Barclays PLC Has $2.62 Million Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Barclays PLC decreased its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 88,727 shares of the real estate investment trust’s stock after selling 840 shares during the quarter. Barclays PLC owned about 0.06% of Cousins Properties worth $2,616,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in Cousins Properties by 1.7% in the second quarter. Bank of New York Mellon Corp now owns 1,677,240 shares of the real estate investment trust’s stock valued at $38,828,000 after purchasing an additional 28,554 shares in the last quarter. Arkadios Wealth Advisors bought a new stake in Cousins Properties in the 2nd quarter valued at about $578,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its stake in Cousins Properties by 3.1% during the 2nd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 131,364 shares of the real estate investment trust’s stock worth $3,041,000 after buying an additional 4,000 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Cousins Properties by 27.9% in the second quarter. Commonwealth Equity Services LLC now owns 14,293 shares of the real estate investment trust’s stock worth $331,000 after acquiring an additional 3,120 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in Cousins Properties by 6.4% in the second quarter. Van ECK Associates Corp now owns 26,243 shares of the real estate investment trust’s stock valued at $608,000 after acquiring an additional 1,579 shares during the period. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Price Performance

Cousins Properties stock opened at $30.51 on Wednesday. Cousins Properties Incorporated has a 52 week low of $21.58 and a 52 week high of $32.55. The company’s 50 day moving average price is $31.02 and its two-hundred day moving average price is $28.12. The stock has a market cap of $4.82 billion, a P/E ratio of 92.45, a P/E/G ratio of 4.02 and a beta of 1.29. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). The business had revenue of $209.21 million for the quarter, compared to the consensus estimate of $212.54 million. Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.65 earnings per share. On average, equities analysts predict that Cousins Properties Incorporated will post 2.68 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, January 3rd will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.20%. Cousins Properties’s dividend payout ratio (DPR) is presently 387.88%.

Analyst Ratings Changes

A number of brokerages recently issued reports on CUZ. Barclays increased their target price on Cousins Properties from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Wells Fargo & Company lifted their price objective on shares of Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Evercore ISI boosted their target price on shares of Cousins Properties from $29.00 to $30.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Truist Financial raised 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, StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $33.14.

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.