National Bank of Canada FI Invests $1.56 Million in Cousins Properties Incorporated (NYSE:CUZ)

National Bank of Canada FI acquired a new position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 63,300 shares of the real estate investment trust's stock, valued at approximately $1,564,000.

Several other large investors have also bought and sold shares of the business. New York State Teachers Retirement System grew its stake in shares of Cousins Properties by 1.2% during the third quarter. New York State Teachers Retirement System now owns 164,764 shares of the real estate investment trust's stock worth $3,356,000 after buying an additional 2,021 shares during the last quarter. Jennison Associates LLC increased its holdings in Cousins Properties by 0.5% in the 3rd quarter. Jennison Associates LLC now owns 713,227 shares of the real estate investment trust's stock worth $14,528,000 after purchasing an additional 3,290 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Cousins Properties by 19.2% in the 3rd quarter. Teacher Retirement System of Texas now owns 97,022 shares of the real estate investment trust's stock worth $1,976,000 after purchasing an additional 15,609 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Cousins Properties by 6.2% in the third quarter. Nisa Investment Advisors LLC now owns 61,779 shares of the real estate investment trust's stock valued at $1,258,000 after purchasing an additional 3,626 shares during the last quarter. Finally, Duality Advisers LP acquired a new stake in shares of Cousins Properties during the third quarter valued at about $658,000. 94.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CUZ. Barclays lowered their price objective on Cousins Properties from $29.00 to $25.00 and set an "overweight" rating for the company in a research note on Wednesday, March 27th. StockNews.com downgraded shares of Cousins Properties from a "hold" rating to a "sell" rating in a research note on Tuesday, May 7th. Finally, Truist Financial reduced their price objective on shares of Cousins Properties from $27.00 to $26.00 and set a "buy" rating on the stock in a research note on Tuesday, January 16th. Three equities research analysts have rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $23.67.

Insider Buying and Selling

In related news, CFO Gregg D. Adzema sold 71,097 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $23.31, for a total transaction of $1,657,271.07. Following the transaction, the chief financial officer now directly owns 85,872 shares of the company's stock, valued at $2,001,676.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by insiders.

Cousins Properties Trading Down 0.1 %

Shares of NYSE CUZ traded down $0.02 during midday trading on Wednesday, reaching $24.04. The stock had a trading volume of 1,140,584 shares, compared to its average volume of 1,560,075. The company's 50 day moving average price is $23.15 and its 200 day moving average price is $22.63. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.07 and a current ratio of 1.07. Cousins Properties Incorporated has a twelve month low of $17.40 and a twelve month high of $25.19. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 49.05, a price-to-earnings-growth ratio of 5.14 and a beta of 1.27.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its earnings results on Friday, April 26th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.54). Cousins Properties had a return on equity of 1.62% and a net margin of 9.15%. The firm had revenue of $209.20 million for the quarter, compared to the consensus estimate of $199.35 million. During the same period in the prior year, the business earned $0.65 EPS. Cousins Properties's quarterly revenue was up 4.2% on a year-over-year basis. As a group, sell-side analysts expect that Cousins Properties Incorporated will post 2.63 EPS for the current year.

Cousins Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, April 4th were paid a dividend of $0.32 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $1.28 annualized dividend and a yield of 5.33%. Cousins Properties's dividend payout ratio is currently 261.22%.

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.