Amundi Has $3.37 Million Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Amundi lifted its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 34.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,716 shares of the real estate investment trust's stock after buying an additional 28,965 shares during the period. Amundi owned about 0.07% of Cousins Properties worth $3,366,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CUZ. Jones Financial Companies Lllp boosted its position in Cousins Properties by 1,609.3% during the 4th 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 last quarter. UMB Bank n.a. boosted its stake in shares of Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock worth $30,000 after buying an additional 395 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Cousins Properties by 49.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 438 shares in the last quarter. Quarry LP grew its holdings in shares of Cousins Properties by 74.5% in the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust's stock valued at $117,000 after acquiring an additional 1,697 shares in the last quarter. Finally, BankPlus Trust Department bought a new stake in Cousins Properties during the fourth quarter worth about $142,000. 94.38% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

CUZ has been the subject of a number of analyst reports. Truist Financial raised their price target on Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. KeyCorp upgraded 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 report on Tuesday, December 17th. Robert W. Baird decreased their price objective 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. Jefferies Financial Group initiated coverage on shares of Cousins Properties in a report on Monday. They issued a "buy" rating and a $35.00 target price on the stock. Finally, Mizuho upgraded Cousins Properties from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $22.00 to $30.00 in a report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $32.89.

Cousins Properties Stock Performance

CUZ traded up $0.04 on Thursday, reaching $29.83. The company had a trading volume of 1,013,516 shares, compared to its average volume of 1,208,258. The stock has a market cap of $5.00 billion, a P/E ratio of 99.44, a P/E/G ratio of 2.98 and a beta of 1.28. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. Cousins Properties Incorporated has a fifty-two week low of $21.58 and a fifty-two week high of $32.55. The company's fifty day moving average is $29.92 and its 200 day moving average is $30.17.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. As a group, analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

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%.

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.