Cohen & Steers Ends Sales Pact, Capitalizes on Equity Sales

The latest announcement is out from Cohen & Steers, Inc. (CNS).

Cohen & Steers, Inc. terminated its Sales Agreement with BofA Securities on April 22, 2024, for the at-the-market offering of its common stock. Despite the termination, the company successfully sold over a million shares at an average price of $69.60 each, resulting in estimated net proceeds of around $68.4 million. This move highlights Cohen & Steers’ active management of its equity offering program, signaling a strategic shift in its capital raising approach.

See more data about CNS stock on TipRanks’ Stock Analysis page.