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Cohen & Steers Reit and Preferr Message Board

  • al_la_ca Sep 18, 2008 9:04 PM Flag

    Start Buying RNP

    If the market opens up tomorrow, start buying RNP hand over fist. RNP was way oversold today due to deleveraging of assetts. Look at the fund's top holdings performance today:

    HCP +7%
    Boston Prop: +10%
    HCN: +7%
    VNO: +13%
    Mack Cali: +6%
    Nationwide Health: +7%

    And RNP closed down? I think the investment banks threw out the baby with the bath water.

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    • I've owned RNP since inception. Cohen and Steers is a firm of high intergrity. The market has beaten down all CEF's but keep in
      mind that as a REIT they are compelled to distribute 90% of their income. It is this
      fact that means dividends will not be cut. I expect early April to see a rise in dividends.
      Also, C&H is buying back 10% of shares outstanding and checking the stockholders the
      Cohen and Steers families own a bunch of RNP.

    • al_la_ca Sep 19, 2008 10:46 AM Flag

      The Government news is great for RNP, since it holds a lot of bank bonds and preferred stock. This is the once in a liftime opportunity to purchase.

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