Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 64.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 99,850 shares of the real estate investment trust's stock after purchasing an additional 39,064 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of Cousins Properties worth $3,059,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its stake in shares of Cousins Properties by 21.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust's stock worth $51,580,000 after buying an additional 309,571 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Cousins Properties by 368.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust's stock valued at $23,052,000 after acquiring an additional 615,118 shares during the period. Jennison Associates LLC boosted its position in Cousins Properties by 15.9% in 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 purchasing an additional 302,309 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Cousins Properties by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust's stock valued at $84,457,000 after purchasing an additional 36,727 shares during the period. Finally, State Street Corp increased its position in shares of Cousins Properties by 0.6% during the 3rd quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust's stock valued at $224,251,000 after purchasing an additional 48,668 shares during the last quarter. Institutional investors own 94.38% of the company's stock.
Cousins Properties Price Performance
Shares of NYSE:CUZ traded up $0.29 during trading on Wednesday, hitting $29.81. 474,535 shares of the company's stock were exchanged, compared to its average volume of 1,367,390. The business's 50-day simple moving average is $29.92 and its 200 day simple moving average is $30.17. 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 Incorporated has a 52-week low of $21.58 and a 52-week high of $32.55. The company has a market cap of $5.00 billion, a price-to-earnings ratio of 99.38, a PEG ratio of 2.98 and a beta of 1.28.
Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) 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%. As a group, equities analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current year.
Cousins Properties Announces Dividend
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 given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.29%. Cousins Properties's dividend payout ratio (DPR) is 426.67%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on CUZ shares. BMO Capital Markets downgraded shares of Cousins Properties from an "outperform" rating to a "market perform" rating and raised their price objective for the stock from $31.00 to $32.00 in a report on Tuesday, December 3rd. Barclays dropped their price target on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Mizuho upgraded Cousins Properties from an "underperform" rating to a "neutral" rating and upped their price objective for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. KeyCorp upgraded Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 target price on the stock in a research report on Tuesday, December 17th. Finally, Jefferies Financial Group assumed coverage on Cousins Properties in a research report on Monday. They issued a "buy" rating and a $35.00 price target for the company. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Cousins Properties currently has a consensus rating of "Moderate Buy" and an average target price of $32.89.
Read Our Latest Stock Report on CUZ
About Cousins Properties
(
Free Report)
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.
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