Vident Advisory LLC Cuts Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Vident Advisory LLC cut its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 41.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,543 shares of the real estate investment trust's stock after selling 34,145 shares during the quarter. Vident Advisory LLC's holdings in Cousins Properties were worth $1,457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its position in 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 valued at $28,000 after acquiring an additional 869 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of 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 purchasing an additional 395 shares during the period. FIL Ltd grew its holdings in shares of Cousins Properties by 24.6% in the fourth quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust's stock valued at $100,000 after purchasing an additional 643 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings 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 purchasing an additional 3,551 shares in the last quarter. Finally, Quarry LP increased its stake in Cousins Properties by 9.4% during the 4th quarter. Quarry LP now owns 4,351 shares of the real estate investment trust's stock worth $133,000 after buying an additional 375 shares during the period. Hedge funds and other institutional investors own 94.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Barclays cut their price target on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Wells Fargo & Company decreased their price objective on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Wolfe Research raised Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a research report on Monday, April 7th. Finally, Truist Financial reduced their target price on shares of Cousins Properties from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Cousins Properties currently has an average rating of "Moderate Buy" and a consensus price target of $32.20.

Cousins Properties Stock Up 3.0%

Shares of NYSE:CUZ traded up $0.81 during trading on Tuesday, hitting $27.81. 1,326,241 shares of the company were exchanged, compared to its average volume of 1,407,935. 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 Incorporated has a 12-month low of $22.01 and a 12-month high of $32.55. The stock has a market capitalization of $4.67 billion, a P/E ratio of 92.71, a PEG ratio of 2.98 and a beta of 1.34. The firm's 50 day moving average price is $27.71 and its 200-day moving average price is $29.41.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its 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. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. The firm had revenue of $6.81 million during the quarter, compared to analysts' expectations of $238.49 million. During the same period in the prior year, the firm earned $0.65 EPS. The business's revenue was up 16.4% on a year-over-year basis. On average, research analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.60%. The ex-dividend date was Thursday, April 3rd. Cousins Properties's 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.