Cohen & Steers (NYSE:CNS) Releases Earnings Results, Misses Estimates By $0.02 EPS

Cohen & Steers (NYSE:CNS) released its quarterly earnings data on Wednesday. The asset manager reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.02), Zacks reports. Cohen & Steers had a net margin of 29.24% and a return on equity of 33.13%.

Cohen & Steers Stock Up 2.6 %

NYSE CNS opened at $88.88 on Friday. Cohen & Steers has a fifty-two week low of $64.13 and a fifty-two week high of $110.67. The business has a fifty day moving average of $95.42 and a 200-day moving average of $92.24. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 29.93 and a beta of 1.55.

Cohen & Steers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 18th were given a dividend of $0.59 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $2.36 annualized dividend and a dividend yield of 2.66%. Cohen & Steers’s dividend payout ratio is currently 79.46%.

Analyst Upgrades and Downgrades

CNS has been the subject of a number of research reports. Evercore ISI boosted their price objective on Cohen & Steers from $110.00 to $111.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. UBS Group raised Cohen & Steers from a “sell” rating to a “neutral” rating and upped their price objective for the company from $63.00 to $102.00 in a research note on Thursday, October 17th.

About Cohen & Steers

Cohen & Steers, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to institutional investors, including pension funds, endowments, and foundations. It manages separate client-focused equity, fixed income, multi-asset, and commodity portfolios through its subsidiaries.