Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC lessened its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 463,546 shares of the real estate investment trust's stock after selling 36,673 shares during the quarter. Hsbc Holdings PLC owned approximately 0.29% of Cousins Properties worth $14,203,000 at the end of the most recent quarter.

Other large 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. lifted its stake in shares of Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 395 shares during the period. FIL Ltd lifted its stake in shares of Cousins Properties by 24.6% during the 4th quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust's stock worth $100,000 after purchasing an additional 643 shares during the period. CIBC Private Wealth Group LLC lifted its stake in shares of Cousins Properties by 473.5% during 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 purchasing an additional 3,551 shares during the period. Finally, BankPlus Trust Department purchased a new position in shares of Cousins Properties in the 4th quarter worth $142,000. Hedge funds and other institutional investors own 94.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CUZ shares. Barclays cut their target price on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Robert W. Baird cut their target price on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. StockNews.com raised Cousins Properties from a "sell" rating to a "hold" rating in a research report on Wednesday. Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $22.00 to $30.00 in a research report on Tuesday, January 7th. Finally, 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. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $32.70.

Cousins Properties Stock Up 0.9 %

Shares of NYSE CUZ traded up $0.24 during midday trading on Thursday, reaching $27.78. 1,544,832 shares of the company's stock were exchanged, compared to its average volume of 1,249,071. 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 Incorporated has a 52-week low of $22.01 and a 52-week high of $32.55. The business's fifty day moving average price is $28.28 and its two-hundred day moving average price is $29.84. The stock has a market capitalization of $4.66 billion, a PE ratio of 92.59, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.61%. The ex-dividend date was Thursday, April 3rd. Cousins Properties's payout ratio is 426.67%.

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.