Nomura Holdings Inc. Purchases New Stake in Cousins Properties Incorporated (NYSE:CUZ)

Nomura Holdings Inc. purchased a new stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 40,338 shares of the real estate investment trust's stock, valued at approximately $1,236,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CUZ. Rhumbline Advisers grew its holdings in Cousins Properties by 4.9% during the 4th 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 last quarter. Charles Schwab Investment Management Inc. grew its holdings in Cousins Properties by 7.6% during 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 acquiring an additional 189,411 shares during the last quarter. KBC Group NV grew its holdings in Cousins Properties by 23.2% during the 4th quarter. KBC Group NV now owns 6,027 shares of the real estate investment trust's stock worth $185,000 after acquiring an additional 1,135 shares during the last quarter. Van ECK Associates Corp grew its holdings in 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 acquiring an additional 7,119 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of Cousins Properties by 13.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 250,886 shares of the real estate investment trust's stock worth $7,609,000 after purchasing an additional 30,600 shares during the period. 94.38% of the stock is owned by institutional investors.

Cousins Properties Stock Up 1.0%

Shares of Cousins Properties stock traded up $0.28 during trading on Friday, reaching $27.00. 2,904,439 shares of the company traded hands, compared to its average volume of 1,277,855. 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 1-year low of $22.01 and a 1-year high of $32.55. The company has a 50 day moving average price of $27.77 and a 200-day moving average price of $29.45. The firm has a market capitalization of $4.53 billion, a PE ratio of 89.99, a P/E/G ratio of 2.98 and a beta of 1.34.

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

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.28 annualized dividend and a yield of 4.74%. Cousins Properties's payout ratio is 387.88%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CUZ. 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. Barclays dropped their price target on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Wolfe Research upgraded shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Monday, April 7th. Evercore ISI boosted their price target on shares of 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, Wall Street Zen upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Cousins Properties currently has an average rating of "Moderate Buy" and an average target price 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.