Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lessened its stake in Cousins Properties Incorporated (NYSE:CUZ) by 10.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 417,124 shares of the real estate investment trust’s stock after selling 47,300 shares during the quarter. UniSuper Management Pty Ltd owned approximately 0.26% of Cousins Properties worth $12,781,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CUZ. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Cousins Properties by 12.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,507 shares of the real estate investment trust’s stock worth $3,376,000 after purchasing an additional 11,845 shares during the last quarter. Corebridge Financial Inc. raised its holdings in shares of Cousins Properties by 5.2% during the fourth quarter. Corebridge Financial Inc. now owns 189,262 shares of the real estate investment trust’s stock valued at $5,799,000 after acquiring an additional 9,355 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Cousins Properties by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust’s stock valued at $759,936,000 after acquiring an additional 985,934 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Cousins Properties by 53.2% in the fourth quarter. LPL Financial LLC now owns 23,149 shares of the real estate investment trust’s stock worth $709,000 after acquiring an additional 8,035 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Cousins Properties during the fourth quarter worth approximately $925,000. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Stock Down 1.0 %

Shares of NYSE CUZ opened at $29.64 on Friday. Cousins Properties Incorporated has a 1 year low of $21.58 and a 1 year high of $32.55. The company has a market capitalization of $4.98 billion, a P/E ratio of 98.79, a P/E/G ratio of 2.98 and a beta of 1.28. The company has a 50 day simple moving average of $29.97 and a 200-day simple moving average of $30.22. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. On average, equities research analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Thursday, April 3rd. Cousins Properties’s dividend payout ratio is presently 426.67%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CUZ shares. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target on the stock in a research note on Tuesday, December 17th. Mizuho raised shares of Cousins Properties from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. Barclays decreased their target price on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Finally, Truist Financial upped their price target on Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $32.89.

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.