Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp reduced its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 29.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,119 shares of the real estate investment trust’s stock after selling 459 shares during the quarter. Fifth Third Bancorp’s holdings in Cousins Properties were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Gotham Asset Management LLC increased its stake in Cousins Properties by 10.0% during the third quarter. Gotham Asset Management LLC now owns 53,547 shares of the real estate investment trust’s stock worth $1,091,000 after acquiring an additional 4,884 shares during the last quarter. PGGM Investments increased its stake in Cousins Properties by 2.6% during the third quarter. PGGM Investments now owns 2,046,403 shares of the real estate investment trust’s stock worth $41,685,000 after acquiring an additional 50,956 shares during the last quarter. Jump Financial LLC acquired a new stake in Cousins Properties during the third quarter worth about $1,538,000. Kennedy Capital Management LLC increased its stake in Cousins Properties by 31.0% during the third quarter. Kennedy Capital Management LLC now owns 235,515 shares of the real estate investment trust’s stock worth $4,797,000 after acquiring an additional 55,783 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Cousins Properties by 4.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 84,730 shares of the real estate investment trust’s stock worth $2,063,000 after acquiring an additional 3,592 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CUZ has been the subject of several research analyst reports. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday. Truist Financial dropped their price target on Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, January 16th. JPMorgan Chase & Co. raised Cousins Properties from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $26.00 to $27.00 in a research report on Monday, December 18th. Finally, Barclays decreased their target price on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $23.29.

Cousins Properties Price Performance

Shares of NYSE CUZ opened at $22.80 on Friday. Cousins Properties Incorporated has a 1-year low of $17.40 and a 1-year high of $25.19. The business has a 50-day moving average of $23.11 and a 200-day moving average of $21.95. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $3.47 billion, a price-to-earnings ratio of 41.45, a PEG ratio of 6.27 and a beta of 1.27.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.53). The business had revenue of $197.00 million during the quarter, compared to analysts’ expectations of $198.47 million. Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.66 EPS. On average, equities analysts anticipate that Cousins Properties Incorporated will post 2.6 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, April 4th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date of this dividend is Wednesday, April 3rd. Cousins Properties’s dividend payout ratio is currently 232.73%.

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.