Dean Junkans - Cohen Steers Independent Director

RNP Fund  USD 22.58  0.06  0.27%   
Dean Junkans is Fund Manager at Cohen Steers Reit
Mr. Dean Junkans is a Independent Director of the Company. Junkans was Chief Investment Officer at Wells Fargo Private Bank from 2004 to 2014, and also served as Chief Investment Officer of the Wealth, Brokerage and Retirement group at Wells Fargo Company from 2011 to 2014. He is currently a member, and former Chair, of the Claritas Advisory Committee at the CFA Institute, and is also a board member and Investment Committee member of Bethel University Foundation. He was a member of the Board of Governors of the University of Wisconsin Foundation, River Falls, from 1996 to 2004, and is a U.S. Army Veteran.
Age 61
Tenure 9 years
Professional MarksCFA
Phone212 832 3232
Webhttps://www.cohenandsteers.com/funds/details/reit-and-preferred-income-fund

Cohen Steers Management Performance (%)

The company has Return on Asset of 1.78 % which means that on every $100 spent on assets, it made $1.78 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (9.16) %, meaning that it generated no profit with money invested by stockholders. Cohen Steers' management efficiency ratios could be used to measure how well Cohen Steers manages its routine affairs as well as how well it operates its assets and liabilities.
Cohen Steers Reit has 450 M in debt with debt to equity (D/E) ratio of 0.41, which is OK given its current industry classification. Cohen Steers Reit has a current ratio of 0.05, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Cohen Steers until it has trouble settling it off, either with new capital or with free cash flow. So, Cohen Steers' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Cohen Steers Reit sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Cohen to invest in growth at high rates of return. When we think about Cohen Steers' use of debt, we should always consider it together with cash and equity.

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Cohen Steers REIT and Preferred Income Fund, Inc. is a closed-ended balanced mutual fund launched by Cohen Steers Inc. Cohen Steers REIT and Preferred Income Fund, Inc. was formed on June 27, 2003 and is domiciled in the United States. Cohen Steers operates under Asset Management classification in the United States and is traded on New York Stock Exchange. The fund is not categorized under any group at the present time.

Management Performance

Cohen Steers Reit Leadership Team

Elected by the shareholders, the Cohen Steers' board of directors comprises two types of representatives: Cohen Steers inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cohen. The board's role is to monitor Cohen Steers' management team and ensure that shareholders' interests are well served. Cohen Steers' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Cohen Steers' outside directors are responsible for providing unbiased perspectives on the board's policies.
Adam Derechin, President, Chief Executive Officer
Robert Steers, Chairman of the Board
William Scapell, Vice President
Albert Laskaj, Treasurer
Stephen Murphy, Chief Compliance Officer, Vice President
Thomas Bohjalian, Vice President
Michael Clark, Lead Independent Director
Dana DeVivo, Secretary, Chief Legal Officer
James Giallanza, Chief Financial Officer
Lisa Phelan, Chief Compliance Officer
Gerald Maginnis, Independent Director
Yigal Jhirad, Vice President
Jason Yablon, Vice President
Ramona RogersWindsor, Independent Director
Daphne Richards, Independent Director
Mathew Kirschner, Vice President
Dean Junkans, Independent Director
George Grossman, Independent Director
C Ward, Independent Director
Joseph Harvey, Acting Chairman of the Board, Vice President
Jane Magpiong, Independent Director

Cohen Fund Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right fund is not an easy task. Is Cohen Steers a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Cohen Steers

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cohen Steers position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cohen Steers will appreciate offsetting losses from the drop in the long position's value.
The ability to find closely correlated positions to Cohen Steers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cohen Steers when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cohen Steers - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cohen Steers Reit to buy it.
The correlation of Cohen Steers is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cohen Steers moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cohen Steers Reit moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cohen Steers can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Cohen Fund

Cohen Steers financial ratios help investors to determine whether Cohen Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Cohen with respect to the benefits of owning Cohen Steers security.
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