(CNS) Cohen & Steers - Overview
Stock: Real Estate, Infrastructure, Preferred Securities, Commodities, Multi-Strategy
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.25% |
| Yield on Cost 5y | 4.25% |
| Yield CAGR 5y | -1.17% |
| Payout Consistency | 84.1% |
| Payout Ratio | 80.0% |
| Risk 5d forecast | |
|---|---|
| Volatility | 30.7% |
| Relative Tail Risk | -4.90% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -1.02 |
| Alpha | -41.49 |
| Character TTM | |
|---|---|
| Beta | 0.929 |
| Beta Downside | 0.637 |
| Drawdowns 3y | |
|---|---|
| Max DD | 42.59% |
| CAGR/Max DD | -0.05 |
Description: CNS Cohen & Steers January 11, 2026
Cohen & Steers, Inc. (NYSE:CNS) is a publicly-owned asset-management holding company that channels its subsidiaries’ capabilities into a suite of investment products for institutional clients such as pension funds, endowments and foundations. Its platform delivers separate-account equity, fixed-income, multi-asset and commodity portfolios, as well as a range of mutual funds and hedge funds that target real-asset-heavy strategies.
Since its founding in 1986 and headquartered in New York, the firm has positioned itself as a specialist in “real assets” – notably real-estate investment trusts (REITs), infrastructure, natural-energy resources and preferred securities. In 2023 the company reported roughly $71 billion in assets under management (AUM), with preferred-security assets growing at an estimated 9 % CAGR over the past five years, reflecting strong investor demand for yield in a low-interest-rate environment.
Key economic drivers for Cohen & Steers include the trajectory of U.S. interest rates (which directly affect the pricing and demand for preferred securities), inflation trends (which bolster the appeal of real-asset exposure as an inflation hedge), and global real-estate cycles that influence REIT performance. A recent sector-level base-rate analysis shows that U.S. REITs have outperformed the broader equity market by an average of 1.2 percentage points over the past 12 months, providing a tailwind for the firm’s core business.
For a deeper quantitative breakdown, you might explore ValueRay’s analyst portal to see how CNS’s valuation metrics compare with peers.
Piotroski VR‑10 (Strict, 0-10) 4.5
| Net Income: 144.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.12 > 0.02 and ΔFCF/TA -24.00 > 1.0 |
| NWC/Revenue: 51.75% < 20% (prev 69.04%; Δ -17.30% < -1%) |
| CFO/TA -0.11 > 3% & CFO -86.7m > Net Income 144.9m |
| Net Debt (140.3m) to EBITDA (200.4m): 0.70 < 3 |
| Current Ratio: 5.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (51.6m) vs 12m ago -0.13% < -2% |
| Gross Margin: 57.51% > 18% (prev 0.49%; Δ 5702 % > 0.5%) |
| Asset Turnover: 70.36% > 50% (prev 66.07%; Δ 4.29% > 0%) |
| Interest Coverage Ratio: -12.46 > 6 (EBITDA TTM 200.4m / Interest Expense TTM -15.2m) |
Altman Z'' 3.54
| A: 0.37 (Total Current Assets 366.6m - Total Current Liabilities 72.8m) / Total Assets 801.6m |
| B: -0.14 (Retained Earnings -108.3m / Total Assets 801.6m) |
| C: 0.23 (EBIT TTM 189.4m / Avg Total Assets 807.0m) |
| D: 0.0 (Book Value of Equity 0.0 / Total Liabilities 222.4m) |
| Altman-Z'' Score: 3.54 = A |
What is the price of CNS shares?
Over the past week, the price has changed by -2.41%, over one month by -5.77%, over three months by -6.87% and over the past year by -27.47%.
Is CNS a buy, sell or hold?
- StrongBuy: 1
- Buy: 0
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the CNS price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 72 | 14.8% |
| Analysts Target Price | 72 | 14.8% |
| ValueRay Target Price | 61.9 | -1.4% |
CNS Fundamental Data Overview February 02, 2026
P/E Forward = 19.3798
P/S = 5.894
P/B = 5.986
P/EG = 1.0154
Revenue TTM = 567.8m USD
EBIT TTM = 189.4m USD
EBITDA TTM = 200.4m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 140.3m USD (from shortLongTermDebtTotal, two quarters ago)
Net Debt = 140.3m USD (using Total Debt 140.3m, CCE unavailable)
Enterprise Value = 3.42b USD (3.28b + Debt 140.3m - (null CCE))
Interest Coverage Ratio = -12.46 (Ebit TTM 189.4m / Interest Expense TTM -15.2m)
EV/FCF = -36.34x (Enterprise Value 3.42b / FCF TTM -94.0m)
FCF Yield = -2.75% (FCF TTM -94.0m / Enterprise Value 3.42b)
FCF Margin = -16.56% (FCF TTM -94.0m / Revenue TTM 567.8m)
Net Margin = 25.51% (Net Income TTM 144.9m / Revenue TTM 567.8m)
Gross Margin = 57.51% ((Revenue TTM 567.8m - Cost of Revenue TTM 241.3m) / Revenue TTM)
Gross Margin QoQ = 82.15% (prev 48.12%)
Tobins Q-Ratio = 4.26 (Enterprise Value 3.42b / Total Assets 801.6m)
Interest Expense / Debt = 0.36% (Interest Expense 503.0k / Debt 140.3m)
Taxrate = 27.40% (11.6m / 42.3m)
NOPAT = 137.5m (EBIT 189.4m * (1 - 27.40%))
Current Ratio = 5.04 (Total Current Assets 366.6m / Total Current Liabilities 72.8m)
Debt / Equity = 0.25 (Debt 140.3m / totalStockholderEquity, two quarters ago 550.3m)
Debt / EBITDA = 0.70 (Net Debt 140.3m / EBITDA 200.4m)
Debt / FCF = -1.49 (negative FCF - burning cash) (Net Debt 140.3m / FCF TTM -94.0m)
Total Stockholder Equity = 524.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 17.95% (Net Income 144.9m / Total Assets 801.6m)
RoE = 27.62% (Net Income TTM 144.9m / Total Stockholder Equity 524.5m)
RoCE = 25.99% (EBIT 189.4m / Capital Employed (Total Assets 801.6m - Current Liab 72.8m))
RoIC = 26.01% (NOPAT 137.5m / Invested Capital 528.8m)
WACC = 8.97% (E(3.28b)/V(3.42b) * Re(9.34%) + D(140.3m)/V(3.42b) * Rd(0.36%) * (1-Tc(0.27)))
Discount Rate = 9.34% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 1.91%
Fair Price DCF = unknown (Cash Flow -94.0m)
EPS Correlation: -46.25 | EPS CAGR: -6.45% | SUE: 0.0 | # QB: 0
Revenue Correlation: 10.43 | Revenue CAGR: -1.84% | SUE: 2.84 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.78 | Chg30d=-0.035 | Revisions Net=-1 | Analysts=2
EPS current Year (2026-12-31): EPS=3.34 | Chg30d=-0.070 | Revisions Net=-1 | Growth EPS=+8.0% | Growth Revenue=+7.5%
EPS next Year (2027-12-31): EPS=3.70 | Chg30d=+0.032 | Revisions Net=-1 | Growth EPS=+10.8% | Growth Revenue=+8.9%