Legal & General Group Plc decreased its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,147,443 shares of the real estate investment trust's stock after selling 78,986 shares during the quarter. Legal & General Group Plc owned about 0.73% of Cousins Properties worth $35,158,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp increased its stake 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 valued at $28,000 after purchasing an additional 869 shares in the last quarter. UMB Bank n.a. increased its position in shares of Cousins Properties by 67.4% during the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 395 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Cousins Properties by 473.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust's stock worth $127,000 after acquiring an additional 3,551 shares during the last quarter. BankPlus Trust Department acquired a new stake in shares of Cousins Properties in the 4th quarter worth about $142,000. Finally, Assetmark Inc. boosted its stake in Cousins Properties by 15.3% during the 4th quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust's stock valued at $184,000 after purchasing an additional 794 shares during the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several analysts have recently commented on CUZ shares. StockNews.com downgraded Cousins Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, April 9th. Jefferies Financial Group started coverage on Cousins Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $35.00 price target for the company. Wolfe Research raised shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a report on Monday, April 7th. Mizuho upgraded shares of Cousins Properties from an "underperform" rating to a "neutral" rating and increased their target price for the company from $22.00 to $30.00 in a report on Tuesday, January 7th. Finally, Barclays reduced their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $32.70.
Get Our Latest Stock Report on CUZ
Cousins Properties Stock Performance
Shares of CUZ stock traded up $0.04 on Friday, hitting $26.82. 1,450,223 shares of the stock were exchanged, compared to its average volume of 1,257,982. The firm's 50 day moving average is $28.81 and its two-hundred day moving average is $29.95. Cousins Properties Incorporated has a one year low of $21.77 and a one year high of $32.55. The firm has a market capitalization of $4.50 billion, a PE ratio of 89.41, a P/E/G ratio of 2.98 and a beta of 1.24. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64.
Cousins Properties (NYSE:CUZ - Get Free Report) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping 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%. Sell-side analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.
Cousins Properties Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.77%. Cousins Properties's dividend payout ratio is 426.67%.
Cousins Properties Company Profile
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Free Report)
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.
Further Reading
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