Wellington Management Group LLP Sells 259,747 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Wellington Management Group LLP lessened its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 37.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 428,031 shares of the real estate investment trust's stock after selling 259,747 shares during the period. Wellington Management Group LLP owned 0.27% of Cousins Properties worth $13,115,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Cousins Properties by 21.5% during the third quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust's stock valued at $51,580,000 after purchasing an additional 309,571 shares during the period. Geode Capital Management LLC raised its position in shares of 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 buying an additional 36,727 shares in the last quarter. State Street Corp lifted its stake in shares of Cousins Properties by 0.6% in 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 acquiring an additional 48,668 shares during the period. Rhumbline Advisers boosted its holdings in shares of Cousins Properties by 4.9% in the fourth quarter. Rhumbline Advisers now owns 466,850 shares of the real estate investment trust's stock valued at $14,304,000 after acquiring an additional 21,939 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Cousins Properties by 7.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust's stock valued at $82,047,000 after acquiring an additional 189,411 shares during the period. Institutional investors and hedge funds own 94.38% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Mizuho upgraded Cousins Properties from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $22.00 to $30.00 in a report on Tuesday, January 7th. Barclays cut 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, February 3rd. KeyCorp raised shares of Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price objective on the stock in a research note on Tuesday, December 17th. Truist Financial increased their target price on shares of Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, Jefferies Financial Group began coverage on Cousins Properties in a report on Monday, March 17th. They issued a "buy" rating and a $35.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Cousins Properties currently has an average rating of "Moderate Buy" and an average price target of $32.70.

Cousins Properties Trading Up 1.1 %

CUZ traded up $0.30 during mid-day trading on Tuesday, hitting $26.74. The stock had a trading volume of 144,095 shares, compared to its average volume of 1,254,834. Cousins Properties Incorporated has a 1-year low of $21.58 and a 1-year high of $32.55. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 89.12, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The stock's fifty day simple moving average is $29.05 and its 200-day simple moving average is $30.01.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share 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%. As a group, research analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.79%. Cousins Properties's payout ratio is 426.67%.

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.