Cousins Properties Incorporated (NYSE:CUZ) Shares Purchased by Securian Asset Management Inc.

Securian Asset Management Inc. raised its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,678 shares of the real estate investment trust’s stock after buying an additional 848 shares during the period. Securian Asset Management Inc.’s holdings in Cousins Properties were worth $388,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CUZ. Jones Financial Companies Lllp boosted its position in shares of Cousins Properties by 1,609.3% during the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 869 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 395 shares in the last quarter. Larson Financial Group LLC boosted its position in shares of Cousins Properties by 49.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 438 shares in the last quarter. Quarry LP boosted its position in shares of Cousins Properties by 74.5% during the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 1,697 shares in the last quarter. Finally, BankPlus Trust Department bought a new position in shares of Cousins Properties during the 4th quarter valued at about $142,000. Institutional investors and hedge funds own 94.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CUZ shares. BMO Capital Markets lowered shares of Cousins Properties from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $31.00 to $32.00 in a research report on Tuesday, December 3rd. KeyCorp upgraded shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 target price for the company in a report on Tuesday, December 17th. Truist Financial raised their target price on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Mizuho upgraded shares of Cousins Properties from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $22.00 to $30.00 in a report on Tuesday, January 7th. Finally, Robert W. Baird decreased their target price on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.89.

Cousins Properties Stock Performance

CUZ stock opened at $29.52 on Wednesday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market cap of $4.95 billion, a P/E ratio of 98.41, a P/E/G ratio of 2.98 and a beta of 1.28. The firm has a 50 day simple moving average of $29.92 and a 200 day simple moving average of $30.17. Cousins Properties Incorporated has a 52 week low of $21.58 and a 52 week high of $32.55.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, topping the consensus estimate of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. Research analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.34%. Cousins Properties’s payout ratio is presently 426.67%.

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.