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

Bank of New York Mellon Corp raised its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 0.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,384,847 shares of the real estate investment trust's stock after buying an additional 12,131 shares during the period. Bank of New York Mellon Corp owned about 0.82% of Cousins Properties worth $40,853,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CUZ. Jones Financial Companies Lllp increased its stake in shares of Cousins Properties by 1,609.3% during the fourth 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 in the last quarter. Victory Capital Management Inc. boosted its holdings in Cousins Properties by 15.2% in the 4th quarter. Victory Capital Management Inc. now owns 78,011 shares of the real estate investment trust's stock valued at $2,390,000 after purchasing an additional 10,283 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in Cousins Properties in the 4th quarter valued at about $724,000. Amundi boosted its holdings in Cousins Properties by 34.2% in the 4th quarter. Amundi now owns 113,716 shares of the real estate investment trust's stock valued at $3,366,000 after purchasing an additional 28,965 shares during the last quarter. Finally, Securian Asset Management Inc. lifted its holdings in shares of Cousins Properties by 7.2% in the 4th quarter. Securian Asset Management Inc. now owns 12,678 shares of the real estate investment trust's stock worth $388,000 after acquiring an additional 848 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Truist Financial lowered shares of Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a report on Wednesday, July 2nd. Wall Street Zen upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Evercore ISI raised their target price on shares of Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Wells Fargo & Company dropped their target price on shares of 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 boosted their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $32.50.

Cousins Properties Trading Down 0.0%

Cousins Properties stock traded down $0.01 during trading on Friday, reaching $28.16. The company had a trading volume of 471,162 shares, compared to its average volume of 1,355,653. Cousins Properties Incorporated has a 12-month low of $24.02 and a 12-month high of $32.55. The stock's 50 day moving average price is $29.04 and its two-hundred day moving average price is $29.05. The firm has a market capitalization of $4.73 billion, a price-to-earnings ratio of 85.30, a PEG ratio of 2.68 and a beta of 1.33. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.89 and a current ratio of 0.89.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. Cousins Properties had a net margin of 5.97% and a return on equity of 1.15%. The company had revenue of $6.81 million during the quarter, compared to the consensus estimate of $238.49 million. During the same period in the previous year, the firm earned $0.65 earnings per share. Cousins Properties's revenue for the quarter was up 16.4% on a year-over-year basis. As a group, equities analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, July 7th were given a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.28 dividend on an annualized basis and a yield of 4.55%. Cousins Properties's dividend payout ratio is presently 387.88%.

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.