Cousins Properties Incorporated (NYSE:CUZ) Holdings Trimmed by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd lessened its stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 66.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,900 shares of the real estate investment trust's stock after selling 17,400 shares during the quarter. Catalyst Funds Management Pty Ltd's holdings in Cousins Properties were worth $273,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Jones Financial Companies Lllp raised its stake in Cousins Properties by 1,609.3% during the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 869 shares during the period. UMB Bank n.a. raised its stake in Cousins Properties by 67.4% during the fourth 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 period. Larson Financial Group LLC raised its stake in Cousins Properties by 49.7% during the third 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 period. Quarry LP raised its stake in Cousins Properties by 74.5% during the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust's stock worth $117,000 after acquiring an additional 1,697 shares during the period. Finally, BankPlus Trust Department acquired a new stake in Cousins Properties during the fourth quarter worth about $142,000. Institutional investors and hedge funds own 94.38% of the company's stock.

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Cousins Properties Price Performance

NYSE:CUZ traded up $0.04 during trading hours on Thursday, reaching $29.83. 1,013,519 shares of the company's stock were exchanged, compared to its average volume of 1,208,310. The company has a market capitalization of $5.00 billion, a P/E ratio of 99.44, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. Cousins Properties Incorporated has a 12 month low of $21.58 and a 12 month high of $32.55. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. The business's 50-day simple moving average is $29.92 and its two-hundred day simple moving average is $30.17.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its 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%. Sell-side analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.29%. The ex-dividend date is Thursday, April 3rd. Cousins Properties's payout ratio is 426.67%.

Analyst Ratings Changes

CUZ has been the subject of several recent analyst reports. Truist Financial upped their target price on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Robert W. Baird decreased their target price on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. StockNews.com upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a research report on Tuesday. Barclays decreased their target price on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Finally, Jefferies Financial Group assumed coverage on shares of Cousins Properties in a research report on Monday. They issued a "buy" rating and a $35.00 target price for the company. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $32.89.

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.