Cousins Properties Incorporated (NYSE:CUZ) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. lifted its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 59.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,466 shares of the real estate investment trust’s stock after buying an additional 2,409 shares during the quarter. Blue Trust Inc.’s holdings in Cousins Properties were worth $191,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Creative Planning lifted its position in shares of Cousins Properties by 7.9% during the 2nd quarter. Creative Planning now owns 21,528 shares of the real estate investment trust’s stock valued at $498,000 after acquiring an additional 1,575 shares during the period. Sanctuary Advisors LLC acquired a new position in Cousins Properties during the second quarter worth $530,000. Handelsbanken Fonder AB boosted its position in Cousins Properties by 14.0% during the third quarter. Handelsbanken Fonder AB now owns 36,620 shares of the real estate investment trust’s stock worth $1,080,000 after purchasing an additional 4,500 shares in the last quarter. CWM LLC grew its holdings in Cousins Properties by 74.6% in the third quarter. CWM LLC now owns 4,298 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 1,836 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Cousins Properties by 13.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,470 shares of the real estate investment trust’s stock valued at $839,000 after buying an additional 3,298 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Truist Financial lifted their target price on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Wells Fargo & Company upped their target price on Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. BMO Capital Markets downgraded Cousins Properties from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $31.00 to $32.00 in a research report on Tuesday, December 3rd. StockNews.com cut Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Finally, Mizuho raised Cousins Properties from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cousins Properties currently has a consensus rating of “Moderate Buy” and an average target price of $33.11.

Cousins Properties Stock Performance

Cousins Properties stock opened at $30.01 on Wednesday. The stock’s 50-day moving average is $30.42 and its 200-day moving average is $29.58. Cousins Properties Incorporated has a 12 month low of $21.58 and a 12 month high of $32.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 90.92, a price-to-earnings-growth ratio of 3.94 and a beta of 1.29.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s payout ratio is 387.88%.

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.