Cousins Properties Incorporated (NYSE:CUZ) Holdings Increased by Rhumbline Advisers

Rhumbline Advisers grew its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 4.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 466,850 shares of the real estate investment trust’s stock after buying an additional 21,939 shares during the quarter. Rhumbline Advisers owned about 0.30% of Cousins Properties worth $14,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. raised its position in shares of Cousins Properties by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust’s stock worth $357,910,000 after buying an additional 458,387 shares in the last quarter. State Street Corp grew its stake in shares of Cousins Properties by 0.6% in the 3rd quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock worth $224,251,000 after purchasing an additional 48,668 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Cousins Properties by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock worth $84,457,000 after purchasing an additional 36,727 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Cousins Properties by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,488,358 shares of the real estate investment trust’s stock worth $73,357,000 after purchasing an additional 82,521 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Cousins Properties by 3,768.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock worth $68,907,000 after purchasing an additional 2,276,986 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Stock Performance

Shares of CUZ opened at $30.09 on Friday. The company’s 50 day moving average price is $30.27 and its 200 day moving average price is $29.93. Cousins Properties Incorporated has a 52 week low of $21.58 and a 52 week high of $32.55. The company has a market capitalization of $5.05 billion, a PE ratio of 100.30, a PEG ratio of 2.98 and a beta of 1.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74.

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, beating analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. Research analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. BMO Capital Markets cut shares of Cousins Properties from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Mizuho raised shares of Cousins Properties from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. Wells Fargo & Company lifted their price objective on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Jefferies Financial Group raised shares of Cousins Properties from a “hold” rating to a “buy” rating and lifted their target price for the stock from $33.00 to $36.00 in a research report on Thursday, January 2nd. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Cousins Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.11.

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.