as the President and Chief Executive Officer at...


Board Members

Experienced Board: RNP's board of directors are seasoned and experienced ( 17.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: RNP insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Cohen & Steers REIT and Preferred Income Fund, Inc.'s employee growth, exchange listings and data sources


Key Information


Location

  • Cohen & Steers REIT and Preferred Income Fund, Inc.
  • 280 Park Avenue
  • 10th Floor
  • New York
  • New York
  • 10017-1216
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:41
End of Day Share Price2022/01/19 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.