Cousins Properties Incorporated (NYSE:CUZ) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 0.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,384,847 shares of the real estate investment trust's stock after purchasing an additional 12,131 shares during the period. Bank of New York Mellon Corp owned approximately 0.82% of Cousins Properties worth $40,853,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. GF Fund Management CO. LTD. lifted its stake in shares of Cousins Properties by 14.8% in the first quarter. GF Fund Management CO. LTD. now owns 3,175 shares of the real estate investment trust's stock valued at $94,000 after purchasing an additional 410 shares during the period. Aaron Wealth Advisors LLC acquired a new stake in shares of Cousins Properties in the first quarter valued at about $209,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Cousins Properties by 13.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 35,785 shares of the real estate investment trust's stock valued at $1,056,000 after purchasing an additional 4,295 shares during the period. New York State Teachers Retirement System lifted its stake in shares of Cousins Properties by 13.5% in the first 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. Finally, Amalgamated Bank lifted its stake in shares of Cousins Properties by 3.6% in the first quarter. Amalgamated Bank now owns 77,490 shares of the real estate investment trust's stock valued at $2,286,000 after purchasing an additional 2,673 shares during the period. Institutional investors and hedge funds own 94.38% of the company's stock.

Analyst Upgrades and Downgrades

CUZ has been the subject of several recent analyst reports. Evercore ISI raised their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Wall Street Zen upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Mizuho lifted their target price on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a research report on Monday. Truist Financial cut shares of Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a research report on Wednesday, July 2nd. Finally, Wolfe Research upgraded shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a research report on Monday, April 7th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $32.50.

Cousins Properties Trading Down 0.1%

Shares of NYSE:CUZ traded down $0.03 during trading on Wednesday, reaching $28.72. The stock had a trading volume of 1,313,664 shares, compared to its average volume of 1,357,336. The business has a fifty day moving average price of $29.03 and a 200-day moving average price of $29.06. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62. The stock has a market cap of $4.82 billion, a P/E ratio of 87.02, a PEG ratio of 2.68 and a beta of 1.33. Cousins Properties Incorporated has a fifty-two week low of $24.02 and a fifty-two week high of $32.55.

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 for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. Cousins Properties had a net margin of 5.97% and a return on equity of 1.15%. The business had revenue of $6.81 million during the quarter, compared to analyst estimates of $238.49 million. During the same quarter in the previous year, the business posted $0.65 earnings per share. The company's revenue was up 16.4% on a year-over-year basis. As a group, analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, July 7th will be issued a $0.32 dividend. The ex-dividend date is Monday, July 7th. This represents a $1.28 dividend on an annualized basis and a yield of 4.46%. Cousins Properties's 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.