Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. decreased its stake in Cousins Properties Incorporated (NYSE:CUZ) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,262,180 shares of the real estate investment trust’s stock after selling 11,181 shares during the period. Duff & Phelps Investment Management Co. owned 0.80% of Cousins Properties worth $38,673,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CUZ. Jones Financial Companies Lllp grew its position in shares of Cousins Properties by 1,609.3% during the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 869 shares during the last quarter. UMB Bank n.a. raised its stake in 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 acquiring an additional 395 shares in the last quarter. Larson Financial Group LLC raised its stake in 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 acquiring an additional 438 shares in the last quarter. Quarry LP boosted its position in Cousins Properties by 74.5% during the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 1,697 shares during the period. Finally, BankPlus Trust Department bought a new position in shares of Cousins Properties in the fourth quarter worth $142,000. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Stock Performance

Shares of CUZ stock opened at $29.64 on Friday. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 98.79, a P/E/G ratio of 2.98 and a beta of 1.28. Cousins Properties Incorporated has a 1-year low of $21.58 and a 1-year high of $32.55. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The stock’s fifty day simple moving average is $29.97 and its 200-day simple moving average is $30.22.

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%. On average, sell-side analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be paid a $0.32 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.32%. Cousins Properties’s dividend payout ratio (DPR) is currently 426.67%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CUZ. Truist Financial increased their price target on Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. BMO Capital Markets cut shares of Cousins Properties from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Robert W. Baird reduced their price objective on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Barclays dropped their target price on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Finally, KeyCorp upgraded shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target on the stock in a research report on Tuesday, December 17th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Cousins Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.89.

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.