Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by US Bancorp DE

US Bancorp DE lowered its stake in Cousins Properties Incorporated (NYSE:CUZ) by 21.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,635 shares of the real estate investment trust’s stock after selling 1,275 shares during the period. US Bancorp DE’s holdings in Cousins Properties were worth $99,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Sei Investments Co. increased its holdings in shares of Cousins Properties by 340.2% in the 4th quarter. Sei Investments Co. now owns 620,319 shares of the real estate investment trust’s stock valued at $15,688,000 after acquiring an additional 479,411 shares during the last quarter. Palisade Capital Management LP increased its holdings in shares of Cousins Properties by 5.3% in the 1st quarter. Palisade Capital Management LP now owns 1,067,598 shares of the real estate investment trust’s stock valued at $22,825,000 after acquiring an additional 53,798 shares during the last quarter. MAI Capital Management purchased a new position in shares of Cousins Properties in the 4th quarter valued at about $267,000. Bleakley Financial Group LLC purchased a new position in shares of Cousins Properties in the 4th quarter valued at about $657,000. Finally, First Trust Advisors LP increased its holdings in shares of Cousins Properties by 336.8% in the 4th quarter. First Trust Advisors LP now owns 198,688 shares of the real estate investment trust’s stock valued at $5,025,000 after acquiring an additional 153,198 shares during the last quarter.

Cousins Properties Trading Down 0.7 %

NYSE:CUZ opened at $23.50 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.53. The business’s 50 day moving average is $23.19 and its two-hundred day moving average is $22.19. Cousins Properties Incorporated has a 52 week low of $18.06 and a 52 week high of $28.77. The company has a market cap of $3.57 billion, a PE ratio of 23.74, a P/E/G ratio of 2.66 and a beta of 1.16.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Thursday, July 6th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 5.45%. The ex-dividend date of this dividend was Wednesday, July 5th. Cousins Properties’s dividend payout ratio is presently 129.29%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Truist Financial dropped their price objective on Cousins Properties from $28.00 to $27.00 in a report on Thursday, July 6th. Evercore ISI raised their price target on Cousins Properties from $25.00 to $28.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 16th. Barclays boosted their target price on Cousins Properties from $28.00 to $29.00 and gave the company an “overweight” rating in a report on Friday, August 25th. Finally, StockNews.com began coverage on Cousins Properties in a research note on Saturday, August 19th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cousins Properties currently has a consensus rating of “Moderate Buy” and an average target price of $26.33.

Cousins Properties Company Profile

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.