RNP Stock Summary and Trading Ideas (Cohen & Steers REIT & Pr Com | NYSE:RNP)

The primary investment objective of the Fund is high current income through investment in real estate and diversified preferred securities. The secondary investment objective is capital appreciation. Real estate securities include securities of any market capitalization issued by real estate companies (including REITs) and preferred securities issued by U.S. and non-U.S. companies.

Cohen & Steers REIT & Pr Com trades on the NYSE stock market under the symbol RNP.

As of April 19, 2024, RNP stock price climbed to $19.50 with 133,859 million shares trading.

RNP has a beta of 1.13, meaning it tends to be more sensitive to market movements. RNP has a correlation of 0.35 to the broad based SPY ETF.

RNP has a market cap of $931.32 million. This is considered a Small Cap stock.

In the last 3 years, RNP stock traded as high as $29.46 and as low as $15.52.

RNP has underperformed the market in the last year with a return of +11.0%, while the SPY ETF gained +21.2%. In the last 3 month period, RNP fell short of the market, returning +1.0%, while SPY returned +3.0%. However, in the most recent 2 weeks RNP has outperformed the stock market by returning -3.2%, while SPY returned -4.5%.

RNP support price is $19.00 and resistance is $19.42 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RNP stock will trade within this expected range on the day.