| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 3/6 |
| Financial Health | 3/6 |
| Dividends | 5/6 |
RNP Stock Overview
Cohen & Steers REIT and Preferred Income Fund, Inc.
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$27.87 |
| 52 Week High | US$29.46 |
| 52 Week Low | US$21.78 |
| Beta | 0.98 |
| 1 Month Change | 3.61% |
| 3 Month Change | 3.22% |
| 1 Year Change | 26.34% |
| 3 Year Change | 47.07% |
| 5 Year Change | 41.40% |
| Change since IPO | 11.26% |
Recent News & Updates
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.
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.
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.
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.
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
| RNP | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -1.3% | -5.5% | -4.6% |
| 1Y | 26.3% | 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
| RNP volatility | |
|---|---|
| RNP Average Weekly Movement | 2.4% |
| Capital Markets Industry Average Movement | 0.7% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
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
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2003 | n/a | Adam Derechin | https://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
| RNP fundamental statistics | |
|---|---|
| Market Cap | US$1.33b |
| Earnings (TTM) | US$338.06m |
| Revenue (TTM) | US$57.62m |
3.9x
P/E Ratio23.0x
P/S RatioIs RNP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RNP income statement (TTM) | |
|---|---|
| Revenue | US$57.62m |
| Cost of Revenue | US$0 |
| Gross Profit | US$57.62m |
| Expenses | -US$280.44m |
| Earnings | US$338.06m |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 7.10 |
| Gross Margin | 100.00% |
| Net Profit Margin | 586.71% |
| Debt/Equity Ratio | 33.3% |
How did RNP perform over the long term?
See historical performance and comparisonDividends
5.3%
Current Dividend Yield21%
Payout RatioDoes RNP pay a reliable dividends?
See RNP dividend history and benchmarks| Cohen & Steers REIT and Preferred Income Fund dividend dates | |
|---|---|
| Ex Dividend Date | Feb 15 2022 |
| Dividend Pay Date | Feb 28 2022 |
| Days until Ex dividend | 26 days |
| Days until Dividend pay date | 39 days |
Does RNP pay a reliable dividends?
See RNP dividend history and benchmarksValuation
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
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
- Name: Cohen & Steers REIT and Preferred Income Fund, Inc.
- Ticker: RNP
- Exchange: NYSE
- Founded: 2003
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Implied Market Cap: US$1.326b
- Shares outstanding: 47.59m
- Website: https://www.cohenandsteers.com/funds/details/reit-and-preferred-income-fund
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/19 23:41 |
| End of Day Share Price | 2022/01/19 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.