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I rate Cohen & Steers Limited Duration Preferred and Income Fund a Hold, with a fair value at $17.89, 4.4% below the current price. LDP offers an 8.4% yield and trades at an 11% discount to NAV but faces downside risks from rate hikes, swap roll costs, and potential distribution cuts. LDP's shorter duration, lower expenses, and higher liquidity make it more attractive than PSF, yet not compelling enough for a Buy rating.
Our Triple-Factor screen identifies closed-end funds combining a yield above 6.5%, distribution coverage above 90%, and a discount to NAV, using data as of the close of October 9, 2026. PIMCO funds take six of the top seven spots on the yield list, as several that traded at premiums until recently have slipped to discounts. Among our model portfolio holdings, DHF appears on all five lists, and HFRO again has the widest discount at -43.06%.
The Cohen & Steers Limited Duration Preferred and Income Fund offers an 8.32% yield, focusing on traditional preferred stocks from banks, utilities, and insurers. LDP underperformed the preferred stock index YTD due to rising inflation and Fed tightening, despite historically outperforming over the long term. The fund's distribution remains covered by net investment income and realized gains but lacks inflation protection as it avoids convertible preferreds.
Cohen & Steers Limited Duration Preferred and Income Fund remains a hold due to a lack of growth catalysts and elevated interest rate risks. LDP offers a 7.4% dividend yield, with distributions well covered by net investment income, appealing to income-focused investors. The fund's portfolio is heavily concentrated in banking preferreds, exposing it to sector-specific risks despite some diversification into insurance and utilities.
Cohen and Steers Limited Duration Preferred and Income Fund, Inc. (NYSE: LDP - Get Free Report)'s share price passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $20.83 and traded as low as $20.65. Cohen and Steers Limited Duration Preferred and Income Fund shares
Cohen & Steers Limited Duration Preferred & Income Fund offers diversified preferred and income security exposure, yielding 7.67% with monthly distributions. LDP currently trades at a 7% discount to NAV, wider than its 1-, 3-, and 5-year averages, but not at its deepest historical discount. Net investment income rose 14% in 2025, with distribution coverage improving to 1.24x and net assets increasing for two consecutive years.
Cohen and Steers Limited Duration Preferred and Income Fund, Inc. (NYSE: LDP - Get Free Report) shares crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $21.39 and traded as low as $21.10. Cohen and Steers Limited Duration Preferred and Income Fund shares last traded at
Cohen & Steers Limited Duration Preferred and Income Fund remains a hold, reflecting its sensitivity to interest rates and concentrated banking sector exposure. LDP trades at a 4.3% discount to NAV, near its five-year average, suggesting reasonable valuation but also highlighting ongoing challenges. The fund's 7.3% yield relies on high leverage (32% of assets) and a portfolio with 70% below-investment-grade securities, increasing risk in a high-rate environment.