Duff & Phelps Investment Management Co. Sells 11,181 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Duff & Phelps Investment Management Co. reduced its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,262,180 shares of the real estate investment trust's stock after selling 11,181 shares during the quarter. Duff & Phelps Investment Management Co. owned 0.80% of Cousins Properties worth $38,673,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Cousins Properties during the 4th quarter worth about $57,194,000. Rush Island Management LP acquired a new position in Cousins Properties during the 3rd quarter worth $46,393,000. Principal Financial Group Inc. lifted its holdings in Cousins Properties by 11.1% during the 4th 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 in the last quarter. Vanguard Group Inc. boosted its position 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 valued at $759,936,000 after buying an additional 985,934 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Cousins Properties by 411.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,113,403 shares of the real estate investment trust's stock valued at $32,823,000 after buying an additional 895,917 shares during the period. 94.38% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Several equities analysts recently issued reports on CUZ shares. Truist Financial raised 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. Robert W. Baird dropped their price target on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. BMO Capital Markets lowered shares of Cousins Properties from an "outperform" rating to a "market perform" rating and lifted their target price for the stock from $31.00 to $32.00 in a report on Tuesday, December 3rd. Mizuho upgraded shares of Cousins Properties from an "underperform" rating to a "neutral" rating and upped their target price for the company from $22.00 to $30.00 in a research report on Tuesday, January 7th. Finally, StockNews.com upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.89.

Cousins Properties Trading Up 0.3 %

CUZ stock traded up $0.09 during midday trading on Tuesday, hitting $29.59. 504,982 shares of the company's stock were exchanged, compared to its average volume of 1,237,673. Cousins Properties Incorporated has a one year low of $21.58 and a one year 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 company has a market cap of $4.97 billion, a PE ratio of 98.97, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. The stock's fifty day moving average price is $29.93 and its 200-day moving average price is $30.25.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings data 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%. Research analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

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 issued a dividend of $0.32 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.33%. 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.