Asset Management One Co. Ltd. Has $7.61 Million Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Asset Management One Co. Ltd. lifted its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 250,886 shares of the real estate investment trust's stock after purchasing an additional 30,600 shares during the quarter. Asset Management One Co. Ltd. owned about 0.16% of Cousins Properties worth $7,609,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CUZ. CWM LLC lifted its position in Cousins Properties by 74.6% in the third quarter. CWM LLC now owns 4,298 shares of the real estate investment trust's stock worth $127,000 after purchasing an additional 1,836 shares during the period. Creative Planning lifted its holdings in shares of Cousins Properties by 36.2% in the third quarter. Creative Planning now owns 29,316 shares of the real estate investment trust's stock valued at $864,000 after buying an additional 7,788 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Cousins Properties by 13.1% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,470 shares of the real estate investment trust's stock valued at $839,000 after buying an additional 3,298 shares in the last quarter. Blue Trust Inc. grew its holdings in Cousins Properties by 168.0% during the third quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust's stock worth $120,000 after acquiring an additional 2,543 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Cousins Properties by 1,481.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,530 shares of the real estate investment trust's stock worth $193,000 after acquiring an additional 6,117 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on CUZ. Robert W. Baird raised their price objective on shares of Cousins Properties from $33.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. BMO Capital Markets cut shares of Cousins Properties from an "outperform" rating to a "market perform" rating and raised their target price for the stock from $31.00 to $32.00 in a report on Tuesday, December 3rd. Truist Financial upped their price target on Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Jefferies Financial Group raised Cousins Properties from a "hold" rating to a "buy" rating and raised their price objective for the stock from $33.00 to $36.00 in a research note on Thursday, January 2nd. Finally, StockNews.com lowered Cousins Properties from a "hold" rating to a "sell" rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $33.11.

Cousins Properties Stock Down 0.9 %

Shares of CUZ stock traded down $0.26 on Friday, reaching $30.09. 960,894 shares of the company's stock traded hands, compared to its average volume of 1,258,382. The company has a market capitalization of $5.05 billion, a P/E ratio of 100.30, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29. Cousins Properties Incorporated has a 12-month low of $21.58 and a 12-month high of $32.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. The business's 50 day moving average price is $30.27 and its two-hundred day moving average price is $29.91.

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

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were given a $0.32 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.25%. Cousins Properties's payout ratio is 426.67%.

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.