Boston Partners Has $22.59 Million Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Boston Partners boosted its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 738,070 shares of the real estate investment trust's stock after purchasing an additional 33,602 shares during the period. Boston Partners owned about 0.47% of Cousins Properties worth $22,592,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CUZ. Principal Financial Group Inc. lifted its position 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 buying an additional 1,350,352 shares during the period. State Street Corp raised its stake in Cousins Properties by 0.6% during the third quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust's stock worth $224,251,000 after acquiring an additional 48,668 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Cousins Properties by 1.3% during the third 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 acquiring an additional 36,727 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Cousins Properties by 7.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust's stock valued at $82,047,000 after purchasing an additional 189,411 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of 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 purchasing an additional 2,276,986 shares during the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

A number of research firms have commented on CUZ. Truist Financial boosted their price target on shares of Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. KeyCorp raised Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price target for the company in a report on Tuesday, December 17th. Jefferies Financial Group assumed coverage on Cousins Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $35.00 price objective on the stock. StockNews.com upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, Robert W. Baird reduced their price target on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Cousins Properties presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.89.

Cousins Properties Trading Down 0.9 %

NYSE:CUZ traded down $0.26 on Tuesday, hitting $30.08. 1,477,202 shares of the stock were exchanged, compared to its average volume of 1,204,694. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. Cousins Properties Incorporated has a 52 week low of $21.58 and a 52 week high of $32.55. The stock has a market capitalization of $5.05 billion, a price-to-earnings ratio of 100.27, a P/E/G ratio of 2.98 and a beta of 1.28. The company's 50-day moving average price is $29.97 and its 200 day moving average price is $30.22.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. On average, equities research analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.26%. Cousins Properties's dividend payout ratio is currently 426.67%.

Cousins Properties 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.