Transatlantique Private Wealth LLC Sells 5,515 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Transatlantique Private Wealth LLC lowered its stake in Cousins Properties Incorporated (NYSE:CUZ) by 25.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,021 shares of the real estate investment trust’s stock after selling 5,515 shares during the quarter. Transatlantique Private Wealth LLC’s holdings in Cousins Properties were worth $371,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CUZ. Thrivent Financial for Lutherans grew its stake in shares of Cousins Properties by 145.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 146,227 shares of the real estate investment trust’s stock worth $3,385,000 after acquiring an additional 86,690 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of Cousins Properties by 23.0% in the 2nd quarter. Sei Investments Co. now owns 167,029 shares of the real estate investment trust’s stock valued at $3,867,000 after buying an additional 31,251 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Cousins Properties in the second quarter valued at $1,296,000. Intech Investment Management LLC bought a new stake in Cousins Properties during the second quarter worth $464,000. Finally, MQS Management LLC acquired a new position in shares of Cousins Properties during the 2nd quarter worth about $557,000. 94.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CUZ shares. Wells Fargo & Company upped their price objective on Cousins Properties from $26.00 to $31.00 and gave the company an “overweight” rating in a research note on Wednesday, September 11th. Truist Financial lifted their price objective on shares of Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Robert W. Baird increased their price objective on shares of Cousins Properties from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Barclays raised their target price on shares of Cousins Properties from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Finally, Evercore ISI upped their price target on shares of Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.29.

Cousins Properties Trading Down 0.2 %

CUZ stock opened at $29.35 on Friday. Cousins Properties Incorporated has a 52 week low of $17.40 and a 52 week high of $29.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.03 and a current ratio of 1.03. The company’s 50-day simple moving average is $27.32 and its 200 day simple moving average is $24.58. The company has a market capitalization of $4.46 billion, a PE ratio of 59.90, a price-to-earnings-growth ratio of 4.73 and a beta of 1.31.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.61). The business had revenue of $212.98 million for the quarter, compared to the consensus estimate of $208.18 million. Cousins Properties had a return on equity of 1.31% and a net margin of 7.25%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period in the prior year, the business posted $2.75 earnings per share. As a group, sell-side analysts anticipate that Cousins Properties Incorporated will post 2.67 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.36%. Cousins Properties’s payout ratio is 261.22%.

Insider Transactions at Cousins Properties

In related news, CAO Jeffrey D. Symes sold 5,997 shares of Cousins Properties stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $28.13, for a total value of $168,695.61. Following the transaction, the chief accounting officer now directly owns 12,529 shares of the company’s stock, valued at $352,440.77. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.

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.