Schroder Investment Management Group Sells 60,868 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Schroder Investment Management Group lessened its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,423,815 shares of the real estate investment trust's stock after selling 60,868 shares during the quarter. Schroder Investment Management Group owned approximately 0.90% of Cousins Properties worth $42,843,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in Cousins Properties by 1,609.3% during the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 869 shares during the period. UMB Bank n.a. grew its position in shares of Cousins Properties by 67.4% in the 4th 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. Quarry LP increased its stake in shares of Cousins Properties by 74.5% during the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust's stock valued at $117,000 after buying an additional 1,697 shares during the period. BankPlus Trust Department purchased a new position in shares of Cousins Properties during the fourth quarter valued at approximately $142,000. Finally, Assetmark Inc. raised its holdings in shares of Cousins Properties by 15.3% during the fourth quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust's stock valued at $184,000 after acquiring an additional 794 shares in the last quarter. Institutional investors own 94.38% of the company's stock.

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Wall Street Analyst Weigh In

Several research firms recently weighed in on CUZ. KeyCorp upgraded 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. StockNews.com raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th. Mizuho raised shares of Cousins Properties from an "underperform" rating to a "neutral" rating and raised their target price for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. Robert W. Baird dropped their price target on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Finally, Truist Financial raised their price objective on Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Cousins Properties presently has an average rating of "Moderate Buy" and an average price target of $32.89.

Cousins Properties Stock Down 7.9 %

Shares of Cousins Properties stock traded down $2.33 on Thursday, reaching $27.19. The company's stock had a trading volume of 1,460,287 shares, compared to its average volume of 1,242,495. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 90.62, a P/E/G ratio of 2.98 and a beta of 1.28. 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 Incorporated has a 52 week low of $21.58 and a 52 week high of $32.55. The firm's fifty day simple moving average is $29.81 and its two-hundred day simple moving average is $30.23.

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 for the quarter, topping analysts' consensus estimates of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Equities analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.32 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.71%. Cousins Properties's dividend payout ratio is presently 426.67%.

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.