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

Swedbank AB decreased its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 15.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 496,819 shares of the real estate investment trust's stock after selling 87,546 shares during the quarter. Swedbank AB owned about 0.33% of Cousins Properties worth $14,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Creative Planning lifted its holdings in shares of Cousins Properties by 36.2% in the third quarter. Creative Planning now owns 29,316 shares of the real estate investment trust's stock worth $864,000 after buying an additional 7,788 shares in the last quarter. CWM LLC increased its holdings in Cousins Properties by 74.6% during the 3rd quarter. CWM LLC now owns 4,298 shares of the real estate investment trust's stock worth $127,000 after acquiring an additional 1,836 shares during the period. Handelsbanken Fonder AB increased its holdings in Cousins Properties by 14.0% during the 3rd quarter. Handelsbanken Fonder AB now owns 36,620 shares of the real estate investment trust's stock worth $1,080,000 after acquiring an additional 4,500 shares during the period. SG Americas Securities LLC lifted its stake in Cousins Properties by 4.7% in the 3rd quarter. SG Americas Securities LLC now owns 159,830 shares of the real estate investment trust's stock worth $4,712,000 after purchasing an additional 7,118 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Cousins Properties in the 2nd quarter valued at $115,000. Institutional investors own 94.38% of the company's stock.

Cousins Properties Trading Up 1.0 %

NYSE:CUZ traded up $0.32 during trading hours on Friday, reaching $31.82. The company's stock had a trading volume of 715,591 shares, compared to its average volume of 1,308,090. The firm has a 50-day simple moving average of $28.72 and a 200-day simple moving average of $25.39. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03. Cousins Properties Incorporated has a 1 year low of $17.40 and a 1 year high of $31.98. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 64.28, a PEG ratio of 4.41 and a beta of 1.30.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.61). Cousins Properties had a net margin of 7.25% and a return on equity of 1.31%. The company had revenue of $212.98 million during the quarter, compared to the consensus estimate of $208.18 million. During the same period last year, the firm posted $2.75 EPS. The company's revenue was up 4.2% on a year-over-year basis. Research analysts expect that Cousins Properties Incorporated will post 2.67 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.28 annualized dividend and a yield of 4.02%. Cousins Properties's payout ratio is currently 261.22%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Robert W. Baird increased their price objective on Cousins Properties from $29.00 to $31.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Evercore ISI lifted their price target on Cousins Properties from $29.00 to $30.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Barclays upped their price objective on shares of Cousins Properties from $30.00 to $35.00 and gave the stock an "overweight" rating in a research report on Thursday, October 10th. Truist Financial lifted their target price on shares of Cousins Properties from $26.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company increased their price target on shares of Cousins Properties from $26.00 to $31.00 and gave the stock an "overweight" rating in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Cousins Properties currently has an average rating of "Moderate Buy" and an average price target of $29.00.

Insiders Place Their Bets

In other news, CAO Jeffrey D. Symes sold 5,997 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $28.13, for a total transaction of $168,695.61. Following the completion of the sale, the chief accounting officer now directly owns 12,529 shares in the company, valued at approximately $352,440.77. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company's stock.

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.