Guggenheim Capital LLC Sells 110,849 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Guggenheim Capital LLC decreased its stake in Cousins Properties Incorporated (NYSE:CUZ) by 59.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,486 shares of the real estate investment trust’s stock after selling 110,849 shares during the period. Guggenheim Capital LLC owned about 0.05% of Cousins Properties worth $1,635,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Global Retirement Partners LLC increased its position in Cousins Properties by 250.6% in the 1st quarter. Global Retirement Partners LLC now owns 1,241 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 887 shares during the period. Lazard Asset Management LLC acquired a new position in Cousins Properties in the 1st quarter valued at approximately $39,000. Private Trust Co. NA increased its position in Cousins Properties by 27,600.0% in the 1st quarter. Private Trust Co. NA now owns 1,939 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 1,932 shares during the period. Covestor Ltd increased its position in Cousins Properties by 89.2% in the 1st quarter. Covestor Ltd now owns 1,050 shares of the real estate investment trust’s stock valued at $42,000 after acquiring an additional 495 shares during the period. Finally, CoreCap Advisors LLC acquired a new position in Cousins Properties in the 4th quarter valued at approximately $48,000.

Cousins Properties Stock Down 0.7 %

Shares of NYSE CUZ opened at $23.50 on Friday. The stock has a market capitalization of $3.57 billion, a P/E ratio of 23.74, a P/E/G ratio of 2.66 and a beta of 1.16. The company has a 50-day moving average price of $23.19 and a 200-day moving average price of $22.19. Cousins Properties Incorporated has a 1 year low of $18.06 and a 1 year high of $28.77. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.90 and a quick ratio of 0.90.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Thursday, July 6th were paid a $0.32 dividend. 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 payout ratio is 129.29%.

Analyst Ratings Changes

Several brokerages have issued reports on CUZ. StockNews.com began coverage on shares of Cousins Properties in a research report on Saturday, August 19th. They issued a “hold” rating for the company. Evercore ISI upped their price target on shares of Cousins Properties from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Wednesday, August 16th. Barclays increased their price objective on shares of Cousins Properties from $28.00 to $29.00 and gave the stock an “overweight” rating in a research report on Friday, August 25th. Finally, Truist Financial decreased their price objective on shares of Cousins Properties from $28.00 to $27.00 in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.