Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by Strs Ohio

Strs Ohio decreased its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 15.5% during the 4th quarter, according to its most recent 13F filing with the Securities and 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 filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CUZ. Norges Bank acquired a new position in shares of Cousins Properties during the 4th quarter valued at $38,681,000. Morgan Stanley increased its stake in Cousins Properties by 114.1% during the 3rd quarter. Morgan Stanley now owns 2,143,922 shares of the real estate investment trust’s stock worth $43,672,000 after buying an additional 1,142,746 shares during the period. State Street Corp increased its stake in Cousins Properties by 14.1% during the 1st quarter. State Street Corp now owns 8,217,746 shares of the real estate investment trust’s stock worth $331,093,000 after buying an additional 1,015,078 shares during the period. Millennium Management LLC purchased a new stake in Cousins Properties during the 4th quarter worth $18,873,000. Finally, Vanguard Group Inc. increased its stake in Cousins Properties by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 22,680,320 shares of the real estate investment trust’s stock worth $461,998,000 after buying an additional 670,381 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Price Performance

Shares of NYSE:CUZ opened at $21.90 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.54. 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 50-day simple moving average of $23.12 and a 200 day simple moving average of $22.01. The company has a market cap of $3.33 billion, a PE ratio of 39.81, a P/E/G ratio of 5.96 and a beta of 1.27.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.53). Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. The business had revenue of $197.00 million for the quarter, compared to the consensus estimate of $198.47 million. During the same period in the prior year, the company earned $0.66 EPS. Cousins Properties’s quarterly revenue was up 1.2% on a year-over-year basis. On average, sell-side analysts anticipate that Cousins Properties Incorporated will post 2.61 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, April 4th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.85%. The ex-dividend date was Wednesday, April 3rd. Cousins Properties’s dividend payout ratio is presently 232.73%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Barclays dropped their target price on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, March 27th. Finally, Truist Financial dropped their target price on shares of Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, January 16th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $23.29.

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.