Sumitomo Mitsui Trust Group Inc. Has $14.62 Million Stake in Cousins Properties Incorporated (NYSE:CUZ)

Sumitomo Mitsui Trust Group Inc. decreased its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 39.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 477,144 shares of the real estate investment trust’s stock after selling 304,803 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.30% of Cousins Properties worth $14,620,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Sanctuary Advisors LLC acquired a new position in shares of Cousins Properties in the 2nd quarter valued at approximately $530,000. CWM LLC raised its position 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 buying an additional 1,836 shares in the last quarter. Creative Planning raised its position in shares of Cousins Properties by 36.2% in the 3rd quarter. Creative Planning now owns 29,316 shares of the real estate investment trust’s stock valued at $864,000 after buying an additional 7,788 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Cousins Properties by 13.1% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,470 shares of the real estate investment trust’s stock valued at $839,000 after buying an additional 3,298 shares in the last quarter. Finally, Capital Investment Advisors LLC raised its position in shares of Cousins Properties by 4.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 327,276 shares of the real estate investment trust’s stock valued at $9,648,000 after buying an additional 13,679 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Trading Down 1.2 %

CUZ opened at $30.37 on Thursday. Cousins Properties Incorporated has a fifty-two week low of $21.58 and a fifty-two week high of $32.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 101.23, a PEG ratio of 3.95 and a beta of 1.29. The company’s 50 day moving average price is $30.32 and its two-hundred day moving average price is $29.77.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.03%. As a group, research analysts predict that Cousins Properties Incorporated will post 2.73 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Friday, January 3rd. Cousins Properties’s dividend payout ratio is currently 426.67%.

Analyst Ratings Changes

Several equities analysts have recently commented on CUZ shares. Barclays dropped their target price on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Wells Fargo & Company upped their price objective on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. BMO Capital Markets cut shares of Cousins Properties from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Jefferies Financial Group upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and upped their price objective for the stock from $33.00 to $36.00 in a research report on Thursday, January 2nd. Finally, StockNews.com cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Cousins Properties has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

Cousins Properties Company 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.