Founder Robert Steers Makes Major Insider Buys at Cohen & Steers

Cohen & Steers, Inc. (CNS:US) is a New York-based investment management firm known for its specialization in real assets and income-oriented strategies. Founded in 1986, the company was one of the first to focus exclusively on listed real estate and related securities, a niche that now includes infrastructure, preferred securities, and multi-strategy income funds. Presently, Cohen & Steers manages approximately $94 billion in assets across institutional and retail channels with a market capitalization of around $3.6 billion.

Insider Buying

Between October 20 and 22, 2025, Co-Founder and Executive Chairman Robert Hamilton Steers made a series of large open-market purchases in Cohen & Steers’ stock, spending nearly $2.85 million over three days.

On October 20, Steers bought 12,279 shares at an average price of $69.50, a total of about $853,000. The following day, he acquired 10,991 shares at $71.30, worth roughly $783,700. He capped the buying streak on October 22, purchasing 17,269 shares at $70.02, a transaction valued at approximately $1.2 million.

What makes this case interesting is that Robert Hamilton Steers co-founded Cohen & Steers alongside Martin Cohen and has been instrumental in shaping its long-term strategy. As Executive Chairman, Steers continues to influence the firm’s investment approach, focusing on asset classes that generate steady income and hedge against inflation.

He already holds a significant ownership position of around 7 million shares, reflecting deep alignment with shareholders. Steers’ decision to increase his holdings further underscores his belief in the company’s outlook. 

Financial and Strategic Context

Cohen & Steers has been navigating a complex market backdrop, as higher interest rates and shifting investor sentiment toward passive income vehicles have weighed on traditional asset managers. Even so, the firm has maintained stable earnings and demonstrated resilience in its niche.

Financially, Cohen & Steers remains solid. It reported net income of around $160 million, trading at a price-to-earnings multiple near 21x. While the market’s cautious stance toward real-asset managers has kept valuations subdued, insider buying of this scale sends a contrasting signal of internal confidence.

Cohen & Steers continues to operate from a position of stability and expertise in a market segment poised for renewed interest. The firm’s consistent earnings, disciplined strategy, and growing AUM provide a solid foundation, while Robert Steers’ latest buying spree reinforces confidence in the company’s intrinsic value.