Massachusetts Financial Services Co. MA Has $88.11 Million Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Massachusetts Financial Services Co. MA raised its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 23.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,875,490 shares of the real estate investment trust's stock after purchasing an additional 538,074 shares during the quarter. Massachusetts Financial Services Co. MA owned 1.82% of Cousins Properties worth $88,105,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CUZ. Norges Bank acquired a new position in shares of Cousins Properties during the 4th quarter worth approximately $57,194,000. Principal Financial Group Inc. lifted its position in Cousins Properties by 11.1% in the fourth quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust's stock valued at $413,375,000 after buying an additional 1,350,352 shares during the last quarter. Vanguard Group Inc. lifted its stake in Cousins Properties by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust's stock worth $759,936,000 after purchasing an additional 985,934 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Cousins Properties in the 4th quarter valued at about $25,148,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Cousins Properties during the third quarter worth $20,276,000. 94.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $22.00 to $30.00 in a report on Tuesday, January 7th. Wolfe Research raised Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Monday. Truist Financial boosted their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Robert W. Baird reduced their target price on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Finally, StockNews.com lowered shares of Cousins Properties from a "hold" rating to a "sell" rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cousins Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.70.

Cousins Properties Stock Performance

Shares of NYSE CUZ traded down $1.53 during mid-day trading on Thursday, hitting $25.42. The company had a trading volume of 302,858 shares, compared to its average volume of 1,253,404. Cousins Properties Incorporated has a 12 month low of $21.58 and a 12 month high of $32.55. 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 firm has a market cap of $4.27 billion, a P/E ratio of 84.45, a PEG ratio of 2.98 and a beta of 1.24. The business's 50-day simple moving average is $29.29 and its 200-day simple moving average is $30.09.

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 earnings per share 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, analysts predict 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 will be paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend is Thursday, April 3rd. Cousins Properties's payout ratio is 426.67%.

Cousins Properties Company 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.