US Bancorp DE Acquires 968 Shares of Cousins Properties Incorporated (NYSE:CUZ)

US Bancorp DE boosted its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,872 shares of the real estate investment trust’s stock after purchasing an additional 968 shares during the quarter. US Bancorp DE’s holdings in Cousins Properties were worth $609,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its stake in Cousins Properties by 3,768.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock worth $68,907,000 after acquiring an additional 2,276,986 shares during the last quarter. Rush Island Management LP purchased a new position in shares of Cousins Properties in the 3rd quarter worth approximately $46,393,000. Principal Financial Group Inc. boosted its holdings in shares of Cousins Properties by 11.1% in the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust’s stock worth $413,375,000 after purchasing an additional 1,350,352 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Cousins Properties by 411.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,113,403 shares of the real estate investment trust’s stock worth $32,823,000 after purchasing an additional 895,917 shares during the period. Finally, Wellington Management Group LLP purchased a new position in shares of Cousins Properties in the 3rd quarter worth approximately $20,276,000. Institutional investors own 94.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CUZ shares. BMO Capital Markets cut Cousins Properties from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $31.00 to $32.00 in a report on Tuesday, December 3rd. KeyCorp upgraded Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective for the company in a report on Tuesday, December 17th. Barclays dropped their price objective on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. Robert W. Baird decreased their target price on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Finally, Mizuho raised Cousins Properties from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $22.00 to $30.00 in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $33.00.

Cousins Properties Stock Down 0.1 %

CUZ opened at $28.24 on Wednesday. The business’s 50-day simple moving average is $30.12 and its 200-day simple moving average is $30.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. Cousins Properties Incorporated has a one year low of $21.58 and a one year high of $32.55. The stock has a market capitalization of $4.73 billion, a P/E ratio of 94.12, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) 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%. Analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.53%. Cousins Properties’s dividend payout ratio is currently 426.67%.

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.