JPMorgan Chase & Co. Lowers Holdings in Cousins Properties Incorporated (NYSE:CUZ)

JPMorgan Chase & Co. reduced its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 13.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,518,341 shares of the real estate investment trust's stock after selling 231,321 shares during the quarter. JPMorgan Chase & Co. owned about 0.96% of Cousins Properties worth $46,522,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CUZ. Geode Capital Management LLC increased its holdings in 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 worth $84,457,000 after purchasing an additional 36,727 shares in the last quarter. State Street Corp increased 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 increased its holdings in Cousins Properties by 4.9% during 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 in the last quarter. Charles Schwab Investment Management Inc. increased 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 worth $82,047,000 after purchasing an additional 189,411 shares in the last quarter. Finally, KBC Group NV increased its holdings in Cousins Properties by 23.2% during the 4th quarter. KBC Group NV now owns 6,027 shares of the real estate investment trust's stock worth $185,000 after purchasing an additional 1,135 shares in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CUZ shares. Barclays reduced their target price on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. KeyCorp upgraded Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price objective on the stock in a research report on Tuesday, December 17th. Robert W. Baird lowered their price objective on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Truist Financial increased their price objective on Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Finally, StockNews.com cut Cousins Properties from a "hold" rating to a "sell" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.70.

Cousins Properties Stock Down 4.1 %

Shares of NYSE CUZ traded down $1.10 during mid-day trading on Thursday, hitting $25.85. 132,729 shares of the stock traded hands, compared to its average volume of 1,252,722. 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 52 week low of $21.58 and a 52 week high of $32.55. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 86.17, a PEG ratio of 2.98 and a beta of 1.24. The stock has a fifty day moving average price of $29.29 and a 200-day moving average price of $30.09.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly 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%. Research analysts anticipate 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. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date of this dividend 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.