abrdn plc Buys 14,439 Shares of Cousins Properties Incorporated (NYSE:CUZ)

abrdn plc lifted its holdings in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 48.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 44,528 shares of the real estate investment trust's stock after acquiring an additional 14,439 shares during the quarter. abrdn plc's holdings in Cousins Properties were worth $1,340,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CUZ. UMB Bank n.a. lifted its holdings in shares of Cousins Properties by 67.4% in the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 395 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Cousins Properties by 49.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 438 shares during the last quarter. Signaturefd LLC increased its stake in shares of Cousins Properties by 30.8% in the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust's stock worth $82,000 after buying an additional 651 shares during the period. Quarry LP increased its stake in shares of Cousins Properties by 74.5% in the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust's stock worth $117,000 after buying an additional 1,697 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Cousins Properties by 168.0% in the third quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust's stock worth $120,000 after buying an additional 2,543 shares during the period. 94.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CUZ. Mizuho raised shares of Cousins Properties from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. KeyCorp raised shares of Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 target price on the stock in a research note on Tuesday, December 17th. Truist Financial lifted their target price on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Barclays decreased their target price on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Finally, BMO Capital Markets downgraded shares of Cousins Properties from an "outperform" rating to a "market perform" rating and boosted their price objective for the company from $31.00 to $32.00 in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.11.

Cousins Properties Stock Down 2.0 %

Shares of CUZ stock traded down $0.60 during mid-day trading on Friday, reaching $29.93. 1,144,073 shares of the company's stock traded hands, compared to its average volume of 1,241,679. Cousins Properties Incorporated has a 12 month low of $21.58 and a 12 month high of $32.55. The company has a market cap of $4.73 billion, a P/E ratio of 99.75, a P/E/G ratio of 3.95 and a beta of 1.29. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60. The company's 50-day moving average price is $30.30 and its 200-day moving average price is $29.80.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.03%. On average, equities analysts expect that Cousins Properties Incorporated will post 2.73 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties's payout ratio is 426.67%.

About Cousins Properties

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.