Cohen & Steers REIT and Preferred Income Fund
Market Cap
US$1.1b
Last Updated
2021/03/01 00:04 UTC
Data Sources
Company Financials
Executive Summary
Cohen & Steers REIT and Preferred Income Fund, Inc. More Details
Snowflake Analysis
Share Price & News
How has Cohen & Steers REIT and Preferred Income Fund's share price performed over time and what events caused price changes?
Latest Share Price and Events
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 has decreased from 8% to 2% over the past year.
Market Performance
7 Day Return
-0.5%
RNP
-2.6%
US Capital Markets
-3.6%
US Market
1 Year Return
8.3%
RNP
38.2%
US Capital Markets
36.5%
US Market
Return vs Industry: RNP underperformed the US Capital Markets industry which returned 38.1% over the past year.
Return vs Market: RNP underperformed the US Market which returned 36.4% over the past year.
Shareholder returns
| RNP | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.5% | -2.6% | -3.6% |
| 30 Day | 3.6% | 8.2% | 2.7% |
| 90 Day | 3.8% | 16.2% | 7.5% |
| 1 Year | 16.7%8.3% | 41.5%38.2% | 39.5%36.5% |
| 3 Year | 56.4%25.6% | 39.5%29.2% | 53.5%43.6% |
| 5 Year | 88.4%28.6% | 140.6%110.9% | 117.5%93.2% |
Long-Term Price Volatility Vs. Market
How volatile is Cohen & Steers REIT and Preferred Income Fund's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Cohen & Steers REIT and Preferred Income Fund undervalued compared to its fair value and its price relative to the market?
1.1x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: RNP ($23.27) is trading above our estimate of fair value ($19.88)
Significantly Below Fair Value: RNP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RNP is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.
PE vs Market: RNP is unprofitable, so we can't compare its PE Ratio to the US market.
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 (1.1x) compared to the US Capital Markets industry average (14.4x).
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?
13.8%
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?
2.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RNP is currently unprofitable.
Growing Profit Margin: RNP is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: RNP is unprofitable, but has reduced losses over the past 5 years at a rate of 2.7% per year.
Accelerating Growth: Unable to compare RNP's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: RNP is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (9%).
Return on Equity
High ROE: RNP has a negative Return on Equity (-2.61%), as it is currently unprofitable.
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 ($20.9M) do not cover its short term liabilities ($354.9M).
Long Term Liabilities: RNP's short term assets ($20.9M) exceed its long term liabilities ($182.7K).
Debt to Equity History and Analysis
Debt Level: RNP's debt to equity ratio (34.7%) is considered satisfactory.
Reducing Debt: RNP's debt to equity ratio has reduced from 35.9% to 34.7% over the past 5 years.
Debt Coverage: RNP's debt is well covered by operating cash flow (21%).
Interest Coverage: RNP is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Dividend
What is Cohen & Steers REIT and Preferred Income Fund current dividend yield, its reliability and sustainability?
6.39%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: RNP's dividend (6.39%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: RNP's dividend (6.39%) is in the top 25% of dividend payers in the US market (3.77%)
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: RNP is paying a dividend but the company is unprofitable.
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?
16.9yrs
Average board tenure
CEO
Cohen & Steers REIT and Preferred Income Fund has no CEO, or we have no data on them.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 16.25yrs | US$8.82k | no data | |
| Independent Director | 16.92yrs | US$7.70k | no data | |
| Independent Director | 28.08yrs | US$7.48k | no data | |
| Independent Director | 20.08yrs | US$7.98k | no data | |
| Independent Director | 20.08yrs | US$7.48k | no data | |
| Independent Director | 16.25yrs | US$6.59k | no data | |
| Independent Director | 10.08yrs | US$6.59k | no data |
16.9yrs
Average Tenure
76yo
Average Age
Experienced Board: RNP's board of directors are seasoned and experienced ( 16.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
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 company bio, 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
- Market Cap: US$1.107b
- Shares outstanding: 47.58m
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| RNP | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Jun 2003 |
Biography
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 p...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/01 00:04 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
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.