Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its holdings in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 26.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,472 shares of the real estate investment trust's stock after selling 27,828 shares during the period. Assenagon Asset Management S.A.'s holdings in Cousins Properties were worth $2,225,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CUZ. International Assets Investment Management LLC acquired a new stake in Cousins Properties during the 3rd quarter valued at $863,000. Signaturefd LLC lifted its position in shares of Cousins Properties by 30.8% in the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust's stock valued at $82,000 after acquiring an additional 651 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Cousins Properties by 1,481.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,530 shares of the real estate investment trust's stock valued at $193,000 after acquiring an additional 6,117 shares during the last quarter. Blue Trust Inc. increased its position in Cousins Properties by 168.0% during the 3rd quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust's stock worth $120,000 after purchasing an additional 2,543 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its stake in Cousins Properties by 4.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 327,276 shares of the real estate investment trust's stock valued at $9,648,000 after purchasing an additional 13,679 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Stock Down 2.1 %

Shares of CUZ stock traded down $0.65 during trading hours on Friday, hitting $29.98. 1,460,594 shares of the company were exchanged, compared to its average volume of 1,300,004. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 92.24, a P/E/G ratio of 4.71 and a beta of 1.30. Cousins Properties Incorporated has a one year low of $17.85 and a one year high of $32.17. The business's 50-day simple moving average is $29.53 and its two-hundred day simple moving average is $25.97.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.60). Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The firm had revenue of $209.21 million for the quarter, compared to the consensus estimate of $212.54 million. During the same quarter last year, the business earned $0.65 earnings per share. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. Sell-side analysts predict that Cousins Properties Incorporated will post 2.67 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend was Thursday, October 3rd. Cousins Properties's dividend payout ratio is presently 387.88%.

Analysts Set New Price Targets

CUZ has been the subject of several recent analyst reports. Barclays lifted their target price on shares of Cousins Properties from $30.00 to $35.00 and gave the stock an "overweight" rating in a research note on Thursday, October 10th. Robert W. Baird upped their target price on Cousins Properties from $29.00 to $31.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. Evercore ISI raised their price target on Cousins Properties from $29.00 to $30.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. Truist Financial upped their price objective on shares of Cousins Properties from $26.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Finally, Wells Fargo & Company raised their target price on shares of Cousins Properties from $26.00 to $31.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $30.67.

Insider Buying and Selling at Cousins Properties

In related 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 value of $168,695.61. Following the sale, the chief accounting officer now owns 12,529 shares of the company's stock, valued at $352,440.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is currently owned by company insiders.

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.