Versor Investments LP Cuts Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Versor Investments LP lowered its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 81.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 7,616 shares of the real estate investment trust's stock after selling 32,600 shares during the period. Versor Investments LP's holdings in Cousins Properties were worth $233,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in shares of Cousins Properties by 21.5% during the third quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust's stock valued at $51,580,000 after acquiring an additional 309,571 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Cousins Properties by 368.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust's stock worth $23,052,000 after buying an additional 615,118 shares during the last quarter. Jennison Associates LLC raised its stake in Cousins Properties by 15.9% during the third quarter. Jennison Associates LLC now owns 2,205,415 shares of the real estate investment trust's stock worth $65,016,000 after buying an additional 302,309 shares during the last quarter. Geode Capital Management LLC raised its stake in Cousins Properties by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust's stock worth $84,457,000 after buying an additional 36,727 shares during the last quarter. Finally, State Street Corp raised its stake in Cousins Properties by 0.6% during the third quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust's stock worth $224,251,000 after buying an additional 48,668 shares during the last quarter. Institutional investors own 94.38% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

CUZ has been the subject of a number of analyst reports. KeyCorp raised shares of Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 target price for the company in a research note on Tuesday, December 17th. Robert W. Baird lowered their target price on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Truist Financial lifted their target price on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Jefferies Financial Group raised shares of Cousins Properties from a "hold" rating to a "buy" rating and lifted their target price for the stock from $33.00 to $36.00 in a research note on Thursday, January 2nd. Finally, StockNews.com downgraded shares of Cousins Properties from a "hold" rating to a "sell" rating in a research note on Thursday, January 9th. One investment 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's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $33.00.

Cousins Properties Stock Up 0.7 %

Shares of NYSE CUZ traded up $0.21 during mid-day trading on Friday, reaching $29.22. 1,505,369 shares of the company's stock traded hands, compared to its average volume of 1,318,629. The stock has a market cap of $4.90 billion, a P/E ratio of 97.38, a PEG ratio of 2.98 and a beta of 1.28. The business has a 50-day simple moving average of $30.15 and a 200 day simple moving average of $30.10. Cousins Properties Incorporated has a 1-year low of $21.58 and a 1-year high of $32.55. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its quarterly earnings data 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%. On average, analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date was Friday, January 3rd. Cousins Properties's dividend payout ratio is currently 426.67%.

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.