Thrivent Financial for Lutherans Trims Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Thrivent Financial for Lutherans cut its holdings in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 62.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 53,741 shares of the real estate investment trust's stock after selling 90,142 shares during the period. Thrivent Financial for Lutherans' holdings in Cousins Properties were worth $1,647,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Rush Island Management LP bought a new position in Cousins Properties in the 3rd quarter worth about $46,393,000. Principal Financial Group Inc. increased its holdings in Cousins Properties by 11.1% during the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust's stock worth $413,375,000 after acquiring an additional 1,350,352 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Cousins Properties by 411.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,113,403 shares of the real estate investment trust's stock worth $32,823,000 after purchasing an additional 895,917 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Cousins Properties in the fourth quarter worth $25,148,000. Finally, Wellington Management Group LLP purchased a new position in Cousins Properties during the third quarter worth about $20,276,000. Institutional investors own 94.38% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CUZ shares. KeyCorp raised shares of Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price target for the company in a research note on Tuesday, December 17th. StockNews.com upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research report on Tuesday, March 18th. Robert W. Baird decreased their price target on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Jefferies Financial Group started coverage on shares of Cousins Properties in a report on Monday, March 17th. They issued a "buy" rating and a $35.00 price objective for the company. Finally, Barclays cut their price target on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.89.

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Cousins Properties Trading Down 0.3 %

CUZ stock traded down $0.08 during trading on Wednesday, reaching $29.32. The company had a trading volume of 89,244 shares, compared to its average volume of 1,372,181. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market cap of $4.92 billion, a P/E ratio of 97.73, a PEG ratio of 2.98 and a beta of 1.28. The business has a 50 day moving average of $29.89 and a 200 day moving average of $30.25. Cousins Properties Incorporated has a 52 week low of $21.58 and a 52 week high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its quarterly 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%. As a group, sell-side analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently disclosed 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 4.37%. Cousins Properties's dividend payout ratio is currently 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.