Nomura Asset Management Co. Ltd. increased its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 11.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 213,600 shares of the real estate investment trust's stock after buying an additional 22,510 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.14% of Cousins Properties worth $6,545,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also modified their holdings of the stock. Jones Financial Companies Lllp raised its holdings 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 period. UMB Bank n.a. boosted its position in Cousins Properties by 67.4% during 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 during the period. Quarry LP increased its holdings in Cousins Properties by 74.5% in the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust's stock valued at $117,000 after purchasing an additional 1,697 shares in the last quarter. BankPlus Trust Department purchased a new position in Cousins Properties in the fourth quarter valued at about $142,000. Finally, Assetmark Inc. boosted its position in shares of Cousins Properties by 15.3% in the fourth quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust's stock worth $184,000 after buying an additional 794 shares during the period. 94.38% of the stock is currently owned by hedge funds and other institutional investors.
Cousins Properties Stock Performance
Shares of NYSE CUZ traded down $2.01 during mid-day trading on Thursday, hitting $27.19. The company had a trading volume of 1,460,287 shares, compared to its average volume of 1,242,148. Cousins Properties Incorporated has a 12 month low of $21.58 and a 12 month high of $32.55. The stock has a market cap of $4.56 billion, a price-to-earnings ratio of 90.62, a PEG ratio of 2.98 and a beta of 1.28. 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's 50 day simple moving average is $29.87 and its two-hundred day simple moving average is $30.25.
Cousins Properties (NYSE:CUZ - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate 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, equities research analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.
Cousins Properties Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Thursday, April 3rd. Cousins Properties's dividend payout ratio is currently 426.67%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on CUZ shares. Mizuho raised shares of Cousins Properties from an "underperform" rating to a "neutral" rating and raised their price target for the company from $22.00 to $30.00 in a report on Tuesday, January 7th. Truist Financial boosted their price target on Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Barclays lowered their price objective on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. StockNews.com upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, KeyCorp upgraded shares of Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price target for the company in a research note on Tuesday, December 17th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $32.89.
Read Our Latest Stock Analysis on CUZ
Cousins Properties Company Profile
(
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
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
