Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Buys 3,323 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in Cousins Properties Incorporated (NYSE:CUZ) by 3.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 90,229 shares of the real estate investment trust’s stock after buying an additional 3,323 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.06% of Cousins Properties worth $2,057,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Rhumbline Advisers grew its position in shares of Cousins Properties by 2.4% in the 2nd quarter. Rhumbline Advisers now owns 492,482 shares of the real estate investment trust’s stock valued at $11,229,000 after buying an additional 11,428 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Cousins Properties by 6.3% during the 2nd quarter. Geneos Wealth Management Inc. now owns 7,492 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 447 shares in the last quarter. Edge Capital Group LLC boosted its position in shares of Cousins Properties by 89.7% during the 2nd quarter. Edge Capital Group LLC now owns 105,812 shares of the real estate investment trust’s stock valued at $2,413,000 after purchasing an additional 50,031 shares in the last quarter. Bank Pictet & Cie Europe AG bought a new stake in shares of Cousins Properties during the 2nd quarter valued at about $520,000. Finally, Principal Financial Group Inc. boosted its position in shares of Cousins Properties by 0.3% during the 2nd quarter. Principal Financial Group Inc. now owns 10,788,870 shares of the real estate investment trust’s stock valued at $245,987,000 after purchasing an additional 30,669 shares in the last quarter.

Cousins Properties Stock Performance

Shares of Cousins Properties stock opened at $19.98 on Monday. The company has a market cap of $3.03 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 2.35 and a beta of 1.21. Cousins Properties Incorporated has a 52 week low of $17.40 and a 52 week high of $28.66. The business has a 50 day moving average price of $19.70 and a 200-day moving average price of $21.33. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.53.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Wednesday, October 4th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend was Tuesday, October 3rd. Cousins Properties’s payout ratio is 216.95%.

Analyst Ratings Changes

Several brokerages recently commented on CUZ. Evercore ISI cut their target price on Cousins Properties from $28.00 to $26.00 in a research report on Monday, October 9th. Barclays upped their target price on Cousins Properties from $28.00 to $29.00 and gave the company an “overweight” rating in a research report on Friday, August 25th. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Mizuho dropped their price target on Cousins Properties from $22.00 to $19.00 and set an “underperform” rating on the stock in a research note on Wednesday, October 18th. Finally, KeyCorp started coverage on Cousins Properties in a research note on Monday, September 11th. They set an “underweight” rating and a $19.00 price target on the stock. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Cousins Properties currently has a consensus rating of “Hold” and an average target price of $25.20.

Cousins Properties 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.