Shares of Cohen & Steers REIT and Preferred and Income Fund Inc. (NYSE:RNP) traded at a new 52-week high today of $24.39. So far today approximately 71,000 shares have been exchanged, as compared to an average 30-day volume of 91,000 shares.
Cohen & Steers REIT and Preferred and Income Fund Inc. (NYSE:RNP) defies analysts with a current price ($24.32) 0.6% above its average consensus price target of $24.17.
Cohen & Steers REIT and Preferred Income Fund Inc is a diversified, closed-ended investment management fund. Its investment objective is to provide high current income with capital appreciation as its secondary objective. The Fund invests at least 80% of its total assets in common stocks issued by real estate investment trusts (REITs) and preferred securities under normal circumstances.
In the past 52 weeks, shares of Cohen & Steers REIT and Preferred and Income Fund Inc. have traded between a low of $14.51 and a high of $24.39 and is now at $24.32, which is 68% above that low price.
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