Robeco Institutional Asset Management B.V. Cuts Stake in Cousins Properties Incorporated (NYSE:CUZ)

Robeco Institutional Asset Management B.V. decreased its holdings in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 18.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 72,161 shares of the real estate investment trust's stock after selling 16,738 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Cousins Properties were worth $2,129,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Cousins Properties by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust's stock valued at $759,936,000 after acquiring an additional 985,934 shares during the last quarter. APG Asset Management US Inc. lifted its holdings in shares of Cousins Properties by 0.3% in the 4th quarter. APG Asset Management US Inc. now owns 7,853,306 shares of the real estate investment trust's stock valued at $240,625,000 after acquiring an additional 19,657 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in shares of Cousins Properties by 11.7% in the 4th quarter. Centersquare Investment Management LLC now owns 5,600,905 shares of the real estate investment trust's stock valued at $171,612,000 after acquiring an additional 585,659 shares during the last quarter. Resolution Capital Ltd bought a new position in shares of Cousins Properties in the 4th quarter valued at about $135,094,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Cousins Properties by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 3,072,221 shares of the real estate investment trust's stock valued at $94,160,000 after acquiring an additional 208,044 shares during the last quarter. Institutional investors own 94.38% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on CUZ shares. Wall Street Zen raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Evercore ISI raised their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Jefferies Financial Group started coverage on shares of Cousins Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $35.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Finally, Truist Financial downgraded shares of Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research note on Wednesday. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $32.40.

Cousins Properties Stock Up 1.9%

CUZ stock traded up $0.56 during trading on Friday, hitting $30.15. 1,389,308 shares of the company's stock traded hands, compared to its average volume of 1,342,146. The firm has a market capitalization of $5.06 billion, a P/E ratio of 91.36, a PEG ratio of 2.78 and a beta of 1.33. The business has a fifty day simple moving average of $28.84 and a two-hundred day simple moving average of $29.13. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62. Cousins Properties Incorporated has a 1 year low of $22.47 and a 1 year high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. The company had revenue of $6.81 million for the quarter, compared to analyst estimates of $238.49 million. Cousins Properties had a net margin of 5.97% and a return on equity of 1.15%. Cousins Properties's revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company posted $0.65 earnings per share. Sell-side analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, July 7th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend is Monday, July 7th. Cousins Properties's payout ratio is 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.