Paul Tudor Jones sees potential market rally after late October
Cohen & Steers Inc. stock has reached a new 52-week low, touching 64.75 USD. This marks a significant downturn for the investment management firm, which has seen its stock price decline by 30.17% over the past year. The drop to this 52-week low underscores the challenges the company faces in the current market environment. Investors are closely monitoring how Cohen & Steers will navigate these turbulent times, as the stock’s performance reflects broader trends affecting the financial services sector.
In other recent news, Cohen & Steers announced a quarterly dividend of $0.62 per share for the third quarter of 2025, payable on August 21 to stockholders of record as of August 11. The company has also amended its $100 million credit facility with Bank of America, updating its senior unsecured revolving credit facility, which now matures on August 15, 2029. Additionally, Cohen & Steers is undergoing a leadership change as Executive Vice President and Chief Financial Officer Raja Dakkuri will step down on October 17, 2025, with Michael Donohue stepping in as Interim CFO. The firm is actively searching for a permanent successor.
In another development, Cohen & Steers has formed a joint venture with Lincoln Property Company to acquire Cityline at Tenley, a retail center in Washington D.C.’s Tenleytown neighborhood. Meanwhile, Corero Network Security has expanded its partnership with Netceed to bring its network security solutions to UK service providers. These recent developments reflect ongoing strategic initiatives and leadership changes within these companies.
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