Ilmarinen Mutual Pension Insurance Co Has $2.50 Million Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Ilmarinen Mutual Pension Insurance Co lifted its holdings in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 69.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 81,500 shares of the real estate investment trust's stock after purchasing an additional 33,500 shares during the period. Ilmarinen Mutual Pension Insurance Co owned 0.05% of Cousins Properties worth $2,497,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CUZ. Arizona State Retirement System increased its position in Cousins Properties by 0.8% in the 4th quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust's stock worth $1,353,000 after buying an additional 366 shares during the period. UMB Bank n.a. grew its stake in shares of Cousins Properties by 67.4% in 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 last quarter. Pacer Advisors Inc. increased its position in Cousins Properties by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust's stock worth $695,000 after acquiring an additional 485 shares during the period. Assetmark Inc. raised its stake in Cousins Properties by 15.3% during the 4th quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust's stock valued at $184,000 after purchasing an additional 794 shares during the last quarter. Finally, Yousif Capital Management LLC raised its stake in Cousins Properties by 1.5% during the 4th quarter. Yousif Capital Management LLC now owns 56,824 shares of the real estate investment trust's stock valued at $1,741,000 after purchasing an additional 829 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Cousins Properties Stock Down 1.4 %

Shares of CUZ traded down $0.37 on Friday, hitting $25.54. The company's stock had a trading volume of 548,801 shares, compared to its average volume of 1,254,043. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 85.08, a P/E/G ratio of 2.98 and a beta of 1.24. Cousins Properties Incorporated has a fifty-two week low of $21.58 and a fifty-two week 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 firm's fifty day moving average price is $29.20 and its 200-day moving average price is $30.06.

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

Cousins Properties Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend is Thursday, April 3rd. Cousins Properties's dividend payout ratio is currently 426.67%.

Analyst Ratings Changes

Several brokerages recently issued reports on CUZ. Barclays lowered their price target on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Robert W. Baird decreased their price objective on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Jefferies Financial Group began coverage on Cousins Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $35.00 target price for the company. Truist Financial raised their price target on shares of Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Finally, Mizuho upgraded shares of Cousins Properties from an "underperform" rating to a "neutral" rating and upped their target price for the company from $22.00 to $30.00 in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.70.

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.