Wells Fargo & Company MN Raises Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Wells Fargo & Company MN increased its holdings in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 3.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 303,303 shares of the real estate investment trust's stock after buying an additional 10,572 shares during the quarter. Wells Fargo & Company MN owned about 0.19% of Cousins Properties worth $9,293,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of Cousins Properties by 21.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust's stock worth $51,580,000 after buying an additional 309,571 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Cousins Properties by 1.3% in 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. Rhumbline Advisers boosted its position in Cousins Properties by 4.9% in the fourth quarter. Rhumbline Advisers now owns 466,850 shares of the real estate investment trust's stock worth $14,304,000 after purchasing an additional 21,939 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Cousins Properties by 7.6% during 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 during the period. Finally, KBC Group NV increased its position in shares of Cousins Properties by 23.2% during the 4th quarter. KBC Group NV now owns 6,027 shares of the real estate investment trust's stock valued at $185,000 after purchasing an additional 1,135 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Price Performance

Shares of NYSE:CUZ traded up $0.64 during trading on Tuesday, hitting $27.04. 1,095,640 shares of the company's stock were exchanged, compared to its average volume of 1,259,892. The business's 50-day simple moving average is $28.59 and its 200 day simple moving average is $29.91. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 90.14, a PEG ratio of 2.98 and a beta of 1.24. Cousins Properties Incorporated has a 52-week low of $22.01 and a 52-week high of $32.55. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74.

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 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.73%. The ex-dividend date was Thursday, April 3rd. Cousins Properties's dividend payout ratio (DPR) is presently 426.67%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Barclays cut 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. Wolfe Research upgraded shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research note on Monday, April 7th. StockNews.com lowered Cousins Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, April 9th. Jefferies Financial Group started coverage on Cousins Properties in a research report on Monday, March 17th. They set a "buy" rating and a $35.00 target price on the stock. Finally, Mizuho raised 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 report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.70.

About Cousins Properties

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.