Corebridge Financial Inc. lifted its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 189,262 shares of the real estate investment trust's stock after buying an additional 9,355 shares during the period. Corebridge Financial Inc. owned approximately 0.12% of Cousins Properties worth $5,799,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of CUZ. Arizona State Retirement System grew its holdings in Cousins Properties by 0.8% in the fourth quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust's stock worth $1,353,000 after purchasing an additional 366 shares during the last quarter. UMB Bank n.a. boosted its position 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 purchasing an additional 395 shares in the last quarter. Larson Financial Group LLC grew its stake in Cousins Properties by 49.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust's stock worth $39,000 after buying an additional 438 shares during the last quarter. Pacer Advisors Inc. increased its position in Cousins Properties by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust's stock valued at $695,000 after buying an additional 485 shares in the last quarter. Finally, Assetmark Inc. raised its stake in Cousins Properties by 15.3% in the fourth quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust's stock valued at $184,000 after buying an additional 794 shares during the last quarter. Institutional investors own 94.38% of the company's stock.
Cousins Properties Price Performance
Shares of CUZ remained flat at $29.40 during mid-day trading on Wednesday. The stock had a trading volume of 538,385 shares, compared to its average volume of 1,240,037. The firm has a market capitalization of $4.94 billion, a PE ratio of 98.00, a P/E/G ratio of 2.98 and a beta of 1.28. Cousins Properties Incorporated has a 1 year low of $21.58 and a 1 year high of $32.55. The company has a 50-day moving average price of $29.89 and a 200 day moving average price of $30.25. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64.
Cousins Properties (NYSE:CUZ - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 EPS 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, sell-side analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.
Cousins Properties Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Thursday, April 3rd. Cousins Properties's payout ratio is currently 426.67%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the company. Truist Financial boosted their price target on Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. BMO Capital Markets lowered shares of Cousins Properties from an "outperform" rating to a "market perform" rating and upped their price target for the company from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Barclays lowered their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Robert W. Baird cut their target price on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Finally, Mizuho upgraded Cousins Properties from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $32.89.
Read Our Latest Stock Analysis on CUZ
Cousins Properties Profile
(
Free Report)
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.
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