Nkcfo LLC Reduces Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Nkcfo LLC trimmed its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 151,500 shares of the real estate investment trust's stock after selling 19,500 shares during the quarter. Cousins Properties accounts for about 2.0% of Nkcfo LLC's holdings, making the stock its 13th largest position. Nkcfo LLC owned about 0.10% of Cousins Properties worth $4,642,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its holdings in Cousins Properties by 3,768.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust's stock valued at $68,907,000 after buying an additional 2,276,986 shares in the last quarter. Rush Island Management LP bought a new position in shares of Cousins Properties in the third quarter valued at approximately $46,393,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Cousins Properties by 411.9% during the third 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 acquiring an additional 895,917 shares in the last quarter. Wellington Management Group LLP bought a new stake in Cousins Properties during the 3rd quarter worth approximately $20,276,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Cousins Properties by 368.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust's stock worth $23,052,000 after purchasing an additional 615,118 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company's stock.

Cousins Properties Trading Down 0.1 %

NYSE CUZ traded down $0.03 during trading on Wednesday, hitting $30.32. 1,649,433 shares of the company's stock traded hands, compared to its average volume of 1,268,289. The stock has a fifty day moving average of $30.28 and a two-hundred day moving average of $29.88. Cousins Properties Incorporated has a 12-month low of $21.58 and a 12-month high of $32.55. The firm has a market cap of $5.08 billion, a P/E ratio of 101.08, a PEG ratio of 3.85 and a beta of 1.29. 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 (NYSE:CUZ - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping 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%. As a group, sell-side analysts expect that Cousins Properties Incorporated will post 2.74 EPS for the current year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date was Friday, January 3rd. Cousins Properties's payout ratio is 426.67%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Robert W. Baird boosted their price target 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. Barclays reduced their target price on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. StockNews.com cut Cousins Properties from a "hold" rating to a "sell" rating in a report on Thursday, January 9th. Truist Financial boosted their price objective on Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Finally, BMO Capital Markets downgraded shares of Cousins Properties from an "outperform" rating to a "market perform" rating and raised their target price for the company from $31.00 to $32.00 in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $33.11.

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.