Michael Clark - Cohen Steers Lead Independent Director
RNP Fund | USD 21.82 0.11 0.50% |
Mr. Michael G. Clark is Independent Director of Cohen Steers Reit and Preferred Income Fund Inc., since 2011. From May 2006 to June 2011, President and Chief Executive Officer of DWS Funds and Managing Director of Deutsche Asset Management. Prior to becoming a Director of various Cohen Steers funds, Mr. Clark served as President of the DWS family of funds and Managing Director of Deutsche Asset Management for over 5 years. Prior to then, he held senior management positions at Merrill Lynch Investment Managers and Merrill Lynch Asset Management, and prior thereto, was an auditor at Merrill Lynch Co. and Deloitte Touche. He has over 24 years of investment management and financial services industry experience.
Age | 55 |
Tenure | 5 years |
Phone | 212 832 3232 |
Web | https://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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Management Performance
Return On Equity | -9.16 | ||||
Return On Asset | 1.78 |
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.
Return On Equity | -9.16 | ||||
Return On Asset | 1.78 | ||||
Profit Margin | (181.16) % | ||||
Operating Margin | 77.62 % | ||||
Current Valuation | 1.46 B | ||||
Shares Outstanding | 47.59 M | ||||
Shares Owned By Institutions | 16.99 % | ||||
Number Of Shares Shorted | 83.42 K | ||||
Price To Earning | 60.05 X | ||||
Price To Book | 0.96 X |
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.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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