DekaBank Deutsche Girozentrale Sells 1,626 Shares of Cousins Properties Incorporated (NYSE:CUZ)

DekaBank Deutsche Girozentrale trimmed its stake in Cousins Properties Incorporated (NYSE:CUZ) by 4.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,883 shares of the real estate investment trust’s stock after selling 1,626 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Cousins Properties were worth $778,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue grew its stake in shares of Cousins Properties by 0.6% in the 1st quarter. State of Alaska Department of Revenue now owns 88,588 shares of the real estate investment trust’s stock valued at $2,128,000 after buying an additional 486 shares during the period. Retirement Systems of Alabama increased its holdings in shares of Cousins Properties by 0.3% during the first quarter. Retirement Systems of Alabama now owns 190,589 shares of the real estate investment trust’s stock valued at $4,582,000 after acquiring an additional 498 shares in the last quarter. Treasurer of the State of North Carolina raised its position in shares of Cousins Properties by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 67,107 shares of the real estate investment trust’s stock worth $1,634,000 after purchasing an additional 650 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Cousins Properties by 5.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,952 shares of the real estate investment trust’s stock worth $369,000 after purchasing an additional 769 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its position in Cousins Properties by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 133,620 shares of the real estate investment trust’s stock valued at $3,093,000 after purchasing an additional 790 shares during the period. 94.38% of the stock is owned by institutional investors.

Cousins Properties Trading Up 0.9 %

NYSE CUZ opened at $29.41 on Friday. The business’s fifty day moving average is $27.22 and its 200-day moving average is $24.53. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 60.02, a PEG ratio of 4.73 and a beta of 1.31. Cousins Properties Incorporated has a one year low of $17.40 and a one year high of $29.77.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.61). Cousins Properties had a net margin of 7.25% and a return on equity of 1.31%. The company had revenue of $212.98 million during the quarter, compared to analysts’ expectations of $208.18 million. During the same quarter in the previous year, the firm earned $2.75 earnings per share. The firm’s revenue was up 4.2% compared to the same quarter last year. Equities research analysts predict that Cousins Properties Incorporated will post 2.67 EPS for the current year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend is Thursday, October 3rd. Cousins Properties’s dividend payout ratio is currently 261.22%.

Insider Buying and Selling at Cousins Properties

In related news, CAO Jeffrey D. Symes sold 5,997 shares of Cousins Properties stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $28.13, for a total value of $168,695.61. Following the completion of the sale, the chief accounting officer now owns 12,529 shares of the company’s stock, valued at approximately $352,440.77. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Barclays upped their price objective on shares of Cousins Properties from $25.00 to $30.00 and gave the stock an “overweight” rating in a report on Tuesday, July 30th. Truist Financial raised their price target on shares of Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Evercore ISI lifted their price target on Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a research note on Monday. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. Finally, Robert W. Baird lifted their target price on Cousins Properties from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Cousins Properties has an average rating of “Moderate Buy” and a consensus target price of $28.29.

Cousins Properties 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.