Cousins Properties Incorporated (NYSE:CUZ) Stock Holdings Raised by Comerica Bank

Comerica Bank grew its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 41.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,075 shares of the real estate investment trust's stock after buying an additional 23,273 shares during the period. Comerica Bank owned 0.05% of Cousins Properties worth $2,423,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in shares of Cousins Properties by 1,609.3% during the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 869 shares during the period. UMB Bank n.a. increased its stake in Cousins Properties by 67.4% in the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 395 shares during the last quarter. FIL Ltd lifted its position in Cousins Properties by 24.6% during the fourth quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust's stock worth $100,000 after buying an additional 643 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Cousins Properties by 473.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust's stock worth $127,000 after buying an additional 3,551 shares during the last quarter. Finally, Quarry LP grew its holdings in Cousins Properties by 9.4% in the 4th quarter. Quarry LP now owns 4,351 shares of the real estate investment trust's stock valued at $133,000 after buying an additional 375 shares during the period. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Stock Up 1.0 %

NYSE CUZ traded up $0.28 on Friday, reaching $28.09. The company had a trading volume of 784,181 shares, compared to its average volume of 1,250,082. 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 Incorporated has a 1 year low of $22.01 and a 1 year high of $32.55. The firm has a 50-day moving average of $27.98 and a 200-day moving average of $29.66. The firm has a market capitalization of $4.72 billion, a PE ratio of 93.63, a P/E/G ratio of 2.98 and a beta of 1.34.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. The business had revenue of $6.81 million during the quarter, compared to the consensus estimate of $238.49 million. During the same period in the prior year, the firm earned $0.65 earnings per share. The business's quarterly revenue was up 16.4% compared to the same quarter last year. On average, equities research analysts anticipate 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, April 15th. Stockholders of record on Thursday, April 3rd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend was Thursday, April 3rd. Cousins Properties's payout ratio is 387.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CUZ shares. Robert W. Baird decreased their target price on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Barclays decreased their price target on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Jefferies Financial Group started coverage on Cousins Properties in a report on Monday, March 17th. They set a "buy" rating and a $35.00 price objective for the company. Wolfe Research raised Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a research report on Monday, April 7th. Finally, StockNews.com raised Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $32.70.

About Cousins Properties

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.