Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by Swedbank AB

Swedbank AB lowered its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 15.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 496,819 shares of the real estate investment trust's stock after selling 87,546 shares during the quarter. Swedbank AB owned 0.33% of Cousins Properties worth $14,646,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CUZ. Cerity Partners LLC acquired a new position in shares of Cousins Properties in the 3rd quarter valued at about $584,000. Charles Schwab Investment Management Inc. increased its stake in Cousins Properties by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,488,358 shares of the real estate investment trust's stock valued at $73,357,000 after buying an additional 82,521 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Cousins Properties by 3,768.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust's stock worth $68,907,000 after buying an additional 2,276,986 shares in the last quarter. Foundry Partners LLC acquired a new stake in shares of Cousins Properties during the 3rd quarter valued at $8,876,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Cousins Properties by 297.9% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 522,712 shares of the real estate investment trust's stock valued at $15,409,000 after acquiring an additional 391,348 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Insider Activity

In related news, CAO Jeffrey D. Symes sold 5,997 shares of Cousins Properties stock in a transaction dated 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 owns 12,529 shares in the company, valued at $352,440.77. This trade represents a 32.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Evercore ISI lifted their target price on shares of Cousins Properties from $29.00 to $30.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. Robert W. Baird raised their target price on Cousins Properties from $31.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. StockNews.com raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Monday, November 4th. Truist Financial boosted their price target on shares of Cousins Properties from $26.00 to $30.00 and gave the company a "buy" rating in a report on Friday, August 30th. Finally, Barclays boosted their target price on Cousins Properties from $30.00 to $35.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $31.50.

Cousins Properties Stock Up 1.8 %

Shares of CUZ stock traded up $0.56 during trading hours on Wednesday, reaching $32.32. The company had a trading volume of 300,923 shares, compared to its average volume of 1,297,578. Cousins Properties Incorporated has a 12 month low of $19.48 and a 12 month high of $32.55. 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 has a fifty day simple moving average of $30.50 and a 200-day simple moving average of $27.06. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 96.21, a price-to-earnings-growth ratio of 4.25 and a beta of 1.29.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $209.21 million for the quarter, compared to the consensus estimate of $212.54 million. During the same quarter in the previous year, the business earned $0.65 earnings per share. The firm's revenue was up 5.2% on a year-over-year basis. On average, research analysts expect that Cousins Properties Incorporated will post 2.68 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.96%. Cousins Properties's dividend payout ratio is currently 387.88%.

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.