BNP Paribas Financial Markets Has $2.24 Million Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

BNP Paribas Financial Markets lessened its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 35.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,070 shares of the real estate investment trust's stock after selling 40,011 shares during the period. BNP Paribas Financial Markets' holdings in Cousins Properties were worth $2,239,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Rhumbline Advisers grew its stake in Cousins Properties by 4.9% in the 4th quarter. Rhumbline Advisers now owns 466,850 shares of the real estate investment trust's stock valued at $14,304,000 after buying an additional 21,939 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Cousins Properties by 7.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust's stock valued at $82,047,000 after acquiring an additional 189,411 shares during the period. KBC Group NV grew its position in shares of Cousins Properties by 23.2% in the fourth quarter. KBC Group NV now owns 6,027 shares of the real estate investment trust's stock valued at $185,000 after purchasing an additional 1,135 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Cousins Properties by 24.5% in the fourth quarter. Van ECK Associates Corp now owns 36,162 shares of the real estate investment trust's stock valued at $1,108,000 after purchasing an additional 7,119 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in shares of Cousins Properties by 13.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 250,886 shares of the real estate investment trust's stock worth $7,609,000 after purchasing an additional 30,600 shares during the period. Institutional investors own 94.38% of the company's stock.

Wall Street Analysts Forecast Growth

CUZ has been the subject of several recent analyst reports. StockNews.com upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Wolfe Research upgraded Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Monday, April 7th. Robert W. Baird lowered their price objective on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Truist Financial dropped their target price on shares of Cousins Properties from $31.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, Jefferies Financial Group began coverage on shares of Cousins Properties in a report on Monday, March 17th. They issued a "buy" rating and a $35.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Cousins Properties presently has an average rating of "Moderate Buy" and an average target price of $32.20.

Cousins Properties Stock Performance

CUZ stock traded down $0.62 during midday trading on Thursday, hitting $26.32. The stock had a trading volume of 153,633 shares, compared to its average volume of 1,258,003. Cousins Properties Incorporated has a 52 week low of $22.01 and a 52 week high of $32.55. 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 stock has a 50-day simple moving average of $27.87 and a 200 day simple moving average of $29.52. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 87.79, a P/E/G ratio of 2.98 and a beta of 1.34.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. The company had revenue of $6.81 million during the quarter, compared to the consensus estimate of $238.49 million. During the same period last year, the firm earned $0.65 EPS. The firm's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date was Thursday, April 3rd. Cousins Properties's dividend 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.