Credit Suisse Initiates Coverage on Cohen & Steers to Neutral

Credit Suisse Initiates Coverage on Cohen & Steers(NYSE:CNS). The shares have been rated Neutral. The rating by Credit Suisse was issued on Jul 14, 2016.

Cohen & Steers (CNS) shares turned negative on Mondays trading session with the shares closing down -0.06 points or -0.14% at a volume of 75,309. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $43.66. The peak price level was also seen at $43.66 while the days lowest was $42.89. Finally the shares closed at $43.42. The 52-week high of the shares is $43.66 while the 52-week low is $25.84. According to the latest information available, the market cap of the company is $1,992 M.

Cohen & Steers(CNS) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $79.68M. Analysts had an estimated revenue of $80.50M. Earnings per share were $0.39. Analysts had estimated an EPS of $0.42.

Several Insider Transactions has been reported to the SEC. On Mar 17, 2016, Francis C Poli (General Counsel, Secretary,EVP) sold 12,352 shares at $35.73 per share price.

Cohen & Steers Inc. (CNS) is an investment manager with a focus on real assets including real estate infrastructure and commodities along with preferred securities and other income solutions. The Company serves institutional and individual investors around the world. The Company manages three types of accounts: institutional accounts open-end mutual funds and closed-end funds. The Company’s Institutional accounts for which CNS is the investment adviser represents portfolios of securities it manages for institutional clients. The open-end mutual funds for which the Company is the investment adviser offer and issue new shares continuously as assets are invested and redeem shares when assets are withdrawn. The closed-end funds for which the Company is the investment adviser are registered investment companies that have issued a fixed number of shares through public offerings.

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