Charles Schwab Investment Management Inc. Has $78.02 Million Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Charles Schwab Investment Management Inc. cut its holdings in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 1.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,644,782 shares of the real estate investment trust's stock after selling 32,987 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.58% of Cousins Properties worth $78,021,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Choreo LLC grew its position in shares of Cousins Properties by 25.6% in the 1st quarter. Choreo LLC now owns 27,837 shares of the real estate investment trust's stock valued at $821,000 after purchasing an additional 5,681 shares during the period. New York State Teachers Retirement System grew its position in shares of Cousins Properties by 13.5% in the 1st quarter. New York State Teachers Retirement System now owns 166,446 shares of the real estate investment trust's stock valued at $4,910,000 after purchasing an additional 19,744 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Cousins Properties by 16.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,421 shares of the real estate investment trust's stock valued at $278,000 after purchasing an additional 1,297 shares during the period. Bank of New York Mellon Corp boosted its position in Cousins Properties by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,384,847 shares of the real estate investment trust's stock worth $40,853,000 after acquiring an additional 12,131 shares during the last quarter. Finally, KBC Group NV boosted its position in Cousins Properties by 25.3% during the 1st quarter. KBC Group NV now owns 7,554 shares of the real estate investment trust's stock worth $223,000 after acquiring an additional 1,527 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Stock Up 2.3%

CUZ opened at $28.23 on Thursday. Cousins Properties Incorporated has a 1-year low of $24.07 and a 1-year high of $32.55. The stock's fifty day simple moving average is $28.84 and its 200 day simple moving average is $28.69. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.72. The stock has a market cap of $4.74 billion, a PE ratio of 76.30, a price-to-earnings-growth ratio of 1.81 and a beta of 1.33.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share for the quarter, meeting analysts' consensus estimates of $0.70. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%. The business had revenue of $237.72 million for the quarter, compared to analysts' expectations of $243.73 million. During the same quarter in the prior year, the business earned $0.68 EPS. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. As a group, research analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, July 7th were given a dividend of $0.32 per share. The ex-dividend date was Monday, July 7th. This represents a $1.28 annualized dividend and a yield of 4.5%. Cousins Properties's dividend payout ratio (DPR) is presently 345.95%.

Wall Street Analyst Weigh In

CUZ has been the subject of a number of recent research reports. Evercore ISI upped their price target on Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Wall Street Zen downgraded Cousins Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Truist Financial downgraded Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 price target for the company. in a research report on Wednesday, July 2nd. Wells Fargo & Company cut their price objective on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Finally, Mizuho increased their price objective on Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a report on Monday, July 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $32.50.

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.

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