Vanderbilt University Sells 9,019 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Vanderbilt University lessened its stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 35.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,115 shares of the real estate investment trust's stock after selling 9,019 shares during the period. Vanderbilt University's holdings in Cousins Properties were worth $475,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Arizona State Retirement System raised its position in Cousins Properties by 0.8% in the 4th quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust's stock worth $1,353,000 after purchasing an additional 366 shares during the last quarter. Quarry LP raised its position in Cousins Properties by 9.4% in the 4th quarter. Quarry LP now owns 4,351 shares of the real estate investment trust's stock worth $133,000 after purchasing an additional 375 shares during the last quarter. Norinchukin Bank The raised its position in Cousins Properties by 7.5% in the 4th quarter. Norinchukin Bank The now owns 7,393 shares of the real estate investment trust's stock worth $227,000 after purchasing an additional 513 shares during the last quarter. Deutsche Bank AG raised its position in Cousins Properties by 0.5% in the 4th quarter. Deutsche Bank AG now owns 110,867 shares of the real estate investment trust's stock worth $3,397,000 after purchasing an additional 521 shares during the last quarter. Finally, FIL Ltd raised its position in shares of Cousins Properties by 24.6% during the 4th quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust's stock valued at $100,000 after acquiring an additional 643 shares during the last quarter. Institutional investors own 94.38% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CUZ shares. Wall Street Zen raised Cousins Properties from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Truist Financial decreased their price objective on Cousins Properties from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Robert W. Baird decreased their price objective on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. 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. 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 issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $32.20.

Cousins Properties Stock Performance

CUZ stock opened at $30.50 on Friday. The business's 50-day moving average price is $28.14 and its two-hundred day moving average price is $29.18. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62. The firm has a market cap of $5.12 billion, a PE ratio of 92.43, a P/E/G ratio of 2.85 and a beta of 1.32. Cousins Properties Incorporated has a 1-year low of $22.16 and a 1-year high of $32.55.

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

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, July 7th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.20%. Cousins Properties's dividend payout ratio (DPR) is 387.88%.

About Cousins Properties

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.

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