Cousins Properties Incorporated (NYSE:CUZ) Shares Purchased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its position in Cousins Properties Incorporated (NYSE:CUZ) by 13.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,886 shares of the real estate investment trust’s stock after purchasing an additional 30,600 shares during the period. Asset Management One Co. Ltd. owned about 0.16% of Cousins Properties worth $7,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its stake in shares of Cousins Properties by 67.4% in the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 395 shares during the period. Larson Financial Group LLC lifted its holdings in Cousins Properties by 49.7% during 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 purchasing an additional 438 shares in the last quarter. Signaturefd LLC lifted 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 valued at $82,000 after purchasing an additional 651 shares in the last quarter. Quarry LP lifted its holdings in Cousins Properties by 74.5% during the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 1,697 shares in the last quarter. Finally, Blue Trust Inc. lifted its holdings in Cousins Properties by 168.0% during the third quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 2,543 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on CUZ shares. Robert W. Baird increased their price objective on shares of Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. StockNews.com downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Wells Fargo & Company increased their price objective on shares of Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Truist Financial raised their price target on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target on the stock in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.11.

Cousins Properties Price Performance

Cousins Properties stock opened at $29.93 on Tuesday. Cousins Properties Incorporated has a 12-month low of $21.58 and a 12-month high of $32.55. The stock has a market cap of $4.73 billion, a P/E ratio of 99.75, a PEG ratio of 3.95 and a beta of 1.29. The company has a 50-day moving average price of $30.28 and a 200 day moving average price of $29.85. 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 announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating 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%. Sell-side analysts anticipate that Cousins Properties Incorporated will post 2.73 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s dividend payout ratio is presently 426.67%.

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.