Swedbank AB Reduces Stake in Cousins Properties Incorporated (NYSE:CUZ)

Swedbank AB cut its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 17.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 409,750 shares of the real estate investment trust's stock after selling 87,069 shares during the period. Swedbank AB owned about 0.26% of Cousins Properties worth $12,555,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. UMB Bank n.a. increased its holdings in Cousins Properties by 67.4% in the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 395 shares in the last quarter. Larson Financial Group LLC increased its stake in shares of Cousins Properties by 49.7% in the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 438 shares during the period. Signaturefd LLC raised its holdings in Cousins Properties by 30.8% in the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust's stock valued at $82,000 after buying an additional 651 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Cousins Properties during the 2nd quarter worth approximately $115,000. Finally, Quarry LP grew its holdings in Cousins Properties by 74.5% during the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust's stock worth $117,000 after acquiring an additional 1,697 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Jefferies Financial Group upgraded shares of Cousins Properties from a "hold" rating to a "buy" rating and lifted their price target for the stock from $33.00 to $36.00 in a report on Thursday, January 2nd. Truist Financial upped their price target on Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Robert W. Baird raised their price objective on Cousins Properties from $33.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, December 12th. Mizuho upgraded 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 report on Tuesday, January 7th. Finally, Barclays lowered their price target on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Cousins Properties presently has an average rating of "Moderate Buy" and an average target price of $33.11.

Cousins Properties Stock Down 1.5 %

Shares of NYSE CUZ traded down $0.45 during midday trading on Tuesday, hitting $29.68. 428,401 shares of the stock traded hands, compared to its average volume of 1,108,158. The business has a 50 day moving average price of $30.45 and a two-hundred day moving average price of $29.54. 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 0.60, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $4.69 billion, a PE ratio of 90.08, a P/E/G ratio of 3.94 and a beta of 1.29.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were given a $0.32 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.28 annualized dividend and a yield of 4.31%. Cousins Properties's payout ratio is 387.88%.

About Cousins Properties

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.