CNS
Financial ServicesCohen & Steers, Inc. · Asset Management · $4B
What is Cohen & Steers, Inc.?
Cohen & Steers is a specialized asset management firm headquartered in New York City, focused on real assets and alternative income strategies. Founded in 1986, it serves institutional investors across global markets.
The firm manages equity, fixed income, multi-asset, and commodity portfolios for pension funds, endowments, and foundations. It launches and manages mutual funds, separate accounts, and hedge funds with a particular emphasis on real estate investment trusts, infrastructure, natural resources, and preferred securities. Revenue is primarily driven by management fees tied to assets under management.
Cohen & Steers was founded in 1986 and is headquartered in New York City, with additional offices in London, Hong Kong, Tokyo, and Seattle.
- Real estate and REIT-focused equity strategies
- Infrastructure and natural resources portfolios
- Preferred securities and fixed income funds
- Multi-asset and commodity strategies for institutional clients
Is CNS a Good Stock to Buy?
UQS Score rates CNS as Good overall, reflecting a balanced profile across the five quality pillars.
The Quality and Risk pillars both register as Good, suggesting the business generates relatively dependable results and carries a manageable risk profile for its sector. Valuation also comes in at Good, meaning the stock does not appear significantly stretched relative to fundamentals.
The Moat pillar is rated Weak, indicating limited structural competitive advantages compared with larger, more diversified asset managers. Growth is Neutral, pointing to a measured rather than accelerating expansion trajectory.
See the exact pillar scores and the full financial metrics breakdown by signing up for a Pro account at UQS Score. Sign up free →
Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does CNS pay dividends?
Yes — Cohen & Steers, Inc. pays a dividend.
Cohen & Steers pays a regular dividend, consistent with many fee-based asset managers that convert recurring management fee revenue into shareholder distributions. The dividend reflects the firm's relatively predictable cash generation. Investors seeking income alongside exposure to real asset strategies may find the dividend cadence relevant to their screening criteria.
When does CNS report earnings?
Cohen & Steers reports earnings on a quarterly cadence, typical for US-listed financial services companies.
Results tend to be influenced by assets under management levels, which fluctuate with market conditions in real estate and infrastructure. Fee revenue and operating leverage are key variables to watch across reporting periods.
For the most recent quarter's results and guidance commentary, visit Cohen & Steers' investor relations page directly.
CNS Price History
+10.8% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Cohen & Steers, Inc.?
Based on Cohen & Steers, Inc.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
CNS Long-term Outlook
With Growth rated Neutral and Risk rated Good, Cohen & Steers appears positioned for steady rather than rapid expansion. The firm's niche focus on real assets could support AUM growth if institutional demand for infrastructure and REIT strategies increases, but the Weak Moat rating suggests fee pressure and competition remain ongoing headwinds.
Growth drivers
- Rising institutional demand for real asset and infrastructure allocations
- Expansion of global distribution through international offices
- Potential AUM growth as real estate markets stabilize
Key risks
- Fee compression from larger, lower-cost asset managers
- AUM sensitivity to real estate and interest rate cycles
- Limited moat may constrain pricing power over time
CNS vs Peers
Cohen & Steers operates in a competitive landscape that includes other alternative and specialty finance firms.
Hercules Capital focuses on venture lending to technology and life sciences companies, a distinctly different client base from Cohen & Steers' institutional real asset focus.
Brookfield Business Corporation operates as a diversified private equity vehicle, owning operating businesses directly rather than managing third-party assets as Cohen & Steers does.
Golub Capital BDC provides debt financing to middle-market companies, competing for institutional capital but through a business development company structure rather than traditional asset management.
Frequently Asked Questions
What does Cohen & Steers do?
Cohen & Steers is a specialized asset manager that invests in real estate investment trusts, infrastructure, natural resources, and preferred securities on behalf of institutional clients such as pension funds and endowments. It manages mutual funds, separate accounts, and hedge funds across global markets.
Does CNS pay dividends?
Yes, Cohen & Steers pays a regular dividend. The firm's fee-based business model generates recurring revenue that supports consistent distributions to shareholders. Investors should check the company's investor relations page for the current dividend rate and payment schedule.
