Cousins Properties Incorporated (NYSE:CUZ) Shares Acquired by Nuveen Asset Management LLC

Nuveen Asset Management LLC boosted its holdings in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 807,492 shares of the real estate investment trust's stock after buying an additional 47,040 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.51% of Cousins Properties worth $24,742,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in shares of Cousins Properties by 1,609.3% in the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 869 shares during the period. UMB Bank n.a. increased its holdings in Cousins Properties by 67.4% in the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 395 shares in the last quarter. FIL Ltd lifted its position 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 valued at $100,000 after acquiring an additional 643 shares during the period. CIBC Private Wealth Group LLC grew its holdings in shares of Cousins Properties by 473.5% in 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 acquiring an additional 3,551 shares during the period. Finally, Quarry LP increased its stake in Cousins Properties by 9.4% in the 4th quarter. Quarry LP now owns 4,351 shares of the real estate investment trust's stock valued at $133,000 after purchasing an additional 375 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Wall Street Analyst Weigh In

CUZ has been the topic of several research reports. Wall Street Zen raised Cousins Properties from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Barclays lowered their price target on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Jefferies Financial Group assumed coverage on Cousins Properties in a research report on Monday, March 17th. They set a "buy" rating and a $35.00 price objective for the company. Robert W. Baird dropped their price target on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. Finally, Wells Fargo & Company reduced their price objective on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. 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 has a consensus rating of "Moderate Buy" and a consensus price target of $32.20.

Cousins Properties Trading Down 0.5%

CUZ stock traded down $0.13 on Wednesday, hitting $27.72. 352,277 shares of the company were exchanged, compared to its average volume of 1,405,130. Cousins Properties Incorporated has a twelve month low of $22.01 and a twelve month high of $32.55. The business's fifty day moving average is $27.67 and its two-hundred day moving average is $29.40. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 92.39, a price-to-earnings-growth ratio of 2.98 and a beta of 1.34. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74.

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

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd were issued a $0.32 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.28 annualized dividend and a yield of 4.62%. Cousins Properties's dividend payout ratio is currently 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.