Daiwa Securities Group Inc. Lowers Position in Cousins Properties Incorporated (NYSE:CUZ)

Daiwa Securities Group Inc. cut its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 46,118 shares of the real estate investment trust’s stock after selling 2,314 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Cousins Properties were worth $1,123,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Cousins Properties by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 22,680,320 shares of the real estate investment trust’s stock worth $461,998,000 after acquiring an additional 670,381 shares in the last quarter. Schroder Investment Management Group lifted its stake in Cousins Properties by 2.7% during the 3rd quarter. Schroder Investment Management Group now owns 2,667,512 shares of the real estate investment trust’s stock worth $54,337,000 after acquiring an additional 71,124 shares in the last quarter. Aew Capital Management L P lifted its stake in Cousins Properties by 34.6% during the 3rd quarter. Aew Capital Management L P now owns 2,190,650 shares of the real estate investment trust’s stock worth $44,624,000 after acquiring an additional 563,270 shares in the last quarter. PGGM Investments lifted its stake in Cousins Properties by 2.6% during the 3rd 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 in the last quarter. Finally, CORDA Investment Management LLC. lifted its stake in Cousins Properties by 4.4% during the 3rd quarter. CORDA Investment Management LLC. now owns 989,130 shares of the real estate investment trust’s stock worth $20,149,000 after acquiring an additional 41,965 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CUZ. Truist Financial decreased their target price on Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, January 16th. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Barclays reduced their price target on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $23.67.

Cousins Properties Price Performance

CUZ stock opened at $23.12 on Thursday. 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 firm has a market capitalization of $3.52 billion, a P/E ratio of 42.04, a P/E/G ratio of 6.04 and a beta of 1.27. The business’s 50-day moving average is $23.07 and its two-hundred day moving average is $22.12. Cousins Properties Incorporated has a 1 year low of $17.40 and a 1 year high of $25.19.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data 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). Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. The business had revenue of $197.00 million during the quarter, compared to analysts’ expectations of $198.47 million. During the same quarter in the previous year, the company posted $0.66 EPS. The company’s revenue was up 1.2% compared to the same quarter last year. Analysts anticipate that Cousins Properties Incorporated will post 2.61 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, April 4th were issued a $0.32 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.54%. Cousins Properties’s 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.