The Manufacturers Life Insurance Company Has $3.63 Million Position in Cousins Properties Incorporated (NYSE:CUZ)

The Manufacturers Life Insurance Company lessened its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 3.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 123,078 shares of the real estate investment trust’s stock after selling 4,642 shares during the period. The Manufacturers Life Insurance Company owned 0.08% of Cousins Properties worth $3,628,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of Cousins Properties by 130.8% in the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 858 shares during the last quarter. Larson Financial Group LLC lifted its stake in Cousins Properties by 49.7% in the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 438 shares during the period. Signaturefd LLC boosted its holdings in Cousins Properties by 30.8% during the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 651 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Cousins Properties during the 2nd quarter worth about $115,000. Finally, CWM LLC increased its stake in shares of Cousins Properties by 74.6% in the 3rd quarter. CWM LLC now owns 4,298 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 1,836 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CUZ. Wells Fargo & Company lifted their price objective on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Truist Financial boosted their price target on shares of Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 30th. Barclays raised their price objective on Cousins Properties from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, October 10th. BMO Capital Markets cut Cousins Properties from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Finally, Evercore ISI raised their price target 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. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Cousins Properties has an average rating of “Moderate Buy” and an average target price of $31.57.

Cousins Properties Price Performance

CUZ stock opened at $30.67 on Friday. The stock has a market cap of $4.67 billion, a PE ratio of 92.94, a price-to-earnings-growth ratio of 4.10 and a beta of 1.29. The stock has a 50-day moving average price of $30.77 and a two-hundred day moving average price of $27.45. Cousins Properties Incorporated has a 1 year low of $21.58 and a 1 year high of $32.55. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60.

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

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, October 3rd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.17%. The ex-dividend date was Thursday, October 3rd. Cousins Properties’s payout ratio is 387.88%.

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.