Sat, Feb 28, 2015, 8:37 AM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

Cohen & Steers Reit and Preferr Message Board

  • richmondinvestor richmondinvestor Apr 2, 2011 1:11 PM Flag

    Dividend Listing on Yahoo page

    It seems like a pretty good idea to double check anything that is posted on the Yahoo financial board. Currently, RNP pays $1.10 for the past twelve months which is a return of over 7%. The Yahoo page shows the dividend as $0.79 and only 5% return.

    If interest rates go up, I am hoping that the RNP price increases accordingly. After all, the price was $29 when the interest rates were higher. Does this make sense?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • <If interest rates go up, I am hoping that the RNP price increases accordingly.>
      The preferreds will drop in value with a rise in rates especially those near and above par. I would expect management to sell pfs and buy dividend growing REIT common as rates increase.

    • The dividend is currently 30cents per quarter or $1.20 per year. So I woudl use that in my analysis. Good luck.

    • No it does not make sense. If interest rates go up the market typically swoons and RNP will swoon with the market. Interest costs for companies in the RNP portfolio will increase & that will adversely affect their bottom line (although most should really be in pretty good shape for at least a couple of years - it will adversely affect new deals), this will affect each company’s valuation so the RNP portfolio will take a hit. Finally, and perhaps most important, Cohen & Steers are financing the leverage portion of RNP w debt as a result of the ARPS fiasco; if rates go up the costs of RNP debt will go up, to some extent, and adversely affect RNPs bottom line.

    • If interest rates go up, it will put downward pressure on RNP assuming everything is constant. But RNP invests in REITs and preferred stock.Both have come back, but not 100%.

19.36+0.07(+0.36%)Feb 27 4:02 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.