Shares of Cohen & Steers REIT and Preferred and Income Fund Inc. (NYSE:RNP) traded today at $26.05, eclipsing its 52-week high. So far today approximately 62,000 shares have been exchanged, as compared to an average 30-day volume of 92,000 shares.
Over the past year, Cohen & Steers REIT and Preferred and Income Fund Inc. has traded in a range of $15.87 to $26.05 and is now at $25.98, 64% above that low.
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.
Based on a current price of $25.98, Cohen & Steers REIT and Preferred and Income Fund Inc. is currently 2.7% above its average consensus analyst price target of $25.27.
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