cohen & steers inc (CNS:New York)
cohen & steers inc (CNS) Snapshot
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Open
$40.47
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Previous Close
$40.64
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Day High
$41.02
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Day Low
$40.09
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52 Week High
05/22/13 - $44.44
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52 Week Low
11/7/12 - $25.47
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Market Cap
1.8B
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Average Volume 10 Days
105.2K
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EPS TTM
$1.42
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Shares Outstanding
44.2M
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EX-Date
05/30/13
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P/E TM
28.3x
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Dividend
$0.80
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Dividend Yield
5.57%
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Cohen & Steers, Inc., together with its subsidiaries, operates as an investment manager in the United States, Japan, and internationally. The company focuses on global real estate securities, global listed infrastructure, real assets, large cap value stocks, and preferred securities. It primarily manages institutional accounts, open-end mutual funds, and closed-end mutual funds. The company also manages alternative investment strategies, such as hedged real estate securities portfolios and private real estate strategies for qualified investors. In addition, it provides distribution services for its funds; and advisory consulting services to model-based strategies accounts. The company serves its sponsored open-end and closed-end mutual funds, U.S. and non-U.S. pension plans, endowment funds, foundations, and subadvised funds for other financial institutions. Cohen & Steers, Inc. was founded in 1986 and is headquartered in New York, New York.
cohen & steers inc (CNS) Top Compensated Officers
cohen & steers inc (CNS) Key Developments
Cohen & Steers Inc. announced effective May 13, 2013, the board of directors of the company appointed Elena Dulik to the role of chief accounting officer. Prior to joining the company as a senior vice president in the company's finance department in April 2013, Ms. Dulik had been employed by Deloitte & Touche LLP since 1992, most recently as an audit director in the asset management practice in Deloitte & Touche LLP's New York office since 2006. Ms. Dulik, age 47, is licensed as a CPA in the State of New York. In her role as chief accounting officer, Ms. Dulik will also serve as the company's principal accounting officer. Concurrent with the effectiveness of Ms. Dulik's appointment, Matthew S. Stadler, will relinquish his role as the company's acting principal accounting officer. Mr. Stadler will continue in his role as executive vice president and chief financial officer of the company.
Cohen & Steers Inc. announced that its Board of Directors declared the company's cash dividend for the second quarter of 2013 in the amount of $0.20 per share of common stock. The dividend will be payable on June 26, 2013 to stockholders of record at the close of business on June 3, 2013.
Cohen & Steers Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $72.459 million, operating income of $20.710 million, income before provision for income taxes of $23.636 million, net income attributable to common shareholders of $15.141 million or $0.34 per diluted share compared to the total revenues of $63.730 million, operating income of $25.396 million, income before provision for income taxes of $28.413 million, net income attributable to common shareholders of $18.054 million or $0.41 per diluted share for the same quarter year ago. The company expects its effective tax rate for the remainder of the year 2013 to be approximate 37%.
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Industry Analysis
CNS
Industry Average
| Valuation | CNS | Industry Range |
| Price/Earnings | 28.4x |
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| Price/Sales | 6.3x |
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| Price/Book | 8.0x |
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| Price/Cash Flow | 25.9x |
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| TEV/Sales | 5.2x |
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