Cousins Properties Incorporated (NYSE:CUZ) Stock Holdings Trimmed by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lessened its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 2.9% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,790,749 shares of the real estate investment trust's stock after selling 84,741 shares during the period. Massachusetts Financial Services Co. MA owned 1.66% of Cousins Properties worth $82,327,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CUZ. New York State Teachers Retirement System grew its position in Cousins Properties by 13.5% in the 1st quarter. New York State Teachers Retirement System now owns 166,446 shares of the real estate investment trust's stock valued at $4,910,000 after acquiring an additional 19,744 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Cousins Properties by 16.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,421 shares of the real estate investment trust's stock worth $278,000 after purchasing an additional 1,297 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Cousins Properties by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 1,384,847 shares of the real estate investment trust's stock worth $40,853,000 after purchasing an additional 12,131 shares during the last quarter. KBC Group NV lifted its stake in Cousins Properties by 25.3% during the first quarter. KBC Group NV now owns 7,554 shares of the real estate investment trust's stock worth $223,000 after purchasing an additional 1,527 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in Cousins Properties by 3.6% in the first quarter. Amalgamated Bank now owns 77,490 shares of the real estate investment trust's stock valued at $2,286,000 after buying an additional 2,673 shares during the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on CUZ. Mizuho boosted their price objective on Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Wall Street Zen raised Cousins Properties from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Wells Fargo & Company reduced their price objective on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Wolfe Research upgraded 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, Truist Financial downgraded Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a report on Wednesday, July 2nd. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $32.50.

Cousins Properties Stock Performance

Shares of CUZ traded up $0.05 during mid-day trading on Friday, hitting $28.22. The stock had a trading volume of 1,308,700 shares, compared to its average volume of 1,359,855. The company has a market cap of $4.74 billion, a PE ratio of 85.52, a PEG ratio of 2.63 and a beta of 1.33. The company's fifty day simple moving average is $29.04 and its two-hundred day simple moving average is $29.02. 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 fifty-two week low of $24.02 and a fifty-two week high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. The business had revenue of $6.81 million for the quarter, compared to the consensus estimate of $238.49 million. Cousins Properties had a return on equity of 1.15% and a net margin of 5.97%. The business's revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the business posted $0.65 EPS. On average, equities analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, July 7th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend was Monday, July 7th. Cousins Properties's dividend payout ratio (DPR) 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.