Principal Financial Group Inc. Has $413.38 Million Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Principal Financial Group Inc. lifted its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,491,300 shares of the real estate investment trust's stock after acquiring an additional 1,350,352 shares during the quarter. Principal Financial Group Inc. owned about 8.53% of Cousins Properties worth $413,375,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in Cousins Properties by 67.4% in the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock worth $30,000 after buying an additional 395 shares during the last quarter. Larson Financial Group LLC grew its position in Cousins Properties by 49.7% in the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust's stock worth $39,000 after buying an additional 438 shares during the last quarter. Signaturefd LLC grew its position in Cousins Properties by 30.8% in the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust's stock worth $82,000 after buying an additional 651 shares during the last quarter. Quarry LP grew its position in Cousins Properties by 74.5% in the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust's stock worth $117,000 after buying an additional 1,697 shares during the last quarter. Finally, Blue Trust Inc. grew its position in Cousins Properties by 168.0% in the third quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust's stock worth $120,000 after buying an additional 2,543 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Cousins Properties Stock Down 0.0 %

Shares of NYSE:CUZ traded down $0.00 during trading on Wednesday, reaching $30.35. 982,225 shares of the company traded hands, compared to its average volume of 1,247,206. The firm has a fifty day simple moving average of $30.28 and a 200 day simple moving average of $29.85. The firm has a market cap of $5.09 billion, a P/E ratio of 101.23, a price-to-earnings-growth ratio of 3.85 and a beta of 1.29. Cousins Properties Incorporated has a 1-year low of $21.58 and a 1-year high of $32.55. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. Analysts anticipate that Cousins Properties Incorporated will post 2.74 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.22%. The ex-dividend date was Friday, January 3rd. Cousins Properties's payout ratio is presently 426.67%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CUZ shares. KeyCorp upgraded shares of Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price target on the stock in a research report on Tuesday, December 17th. Mizuho upgraded shares of Cousins Properties from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $22.00 to $30.00 in a research report on Tuesday, January 7th. Barclays lowered their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. BMO Capital Markets cut shares of Cousins Properties from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Finally, Truist Financial lifted their price objective on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.11.

Cousins Properties 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.