Mutual of America Capital Management LLC Cuts Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Mutual of America Capital Management LLC decreased its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 244,816 shares of the real estate investment trust’s stock after selling 4,738 shares during the quarter. Mutual of America Capital Management LLC owned 0.16% of Cousins Properties worth $5,667,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Cousins Properties by 4.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,214,595 shares of the real estate investment trust’s stock worth $51,266,000 after buying an additional 98,222 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Cousins Properties during the second quarter worth $1,399,000. Federated Hermes Inc. raised its stake in shares of Cousins Properties by 2.2% in the second quarter. Federated Hermes Inc. now owns 23,534 shares of the real estate investment trust’s stock valued at $545,000 after acquiring an additional 501 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in Cousins Properties in the second quarter valued at $239,000. Finally, Jupiter Asset Management Ltd. grew its stake in Cousins Properties by 484.3% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 205,519 shares of the real estate investment trust’s stock worth $4,758,000 after purchasing an additional 170,348 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Insider Activity at Cousins Properties

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

Cousins Properties Stock Down 0.2 %

CUZ stock opened at $29.35 on Friday. The company’s 50 day moving average is $27.32 and its two-hundred day moving average is $24.58. Cousins Properties Incorporated has a twelve month low of $17.40 and a twelve month high of $29.77. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.58. The stock has a market cap of $4.46 billion, a P/E ratio of 59.90, a PEG ratio of 4.73 and a beta of 1.31.

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

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Thursday, October 3rd. Cousins Properties’s payout ratio is currently 261.22%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CUZ shares. Wells Fargo & Company increased their price target on Cousins Properties from $26.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, September 11th. Robert W. Baird raised their target price on shares of Cousins Properties from $29.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. Barclays lifted their price target on shares of Cousins Properties from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Truist Financial increased their price objective on shares of Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Evercore ISI lifted their price objective on shares of Cousins Properties from $29.00 to $30.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.29.

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.