APG Asset Management US Inc. Grows Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

APG Asset Management US Inc. boosted its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 0.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,853,306 shares of the real estate investment trust's stock after buying an additional 19,657 shares during the period. Cousins Properties makes up approximately 1.8% of APG Asset Management US Inc.'s portfolio, making the stock its 16th biggest position. APG Asset Management US Inc. owned approximately 4.97% of Cousins Properties worth $240,625,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Cousins Properties by 21.5% during 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 in the last quarter. Geode Capital Management LLC raised its stake in shares of Cousins Properties by 1.3% during the 3rd 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 purchasing an additional 36,727 shares during the period. State Street Corp lifted its holdings in Cousins Properties by 0.6% during the 3rd quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust's stock worth $224,251,000 after purchasing an additional 48,668 shares in the last quarter. Rhumbline Advisers boosted its stake in Cousins Properties by 4.9% in the 4th 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 period. Finally, Charles Schwab Investment Management Inc. grew its holdings in 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 buying an additional 189,411 shares in the last quarter. Institutional investors own 94.38% of the company's stock.

Cousins Properties Stock Down 0.5 %

CUZ traded down $0.13 during midday trading on Monday, reaching $26.00. The company's stock had a trading volume of 527,860 shares, compared to its average volume of 1,254,980. Cousins Properties Incorporated has a 1 year low of $21.58 and a 1 year high of $32.55. The stock's 50-day moving average is $29.13 and its 200-day moving average is $30.03. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of 86.67, a PEG ratio of 2.98 and a beta of 1.24. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share 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, research analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The firm 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 $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Thursday, April 3rd. Cousins Properties's dividend payout ratio (DPR) is presently 426.67%.

Wall Street Analyst Weigh In

CUZ has been the topic of a number of recent analyst reports. Jefferies Financial Group assumed coverage on shares of Cousins Properties in a report on Monday, March 17th. They issued a "buy" rating and a $35.00 price target on the stock. StockNews.com cut shares of Cousins Properties from a "hold" rating to a "sell" rating in a report on Wednesday, April 9th. Mizuho upgraded Cousins Properties from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. Barclays dropped their price target on 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, KeyCorp raised shares of Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 target price on the stock in a research note on Tuesday, December 17th. 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 company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.