CORDA Investment Management LLC. Has $28.88 Million Stake in Cousins Properties Incorporated (NYSE:CUZ)

CORDA Investment Management LLC. decreased its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 2.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 979,702 shares of the real estate investment trust's stock after selling 19,700 shares during the period. Cousins Properties comprises about 2.3% of CORDA Investment Management LLC.'s portfolio, making the stock its 22nd largest holding. CORDA Investment Management LLC. owned approximately 0.64% of Cousins Properties worth $28,882,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CUZ. Van ECK Associates Corp grew its position in shares of Cousins Properties by 10.7% during the third quarter. Van ECK Associates Corp now owns 29,043 shares of the real estate investment trust's stock worth $908,000 after acquiring an additional 2,800 shares during the last quarter. US Bancorp DE grew its position in shares of Cousins Properties by 5.4% during the third quarter. US Bancorp DE now owns 18,904 shares of the real estate investment trust's stock worth $557,000 after acquiring an additional 976 shares during the last quarter. abrdn plc grew its position in shares of Cousins Properties by 8.4% during the third quarter. abrdn plc now owns 30,089 shares of the real estate investment trust's stock worth $887,000 after acquiring an additional 2,327 shares during the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Cousins Properties by 4.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 36,509 shares of the real estate investment trust's stock worth $1,059,000 after acquiring an additional 1,626 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Cousins Properties by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,903 shares of the real estate investment trust's stock worth $173,000 after acquiring an additional 1,523 shares during the last quarter. Institutional investors own 94.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CUZ shares. Robert W. Baird upped their price objective on shares of Cousins Properties from $31.00 to $33.00 and gave the stock an "outperform" rating in a report on Monday. 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 report on Thursday, October 10th. Evercore ISI upped their price objective on shares of Cousins Properties from $29.00 to $30.00 and gave the stock an "in-line" rating in a report on Monday, September 16th. Wells Fargo & Company upped their price objective on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an "overweight" rating in a report on Monday. Finally, Truist Financial upped their price objective on shares of Cousins Properties from $26.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Cousins Properties has a consensus rating of "Moderate Buy" and a consensus price target of $31.50.

Insider Buying and Selling at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 5,997 shares of the company's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $28.13, for a total value of $168,695.61. Following the transaction, the chief accounting officer now owns 12,529 shares in the company, valued at $352,440.77. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.40% of the company's stock.

Cousins Properties Price Performance

NYSE CUZ traded up $0.84 on Monday, reaching $30.82. The company's stock had a trading volume of 1,831,996 shares, compared to its average volume of 1,302,502. Cousins Properties Incorporated has a twelve month low of $17.85 and a twelve month high of $32.17. 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 cap of $4.69 billion, a PE ratio of 90.85, a PEG ratio of 4.64 and a beta of 1.29. The firm's 50 day moving average is $29.57 and its two-hundred day moving average is $26.09.

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

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Thursday, October 3rd. Cousins Properties's dividend payout ratio is presently 387.88%.

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.