Thrivent Financial for Lutherans Sells 2,344 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Thrivent Financial for Lutherans lessened its position in Cousins Properties Incorporated (NYSE:CUZ) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,883 shares of the real estate investment trust’s stock after selling 2,344 shares during the quarter. Thrivent Financial for Lutherans owned 0.09% of Cousins Properties worth $4,242,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Swedbank AB bought a new position in Cousins Properties in the 1st quarter worth $14,306,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Cousins Properties by 368.7% in the 3rd 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 purchasing an additional 615,118 shares during the period. AXA S.A. bought a new stake in shares of Cousins Properties during the second quarter valued at approximately $597,000. Point72 DIFC Ltd increased its stake in shares of Cousins Properties by 240.7% in the 2nd quarter. Point72 DIFC Ltd now owns 29,757 shares of the real estate investment trust’s stock worth $689,000 after acquiring an additional 21,022 shares in the last quarter. Finally, Assetmark Inc. grew its holdings in Cousins Properties by 19,163.0% in the third quarter. Assetmark Inc. now owns 5,201 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 5,174 shares during the period. 94.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CUZ shares. Truist Financial upped their target price on shares of Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Barclays increased their price target on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Wells Fargo & Company upped their price objective on Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Evercore ISI raised their target price on Cousins Properties from $29.00 to $30.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Finally, Robert W. Baird upped their price objective on Cousins Properties from $31.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

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 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 completion of the transaction, the chief accounting officer now owns 12,529 shares in the company, valued at approximately $352,440.77. This trade represents a 32.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by insiders.

Cousins Properties Stock Up 0.6 %

Shares of CUZ opened at $31.72 on Monday. Cousins Properties Incorporated has a 52-week low of $19.48 and a 52-week high of $32.44. The company has a market cap of $4.83 billion, a PE ratio of 96.12, a P/E/G ratio of 4.20 and a beta of 1.29. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average of $30.40 and a 200 day moving average of $26.95.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.60). Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The business had revenue of $209.21 million for the quarter, compared to the consensus estimate of $212.54 million. During the same quarter last year, the business posted $0.65 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, sell-side analysts expect that Cousins Properties Incorporated will post 2.68 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.04%. Cousins Properties’s payout ratio is currently 387.88%.

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.