Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 15.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP raised its position in Cousins Properties by 9.4% in the fourth 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 during the period. GF Fund Management CO. LTD. increased its position in shares of Cousins Properties by 14.8% during the first quarter. GF Fund Management CO. LTD. now owns 3,175 shares of the real estate investment trust's stock worth $94,000 after acquiring an additional 410 shares during the period. Norinchukin Bank The increased its position in shares of Cousins Properties by 7.5% during the fourth quarter. Norinchukin Bank The now owns 7,393 shares of the real estate investment trust's stock worth $227,000 after acquiring an additional 513 shares during the period. Deutsche Bank AG increased its position in shares of Cousins Properties by 0.5% during the fourth quarter. Deutsche Bank AG now owns 110,867 shares of the real estate investment trust's stock worth $3,397,000 after acquiring an additional 521 shares during the period. Finally, FIL Ltd increased its position 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 acquiring an additional 643 shares during the period. Hedge funds and other institutional investors own 94.38% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CUZ. Wolfe Research raised Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a report on Monday, April 7th. Truist Financial lowered Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 target price 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 research note on Thursday, May 8th. Evercore ISI lifted 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. Finally, Mizuho boosted their target price on Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a report on Monday. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.50.

Cousins Properties Stock Performance

Shares of NYSE:CUZ traded down $0.01 during trading on Friday, reaching $28.16. 471,162 shares of the company's stock traded hands, compared to its average volume of 1,355,653. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.89 and a quick ratio of 0.89. Cousins Properties Incorporated has a 12 month low of $24.02 and a 12 month high of $32.55. The company has a 50 day moving average of $29.04 and a 200-day moving average of $29.05. The stock has a market capitalization of $4.73 billion, a P/E ratio of 85.30, a price-to-earnings-growth ratio of 2.68 and a beta of 1.33.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 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 firm had revenue of $6.81 million during the quarter, compared to analysts' expectations of $238.49 million. During the same quarter in the prior year, the firm earned $0.65 EPS. Cousins Properties's quarterly revenue was up 16.4% on a year-over-year basis. On average, equities analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

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