Nisa Investment Advisors LLC Sells 8,914 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Nisa Investment Advisors LLC decreased its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 15.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,490 shares of the real estate investment trust's stock after selling 8,914 shares during the quarter. Nisa Investment Advisors LLC's holdings in Cousins Properties were worth $1,401,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Spire Wealth Management acquired a new position in shares of Cousins Properties during the 1st quarter valued at about $25,000. Jones Financial Companies Lllp boosted its holdings in 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 valued at $28,000 after acquiring an additional 869 shares during the period. GF Fund Management CO. LTD. bought a new position in shares of Cousins Properties in the fourth quarter worth about $85,000. FIL Ltd lifted its holdings in shares of Cousins Properties by 24.6% during the fourth quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust's stock worth $100,000 after buying an additional 643 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Cousins Properties by 473.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust's stock valued at $127,000 after acquiring an additional 3,551 shares during the period. Institutional investors own 94.38% of the company's stock.

Cousins Properties Price Performance

NYSE CUZ traded down $0.53 during trading hours on Thursday, reaching $28.19. 1,446,219 shares of the company's stock were exchanged, compared to its average volume of 1,357,697. The firm has a fifty day moving average of $29.03 and a 200-day moving average of $29.06. Cousins Properties Incorporated has a one year low of $24.02 and a one year high of $32.55. The stock has a market cap of $4.73 billion, a PE ratio of 85.44, a price-to-earnings-growth ratio of 2.68 and a beta of 1.33. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62.

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 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. Cousins Properties had a return on equity of 1.15% and a net margin of 5.97%. The company had revenue of $6.81 million for the quarter, compared to analyst estimates of $238.49 million. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The business's revenue was up 16.4% on a year-over-year basis. On average, equities research analysts predict 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 will be paid on Thursday, July 17th. Stockholders of record on Monday, July 7th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, July 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.54%. Cousins Properties's payout ratio is 387.88%.

Analyst Ratings Changes

CUZ has been the subject of several research analyst reports. Mizuho upped their target price on shares of Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a research note on Monday. Truist Financial lowered Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a research note on Wednesday, July 2nd. Evercore ISI raised their target price 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. Wolfe Research upgraded shares of 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. Finally, Wells Fargo & Company lowered their target price on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $32.50.

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.