Van ECK Associates Corp Acquires 7,119 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Van ECK Associates Corp increased its position in Cousins Properties Incorporated (NYSE:CUZ) by 24.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,162 shares of the real estate investment trust’s stock after purchasing an additional 7,119 shares during the period. Van ECK Associates Corp’s holdings in Cousins Properties were worth $1,108,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Cousins Properties by 21.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust’s stock worth $51,580,000 after purchasing an additional 309,571 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in 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 worth $23,052,000 after buying an additional 615,118 shares during the last quarter. Jennison Associates LLC raised its position in Cousins Properties by 15.9% in the 3rd quarter. Jennison Associates LLC now owns 2,205,415 shares of the real estate investment trust’s stock worth $65,016,000 after buying an additional 302,309 shares during the last quarter. Geode Capital Management LLC raised its position in Cousins Properties by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock worth $84,457,000 after buying an additional 36,727 shares during the last quarter. Finally, State Street Corp raised its position in Cousins Properties by 0.6% in the 3rd quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock worth $224,251,000 after buying an additional 48,668 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Trading Down 0.9 %

Shares of NYSE:CUZ opened at $30.09 on Friday. Cousins Properties Incorporated has a 52-week low of $21.58 and a 52-week high of $32.55. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 100.30, a PEG ratio of 2.98 and a beta of 1.29. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. The business has a 50-day moving average price of $30.27 and a 200-day moving average price of $29.91.

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 the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Equities analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%.

Analyst Ratings Changes

A number of equities analysts have weighed in on CUZ shares. Mizuho raised Cousins Properties from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $22.00 to $30.00 in a research report on Tuesday, January 7th. StockNews.com lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Wells Fargo & Company upped their price target on shares of Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Truist Financial upped their price target on shares of Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Robert W. Baird upped their price target on shares of Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.11.

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.