Mitsubishi UFJ Asset Management Co. Ltd. Has $3.38 Million Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 12.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,507 shares of the real estate investment trust's stock after buying an additional 11,845 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of Cousins Properties worth $3,376,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Cousins Properties by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust's stock worth $759,936,000 after acquiring an additional 985,934 shares during the period. Principal Financial Group Inc. increased its stake in shares of Cousins Properties by 11.1% in the fourth quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust's stock worth $413,375,000 after buying an additional 1,350,352 shares during the last quarter. State Street Corp grew 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 acquiring an additional 48,668 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Cousins Properties by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust's stock worth $84,457,000 after purchasing an additional 36,727 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Cousins Properties by 7.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust's stock worth $82,047,000 after purchasing an additional 189,411 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CUZ shares. Truist Financial boosted 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 assumed coverage on Cousins Properties in a report on Monday, March 17th. They set a "buy" rating and a $35.00 price target on the stock. Mizuho upgraded Cousins Properties from an "underperform" rating to a "neutral" rating and raised their target price for the company from $22.00 to $30.00 in a research report on Tuesday, January 7th. StockNews.com raised Cousins Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, Barclays reduced their price target on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $32.89.

Cousins Properties Stock Down 4.2 %

CUZ traded down $1.15 during trading on Friday, reaching $26.01. 2,083,391 shares of the stock traded hands, compared to its average volume of 1,246,495. 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 Incorporated has a fifty-two week low of $21.58 and a fifty-two week high of $32.55. The stock's 50-day simple moving average is $29.72 and its two-hundred day simple moving average is $30.22. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 86.70, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its earnings results 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 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. Investors of record on Thursday, April 3rd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend is Thursday, April 3rd. Cousins Properties's payout ratio is 426.67%.

Cousins Properties 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.