When does CNS report earnings?
Cohen & Steers reports on a quarterly cadence, in line with standard practice for US-listed asset managers. For exact dates and the most recent results, refer to the investor relations section of the company's official website.
Is CNS a good stock to buy?
UQS Score rates CNS as Good overall. The Quality, Risk, and Valuation pillars are all rated Good, while Moat is Weak and Growth is Neutral. Whether CNS fits your portfolio depends on your income and sector preferences. The full pillar breakdown is available to Pro members.
Is CNS overvalued?
The UQS Valuation pillar for CNS is rated Good, suggesting the stock is not significantly overpriced relative to its fundamentals. Valuation is one of five pillars in the composite score. Pro members can view the detailed valuation metrics behind this rating.
How does CNS compare to its competitors?
Cohen & Steers occupies a niche in real asset management that differs from peers like Hercules Capital, Brookfield Business Corporation, and Golub Capital BDC, which focus on lending or private equity. CNS's differentiation lies in its institutional focus on REITs, infrastructure, and preferred securities.
What is CNS's market cap bracket?
Cohen & Steers is classified as a mid-cap company. This places it in a size range that typically offers more liquidity than small-caps while remaining more nimble than mega-cap asset managers.
Who founded Cohen & Steers?
Cohen & Steers was founded in 1986. The firm's founding history and leadership background are publicly available on the company's official website and in its regulatory filings.
Is CNS a long-term quality stock?
As a long-term quality indicator, CNS scores as Good on the UQS composite. The firm's consistent focus on real assets and institutional clients provides a degree of business stability, though the Weak Moat rating is worth monitoring for investors with a long time horizon.
What is the main competitive advantage of Cohen & Steers?
Cohen & Steers' primary edge is its deep specialization in real asset categories — particularly REITs, infrastructure, and preferred securities — which gives it credibility with institutional allocators seeking dedicated exposure. However, the UQS Moat pillar rates this advantage as Weak relative to broader sector peers.
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Pro Analysis
CNS — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 23, 2026 | 52.7 | 70.0 | 31.0 | 39.9 | 72.7 | 57.4 | 0.0 |
| May 22, 2026 | 52.7 | 70.0 | 31.0 | 39.9 | 72.7 | 57.3 | -0.1 |
| May 21, 2026 | 52.8 | 70.0 | 31.0 | 39.9 | 72.7 | 57.5 | +0.1 |
| May 20, 2026 | 52.7 | 70.0 | 31.0 | 39.9 | 72.7 | 57.2 | 0.0 |
| May 19, 2026 | 52.7 | 70.0 | 31.0 | 39.9 | 72.7 | 57.0 | -0.1 |
| May 16, 2026 | 52.8 | 70.0 | 31.0 | 39.9 | 72.7 | 57.6 | +0.2 |
| May 15, 2026 | 52.6 | 70.0 | 31.0 | 39.9 | 72.7 | 56.6 | 0.0 |
| May 14, 2026 | 52.6 | 70.0 | 31.0 | 39.9 | 72.7 | 56.5 | 0.0 |
| May 13, 2026 | 52.6 | 70.0 | 31.0 | 39.9 | 72.7 | 56.7 | -0.1 |
| May 12, 2026 | 52.7 | 70.0 | 31.0 | 39.9 | 72.7 | 56.8 | +0.1 |
CNS — Pillar Breakdown
Quality
— 70.0/100 (25%)Cohen & Steers, Inc. shows solid profitability with healthy returns on capital and reasonable margins.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Free cash flow relative to market value.
Growth
— 39.9/100 (20%)Cohen & Steers, Inc. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 72.7/100 (15%)Cohen & Steers, Inc. maintains a reasonable risk profile with manageable debt levels.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 56.3/100 (15%)Cohen & Steers, Inc. trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 31/100 (25%)Cohen & Steers, Inc. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for CNS.
Score Composition
Financial Data
More Stock Analysis
How is the CNS UQS Score Calculated?
The UQS (Unified Quality Score) for Cohen & Steers, Inc. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Cohen & Steers, Inc.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Cohen & Steers, Inc. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.