Amalgamated Bank Reduces Position in Cousins Properties Incorporated (NYSE:CUZ)

Amalgamated Bank lessened its stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 19.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,516 shares of the real estate investment trust's stock after selling 17,824 shares during the quarter. Amalgamated Bank's holdings in Cousins Properties were worth $2,138,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of CUZ. Blue Trust Inc. grew its holdings in Cousins Properties by 130.8% during the second quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust's stock valued at $36,000 after purchasing an additional 858 shares during the period. Versant Capital Management Inc grew its holdings in Cousins Properties by 3,236.7% during the second quarter. Versant Capital Management Inc now owns 1,635 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 1,586 shares during the period. Abich Financial Wealth Management LLC acquired a new position in Cousins Properties during the first quarter valued at approximately $43,000. Signaturefd LLC grew its holdings in Cousins Properties by 30.8% during the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust's stock valued at $82,000 after purchasing an additional 651 shares during the period. Finally, CWM LLC grew its holdings in Cousins Properties by 74.6% during the third quarter. CWM LLC now owns 4,298 shares of the real estate investment trust's stock valued at $127,000 after purchasing an additional 1,836 shares during the period. Institutional investors and hedge funds own 94.38% of the company's stock.

Cousins Properties Trading Down 2.1 %

NYSE CUZ traded down $0.67 during trading hours on Tuesday, reaching $31.24. The company's stock had a trading volume of 677,563 shares, compared to its average volume of 1,307,728. The firm has a fifty day simple moving average of $29.96 and a 200-day simple moving average of $26.46. The stock has a market cap of $4.75 billion, a P/E ratio of 96.70, a P/E/G ratio of 5.13 and a beta of 1.29. Cousins Properties Incorporated has a 52 week low of $17.85 and a 52 week high of $32.44. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.60). The firm had revenue of $209.21 million for the quarter, compared to the consensus estimate of $212.54 million. Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The firm's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.65 EPS. Equities analysts forecast that Cousins Properties Incorporated will post 2.67 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, October 3rd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.10%. The ex-dividend date was Thursday, October 3rd. Cousins Properties's payout ratio is currently 387.88%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Cousins Properties from $31.00 to $33.00 and gave the company an "outperform" rating in a report on Monday, November 4th. StockNews.com raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research report on Monday, November 4th. Evercore ISI increased their price objective on shares of Cousins Properties from $29.00 to $30.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Wells Fargo & Company raised their price target on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Finally, Barclays raised their price target on shares of Cousins Properties from $30.00 to $35.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, Cousins Properties presently has a consensus rating of "Moderate Buy" and an average target price of $31.50.

Insiders Place Their Bets

In other Cousins Properties news, CAO Jeffrey D. Symes sold 5,997 shares of Cousins Properties stock in a transaction on Friday, September 6th. The shares were sold at an average price of $28.13, for a total transaction of $168,695.61. Following the transaction, the chief accounting officer now directly owns 12,529 shares of the company's stock, valued at $352,440.77. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.40% of the company's stock.

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.