Strs Ohio lessened its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 288,379 shares of the real estate investment trust's stock after selling 53,070 shares during the quarter. Strs Ohio owned about 0.19% of Cousins Properties worth $7,022,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Cousins Properties by 5.1% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 179,037 shares of the real estate investment trust's stock worth $4,360,000 after acquiring an additional 8,738 shares in the last quarter. Lecap Asset Management Ltd. purchased a new stake in Cousins Properties during the 4th quarter worth approximately $589,000. Louisiana State Employees Retirement System purchased a new stake in Cousins Properties during the 4th quarter worth approximately $1,037,000. Koshinski Asset Management Inc. grew its position in Cousins Properties by 3.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 28,026 shares of the real estate investment trust's stock worth $682,000 after purchasing an additional 832 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its position in Cousins Properties by 12.4% during the 4th quarter. Mutual of America Capital Management LLC now owns 259,414 shares of the real estate investment trust's stock worth $6,317,000 after purchasing an additional 28,641 shares during the last quarter. Institutional investors own 94.38% of the company's stock.
Cousins Properties Stock Performance
Shares of CUZ traded up $0.14 during trading hours on Thursday, hitting $22.04. The stock had a trading volume of 740,505 shares, compared to its average volume of 1,610,137. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a 50-day moving average price of $23.12 and a 200 day moving average price of $22.01. Cousins Properties Incorporated has a fifty-two week low of $17.40 and a fifty-two week high of $25.19. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 39.81, a PEG ratio of 5.87 and a beta of 1.27.
Cousins Properties (NYSE:CUZ - Get Free Report) last posted its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.53). Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. The firm had revenue of $197.00 million during the quarter, compared to analyst estimates of $198.47 million. During the same quarter in the prior year, the firm earned $0.66 earnings per share. The business's revenue for the quarter was up 1.2% on a year-over-year basis. As a group, research analysts anticipate that Cousins Properties Incorporated will post 2.61 EPS for the current year.
Cousins Properties Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, April 4th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 5.81%. The ex-dividend date was Wednesday, April 3rd. Cousins Properties's dividend payout ratio is currently 232.73%.
Analyst Upgrades and Downgrades
CUZ has been the topic of several research analyst reports. Barclays dropped their target price on shares of Cousins Properties from $29.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 27th. Truist Financial dropped their price objective on shares of Cousins Properties from $27.00 to $26.00 and set a "buy" rating on the stock in a report on Tuesday, January 16th. Finally, StockNews.com raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $23.29.
Check Out Our Latest Analysis on CUZ
About Cousins Properties
(
Free Report)
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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