Pictet Asset Management Holding SA Has $1.62 Million Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Pictet Asset Management Holding SA lifted its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 7.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 52,701 shares of the real estate investment trust’s stock after buying an additional 3,488 shares during the period. Pictet Asset Management Holding SA’s holdings in Cousins Properties were worth $1,615,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CUZ. Jones Financial Companies Lllp boosted its position in Cousins Properties by 1,609.3% in the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 869 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 395 shares in the last quarter. Quarry LP grew its position in Cousins Properties by 74.5% during the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 1,697 shares during the last quarter. BankPlus Trust Department acquired a new position in Cousins Properties in the 4th quarter worth about $142,000. Finally, Assetmark Inc. raised its position in Cousins Properties by 15.3% in the fourth quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 794 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Stock Down 4.2 %

Shares of Cousins Properties stock opened at $26.01 on Friday. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 86.70, a PEG ratio of 2.98 and a beta of 1.24. The stock’s 50-day moving average is $29.72 and its 200 day moving average is $30.21. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. Cousins Properties Incorporated has a one year low of $21.58 and a one year high of $32.55.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, topping the consensus estimate of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. Equities research analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.92%. Cousins Properties’s dividend payout ratio is currently 426.67%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CUZ. KeyCorp raised Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective for the company in a research note on Tuesday, December 17th. Jefferies Financial Group assumed coverage on shares of Cousins Properties in a report on Monday, March 17th. They set a “buy” rating and a $35.00 price target on the stock. Barclays decreased 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 cut their target price on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Finally, Mizuho raised Cousins Properties from an “underperform” rating to a “neutral” rating and increased their price target for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.89.

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.