Keeler Thomas Management LLC Decreases Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Keeler Thomas Management LLC reduced its position in Cousins Properties Incorporated (NYSE:CUZ) by 22.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 97,201 shares of the real estate investment trust’s stock after selling 27,345 shares during the period. Keeler Thomas Management LLC owned 0.06% of Cousins Properties worth $2,978,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CUZ. Massachusetts Financial Services Co. MA lifted its holdings 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 valued at $68,907,000 after purchasing an additional 2,276,986 shares during the last quarter. Rush Island Management LP purchased a new stake in shares of Cousins Properties in the 3rd quarter valued at about $46,393,000. Principal Financial Group Inc. lifted its holdings in shares of Cousins Properties by 11.1% in the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust’s stock valued at $413,375,000 after purchasing an additional 1,350,352 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Cousins Properties by 411.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,113,403 shares of the real estate investment trust’s stock valued at $32,823,000 after purchasing an additional 895,917 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new stake in shares of Cousins Properties in the 3rd quarter valued at about $20,276,000. 94.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. StockNews.com downgraded Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. KeyCorp raised Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective for the company in a research note on Tuesday, December 17th. Truist Financial upped their price objective on Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Jefferies Financial Group raised Cousins Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $33.00 to $36.00 in a research note on Thursday, January 2nd. Finally, BMO Capital Markets downgraded Cousins Properties from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $31.00 to $32.00 in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Cousins Properties currently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

Cousins Properties Stock Performance

NYSE CUZ opened at $30.17 on Tuesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The business’s 50 day moving average is $30.26 and its two-hundred day moving average is $29.97. Cousins Properties Incorporated has a 12-month low of $21.58 and a 12-month high of $32.55. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 100.55, a PEG ratio of 2.98 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last released 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%. Research analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date was Friday, January 3rd. Cousins Properties’s dividend payout ratio is currently 426.67%.

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.