UniSuper Management Pty Ltd lessened its holdings in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 417,124 shares of the real estate investment trust's stock after selling 47,300 shares during the period. UniSuper Management Pty Ltd owned approximately 0.26% of Cousins Properties worth $12,781,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also modified their holdings of CUZ. Jones Financial Companies Lllp lifted its position in Cousins Properties by 1,609.3% in the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 869 shares during the last quarter. UMB Bank n.a. raised its stake in shares of 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 valued at $30,000 after acquiring an additional 395 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Cousins Properties by 49.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 438 shares during the last quarter. Quarry LP boosted its position in shares of 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 purchasing an additional 1,697 shares during the period. Finally, BankPlus Trust Department acquired a new stake in Cousins Properties in the 4th quarter valued at approximately $142,000. 94.38% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on CUZ shares. Robert W. Baird lowered their price target on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. Barclays lowered 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. StockNews.com upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th. Jefferies Financial Group started coverage on shares of Cousins Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $35.00 price objective for the company. Finally, Mizuho raised shares of Cousins Properties from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Cousins Properties has a consensus rating of "Moderate Buy" and a consensus target price of $32.89.
Check Out Our Latest Analysis on Cousins Properties
Cousins Properties Stock Performance
Cousins Properties stock traded up $0.14 during trading hours on Tuesday, reaching $29.64. 393,883 shares of the stock were exchanged, compared to its average volume of 1,237,142. Cousins Properties Incorporated has a 52-week low of $21.58 and a 52-week high of $32.55. The stock has a market cap of $4.98 billion, a P/E ratio of 98.71, a P/E/G ratio of 2.98 and a beta of 1.28. 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 firm's 50 day moving average is $29.93 and its 200 day moving average is $30.25.
Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating 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%. Analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.
Cousins Properties Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.32%. Cousins Properties's payout ratio is 426.67%.
About Cousins Properties
(
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.
Read More
Before you consider Cousins Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cousins Properties wasn't on the list.
While Cousins Properties currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
