Cohen & Steers Inc (CNS) Moves Lower on Volume Spike for September 06

Equities Staff  |

Cohen & Steers Inc (CNS) traded on unusually high volume on Sep. 06, as the stock lost 1.5% to close at $53.28. On the day, Cohen & Steers Inc saw 280,267 shares trade hands on 2,722 trades. Considering that the stock averages only a daily volume of 144,577 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $55.50 and $32.95 over the last 52-weeks, its 50-day SMA is now $52.16, and its 200-day SMA $44.18. Cohen & Steers Inc has a P/B ratio of 9.81. It also has a P/E ratio of 21.

Cohen & Steers is a niche asset manager concentrating primarily 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 61% of the company's $62.4 billion in managed assets at the end of June 2019. Cohen & Steers also manages portfolios dedicated to preferred securities, utilities stocks, and other high-yield offerings. The company expects to balance distribution among its closed-end mutual funds, open-end mutual funds, and institutional accounts over time. At the end of the second quarter of 2019, the firm garnered 44% of its AUM from institutional clients, 41% from open-end funds and 15% from closed-end funds.

Headquartered in New York, NY, Cohen & Steers Inc has 328 employees and is currently under the leadership of CEO Robert H. Steers.

For a complete fundamental analysis analysis of Cohen & Steers Inc, check out Equities.com’s Stock Valuation Analysis report for CNS.

Still paying commissions on stock trades? Equities.com now offers $7.99/month unlimited trading and flat-fee options trading for $89.99/month! Get started today by https://www.equities.com/trading-start

To get more information on Cohen & Steers Inc and to follow the company’s latest updates, you can visit the company’s profile page here: CNS’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     

INTERVIEW: CEO Jorge Fernandez - iBlades

Equities.com's Sam Mitchell interview iBlades CEO, Jorge Fernandez