Cohen & Steers Inc CNS

Morningstar Rating
$73.00 −0.12 (0.16%)
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Company Report

Rising Equity Markets and Improved Flows Have Lifted Cohen & Steers' AUM Levels

Higher interest rates, headwinds from equity and credit markets, and increased competition from private real estate vehicles offered by alternative-asset and other traditional asset managers have adversely affected Cohen & Steers' assets under management, or AUM, since the Federal Reserve started raising short-term rates in early 2022. That said, the firm has seen some recovery in its AUM during the past couple of years, exiting July 2026 with $102.5 billion in managed assets. This was, however, still 3.9% below the firm's peak managed assets of $106.6 billion at the end of December 2021.

Price vs Fair Value

CNS is trading at a LOCK|W!r premium.
Price
$73.12
Fair Value
mq
Uncertainty
LOCK|c#
1-Star Price
W^H
5-Star Price
$Dl
Economic Moat
LOCK|$KR%f
Capital Allocation
LOCK|<#MXrRR#

Bulls Say, Bears Say

Bulls

A reputation for successful REIT investing has allowed Cohen & Steers to tap into demand for listed alternatives offering diversification from more traditional fund offerings.

Bears

Given the firm's heavier exposure to real estate-related investments, Cohen & Steers lives and dies by the state of commercial real estate markets and the specialty finance firms that make a living from them.

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Trading Information

Previous Close Price
$73.12
Day Range
$72.37–74.15
52-Week Range
$58.39–86.56
Bid/Ask
$68.70 / $117.28
Shares Outstanding
51.42M
Market Cap
$3.75B
Volume/Avg
172,671 / 271,979

Key Statistics

Price/Earnings (Normalized)
22.43
Price/Sales
6.25
Dividend Yield (Trailing)
3.60%
Dividend Yield (Forward)
3.67%
Dividend Payment Schedule
Mar, May, Aug, Nov
Total Yield
4.56%

Company Profile

Cohen & Steers is a niche asset manager concentrating on real estate securities. The firm invests primarily in the equity shares of real estate investment trusts, with holdings in domestic and international real estate securities accounting for nearly two-thirds of its $102.5 billion in managed assets at the end of July 2026. Cohen & Steers also manages portfolios dedicated to preferred securities, utilities stocks, and other high-yield offerings. The firm's distribution is balanced among its closed-end funds, open-end funds, and institutional accounts. During the past four calendar quarters, the company garnered 39% (25%) of its managed assets (base management fees) from institutional clients, 48% (55%) from open-end funds, and 13% (20%) from closed-end funds.
Sector
Financial Services
Industry
Asset Management
Stock Style Box
Small Core
Total Number of Employees
424

Competitors

Valuation

Metric
CNS
IVZ
BEN
Price/Earnings (Normalized)
22.4312.1211.60
Price/Book Value
6.381.351.41
Price/Sales
6.252.001.80
Price/Cash Flow
13.267.5318.31
Price/Earnings
CNS
IVZ
BEN

Financial Strength

Metric
CNS
IVZ
BEN
Quick Ratio
30.716.822.84
Current Ratio
30.716.822.84
Interest Coverage
—−2.0518.11
Quick Ratio
CNS
IVZ
BEN

Profitability

Metric
CNS
IVZ
BEN
Return on Assets (Normalized)
20.08%4.12%4.49%
Return on Equity (Normalized)
30.09%11.11%12.50%
Return on Invested Capital (Normalized)
22.07%5.80%5.01%
Return on Assets
CNS
IVZ
BEN

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