Daiwa Securities Group Inc. Has $1.10 Million Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Daiwa Securities Group Inc. trimmed its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 3.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 47,477 shares of the real estate investment trust’s stock after selling 1,793 shares during the period. Daiwa Securities Group Inc.’s holdings in Cousins Properties were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CUZ. Truist Financial Corp raised its position in Cousins Properties by 5.3% during the fourth quarter. Truist Financial Corp now owns 15,558 shares of the real estate investment trust’s stock valued at $379,000 after buying an additional 781 shares during the period. Victory Capital Management Inc. raised its position in Cousins Properties by 12.8% during the fourth quarter. Victory Capital Management Inc. now owns 33,475 shares of the real estate investment trust’s stock valued at $815,000 after buying an additional 3,804 shares during the period. Principal Securities Inc. purchased a new position in Cousins Properties in the fourth quarter valued at about $31,000. QRG Capital Management Inc. purchased a new position in Cousins Properties in the fourth quarter valued at about $397,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Cousins Properties by 4.2% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 94,051 shares of the real estate investment trust’s stock valued at $2,246,000 after purchasing an additional 3,813 shares in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Stock Performance

CUZ opened at $29.43 on Monday. The company has a market cap of $4.48 billion, a PE ratio of 60.06, a price-to-earnings-growth ratio of 4.73 and a beta of 1.31. The stock has a 50-day moving average of $26.73 and a 200-day moving average of $24.37. Cousins Properties Incorporated has a 52-week low of $17.40 and a 52-week high of $29.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.61). The company had revenue of $212.98 million for the quarter, compared to the consensus estimate of $208.18 million. Cousins Properties had a return on equity of 1.31% and a net margin of 7.25%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.75 EPS. As a group, equities research analysts forecast that Cousins Properties Incorporated will post 2.67 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Wednesday, July 3rd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend was Wednesday, July 3rd. Cousins Properties’s dividend payout ratio (DPR) is currently 261.22%.

Insider Buying and Selling at Cousins Properties

In other Cousins Properties news, CAO Jeffrey D. Symes sold 5,997 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $28.13, for a total value of $168,695.61. Following the sale, the chief accounting officer now owns 12,529 shares of the company’s stock, valued at approximately $352,440.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wells Fargo & Company boosted their target price on Cousins Properties from $26.00 to $31.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Barclays boosted their target price on Cousins Properties from $25.00 to $30.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Robert W. Baird boosted their target price on Cousins Properties from $29.00 to $31.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, Evercore ISI restated an “in-line” rating and issued a $29.00 target price on shares of Cousins Properties in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Cousins Properties currently has a consensus rating of “Moderate Buy” and an average target price of $28.14.

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.