Bank of New York Mellon Corp Sells 135,031 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Bank of New York Mellon Corp decreased its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,372,716 shares of the real estate investment trust's stock after selling 135,031 shares during the period. Bank of New York Mellon Corp owned 0.87% of Cousins Properties worth $42,060,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Cousins Properties by 11.1% during the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust's stock worth $413,375,000 after purchasing an additional 1,350,352 shares during the last quarter. State Street Corp raised its stake in shares of Cousins Properties by 0.6% in the third quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust's stock valued at $224,251,000 after buying an additional 48,668 shares during the period. Geode Capital Management LLC lifted its position in shares of Cousins Properties by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust's stock valued at $84,457,000 after buying an additional 36,727 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Cousins Properties by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,488,358 shares of the real estate investment trust's stock worth $73,357,000 after acquiring an additional 82,521 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in Cousins Properties by 3,768.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust's stock worth $68,907,000 after acquiring an additional 2,276,986 shares during the last quarter. Institutional investors own 94.38% of the company's stock.

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Cousins Properties Stock Down 3.1 %

CUZ stock traded down $0.92 on Monday, reaching $28.29. 2,089,112 shares of the company traded hands, compared to its average volume of 1,335,717. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a fifty day simple moving average of $30.15 and a 200-day simple moving average of $30.14. Cousins Properties Incorporated has a one year low of $21.58 and a one year high of $32.55. The company has a market cap of $4.74 billion, a P/E ratio of 94.28, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating the consensus estimate of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. Research analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.32 per share. The ex-dividend date was Friday, January 3rd. This represents a $1.28 annualized dividend and a yield of 4.53%. Cousins Properties's dividend payout ratio is 426.67%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Jefferies Financial Group upgraded Cousins Properties from a "hold" rating to a "buy" rating and lifted their price target for the company from $33.00 to $36.00 in a research report on Thursday, January 2nd. BMO Capital Markets downgraded shares of Cousins Properties from an "outperform" rating to a "market perform" rating and increased their price target for the stock from $31.00 to $32.00 in a report on Tuesday, December 3rd. Mizuho raised shares of Cousins Properties from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. StockNews.com downgraded shares of Cousins Properties from a "hold" rating to a "sell" rating in a report on Thursday, January 9th. Finally, KeyCorp raised shares of Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price target on the stock in a report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Cousins Properties presently has an average rating of "Moderate Buy" and an average price target of $33.00.

Cousins Properties Company Profile

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.