Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 37.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 428,031 shares of the real estate investment trust's stock after selling 259,747 shares during the quarter. Wellington Management Group LLP owned 0.25% of Cousins Properties worth $13,115,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CUZ. Rhumbline Advisers grew its holdings in Cousins Properties by 4.9% during the fourth quarter. Rhumbline Advisers now owns 466,850 shares of the real estate investment trust's stock worth $14,304,000 after acquiring an additional 21,939 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Cousins Properties by 7.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust's stock worth $82,047,000 after purchasing an additional 189,411 shares in the last quarter. KBC Group NV boosted its position in Cousins Properties by 23.2% in the 4th quarter. KBC Group NV now owns 6,027 shares of the real estate investment trust's stock worth $185,000 after purchasing an additional 1,135 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Cousins Properties by 24.5% during the 4th quarter. Van ECK Associates Corp now owns 36,162 shares of the real estate investment trust's stock worth $1,108,000 after purchasing an additional 7,119 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Cousins Properties by 13.9% during the 4th quarter. Asset Management One Co. Ltd. now owns 250,886 shares of the real estate investment trust's stock valued at $7,609,000 after purchasing an additional 30,600 shares in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Stock Performance

Shares of Cousins Properties stock traded down $0.09 during trading hours on Wednesday, hitting $28.58. 1,562,876 shares of the company were exchanged, compared to its average volume of 1,298,291. The business has a 50-day moving average of $27.50 and a 200-day moving average of $29.30. Cousins Properties Incorporated has a 1 year low of $22.16 and a 1 year high of $32.55. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 95.27, a P/E/G ratio of 2.98 and a beta of 1.34.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced 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 net margin of 5.36% and a return on equity of 1.00%. The company had revenue of $6.81 million during the quarter, compared to the consensus estimate of $238.49 million. Cousins Properties's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS. As a group, analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently announced 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 4.48%. The ex-dividend date of this dividend was Thursday, April 3rd. Cousins Properties's payout ratio is 387.88%.

Analyst Upgrades and Downgrades

Several analysts recently commented on CUZ shares. Wells Fargo & Company dropped their price target on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Truist Financial dropped their target price on Cousins Properties from $31.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Robert W. Baird dropped their price objective on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Evercore ISI increased their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Finally, 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 note on Monday, April 7th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.20.

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.