Cousins Properties Incorporated (NYSE:CUZ) Stock Holdings Decreased by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board decreased its holdings in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 77.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,618 shares of the real estate investment trust's stock after selling 189,512 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in Cousins Properties were worth $1,669,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its stake in shares of Cousins Properties by 130.8% in the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 858 shares during the period. Versant Capital Management Inc grew its holdings in Cousins Properties by 3,236.7% during the second quarter. Versant Capital Management Inc now owns 1,635 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 1,586 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in Cousins Properties in the first quarter valued at $43,000. Signaturefd LLC grew its stake in shares of Cousins Properties by 30.8% during the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 651 shares during the period. Finally, CWM LLC increased its holdings in shares of Cousins Properties by 74.6% in the 3rd quarter. CWM LLC now owns 4,298 shares of the real estate investment trust's stock valued at $127,000 after purchasing an additional 1,836 shares in the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Jeffrey D. Symes sold 5,997 shares of the firm's stock in a transaction on 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 of the company's stock, valued at approximately $352,440.77. This trade represents a 32.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CUZ shares. Evercore ISI lifted their price target on shares of Cousins Properties from $29.00 to $30.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. Wells Fargo & Company boosted their target price on Cousins Properties from $31.00 to $34.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. StockNews.com upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research report on Monday, November 4th. Barclays boosted 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. Finally, Truist Financial lifted their target price on shares of Cousins Properties from $26.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Two equities research analysts have rated the stock with a hold rating and five 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 an average price target of $31.50.

Cousins Properties Trading Up 1.5 %

CUZ stock traded up $0.47 on Thursday, hitting $31.57. 150,240 shares of the company were exchanged, compared to its average volume of 1,301,298. Cousins Properties Incorporated has a twelve month low of $19.48 and a twelve month high of $32.44. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 94.24, a price-to-earnings-growth ratio of 4.12 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The business's fifty day moving average is $30.31 and its two-hundred day moving average is $26.82.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.60). The firm had revenue of $209.21 million during the quarter, compared to analyst estimates of $212.54 million. Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The business's revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 earnings per share. As a group, research analysts forecast that Cousins Properties Incorporated will post 2.68 earnings per share for the current year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, October 3rd were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Thursday, October 3rd. Cousins Properties's dividend payout ratio (DPR) 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.