Rhumbline Advisers Trims Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Rhumbline Advisers lessened its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 1.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 481,054 shares of the real estate investment trust’s stock after selling 7,252 shares during the period. Rhumbline Advisers owned about 0.32% of Cousins Properties worth $10,285,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Citigroup Inc. lifted its holdings in Cousins Properties by 101.5% during the 1st quarter. Citigroup Inc. now owns 110,230 shares of the real estate investment trust’s stock worth $2,357,000 after buying an additional 55,518 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Cousins Properties by 53.8% during the 1st quarter. Vanguard Personalized Indexing Management LLC now owns 39,520 shares of the real estate investment trust’s stock worth $845,000 after buying an additional 13,824 shares during the last quarter. Register Financial Advisors LLC lifted its holdings in Cousins Properties by 54.3% during the 1st quarter. Register Financial Advisors LLC now owns 13,968 shares of the real estate investment trust’s stock worth $299,000 after buying an additional 4,918 shares during the last quarter. Landscape Capital Management L.L.C. lifted its holdings in Cousins Properties by 267.8% during the 1st quarter. Landscape Capital Management L.L.C. now owns 39,829 shares of the real estate investment trust’s stock worth $852,000 after buying an additional 29,001 shares during the last quarter. Finally, Credit Suisse AG lifted its holdings in Cousins Properties by 1.8% during the 1st quarter. Credit Suisse AG now owns 264,590 shares of the real estate investment trust’s stock worth $5,657,000 after buying an additional 4,576 shares during the last quarter.

Analysts Set New Price Targets

CUZ has been the topic of several recent research reports. Evercore ISI raised their price target on Cousins Properties from $25.00 to $28.00 and gave the stock an “outperform” rating in a report on Wednesday, August 16th. Barclays raised their price target on Cousins Properties from $28.00 to $29.00 and gave the stock an “overweight” rating in a report on Friday, August 25th. Truist Financial cut their price target on Cousins Properties from $28.00 to $27.00 in a report on Thursday, July 6th. Finally, StockNews.com initiated coverage on Cousins Properties in a report on Saturday, August 19th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cousins Properties presently has an average rating of “Moderate Buy” and a consensus target price of $26.33.

Cousins Properties Stock Up 1.0 %

CUZ opened at $23.74 on Monday. Cousins Properties Incorporated has a 12 month low of $18.06 and a 12 month 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. The stock has a market cap of $3.60 billion, a P/E ratio of 23.98, a P/E/G ratio of 2.66 and a beta of 1.16. The stock’s 50 day moving average price is $23.25 and its 200 day moving average price is $22.11.

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Thursday, July 6th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 5.39%. The ex-dividend date of this dividend was Wednesday, July 5th. Cousins Properties’s dividend payout ratio (DPR) is presently 129.29%.

About Cousins Properties

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.