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

Thrivent Financial for Lutherans increased its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 145.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 146,227 shares of the real estate investment trust’s stock after acquiring an additional 86,690 shares during the period. Thrivent Financial for Lutherans owned approximately 0.10% of Cousins Properties worth $3,385,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in shares of Cousins Properties by 2.0% during the first quarter. Vanguard Group Inc. now owns 23,353,228 shares of the real estate investment trust’s stock worth $561,412,000 after buying an additional 456,251 shares during the period. Centersquare Investment Management LLC boosted its position in shares of Cousins Properties by 8.9% during the first quarter. Centersquare Investment Management LLC now owns 4,898,757 shares of the real estate investment trust’s stock worth $112,377,000 after buying an additional 399,468 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of Cousins Properties by 49.2% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,781,184 shares of the real estate investment trust’s stock worth $67,722,000 after buying an additional 916,508 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Cousins Properties by 4.6% during the second 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 during the period. Finally, Jennison Associates LLC boosted its position in shares of Cousins Properties by 75.6% during the first quarter. Jennison Associates LLC now owns 1,917,908 shares of the real estate investment trust’s stock worth $46,107,000 after buying an additional 825,547 shares during the period. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Cousins Properties Stock Down 0.8 %

Cousins Properties stock opened at $29.28 on Monday. Cousins Properties Incorporated has a 1-year low of $17.40 and a 1-year high of $30.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market cap of $4.45 billion, a PE ratio of 59.76, a P/E/G ratio of 4.90 and a beta of 1.31. The stock’s fifty day moving average is $27.82 and its two-hundred day moving average is $24.80.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.61). Cousins Properties had a net margin of 7.25% and a return on equity of 1.31%. The business had revenue of $212.98 million during 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. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts expect that Cousins Properties Incorporated will post 2.67 EPS 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 given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Thursday, October 3rd. Cousins Properties’s dividend payout ratio (DPR) is currently 261.22%.

Insider Transactions at Cousins Properties

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

Analyst Upgrades and Downgrades

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