Shares of Cohen & Steers (NYSE:CNS) decreased in after-market trading after the company reported Q4 results.
Earnings per share rose 2.70% over the past year to $0.76, which beat the estimate of $0.68.
Revenue of $116,460,000 up by 6.02% year over year, which beat the estimate of $112,630,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Recent Stock Performance
Company's 52-week high was at $78.82
Company's 52-week low was at $33.52
Price action over last quarter: Up 18.32%
Cohen & Steers is a niche asset manager concentrating on real estate securities. The firm invests mainly in the equity shares of real estate investment trusts, with holdings in domestic and international real estate securities accounting for close to two thirds of its $79.9 billion in managed assets at the end of December 2020. Cohen & Steers also manages portfolios dedicated to preferred securities, utilities stocks, and other high-yield offerings. It expects to balance distribution among its closed-end mutual funds, open-end mutual funds, and institutional accounts over time. During 2020, the firm garnered an estimated 43% (30%) of its assets under management (base management fees) from institutional clients, 44% (51%) from open-end funds, and 13% (19%) from closed-end funds.
See more from Benzinga
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.