Zurcher Kantonalbank Zurich Cantonalbank Has $1.50 Million Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in Cousins Properties Incorporated (NYSE:CUZ) by 18.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 61,489 shares of the real estate investment trust’s stock after selling 13,459 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cousins Properties were worth $1,497,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gotham Asset Management LLC increased its position in Cousins Properties by 10.0% in 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 purchasing an additional 4,884 shares during the period. PGGM Investments boosted its holdings 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 buying an additional 50,956 shares during the last quarter. Jump Financial LLC bought a new position in Cousins Properties during the third quarter worth about $1,538,000. Assenagon Asset Management S.A. boosted its holdings 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 buying an additional 3,592 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its holdings 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 buying an additional 55,783 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Truist Financial reduced their target price on Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. Barclays decreased their price objective 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. Finally, StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $23.67.

Cousins Properties Stock Down 0.3 %

CUZ opened at $23.05 on Friday. Cousins Properties Incorporated has a 1-year low of $17.40 and a 1-year high of $25.19. The stock’s fifty day simple moving average is $23.08 and its 200 day simple moving average is $22.13. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. The stock has a market cap of $3.51 billion, a PE ratio of 42.04, a price-to-earnings-growth ratio of 6.13 and a beta of 1.27.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.53). The firm had revenue of $197.00 million for the quarter, compared to the consensus estimate of $198.47 million. Cousins Properties had a return on equity of 1.81% and a net margin of 10.33%. The firm’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.66 EPS. As a group, research analysts expect that Cousins Properties Incorporated will post 2.61 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, April 4th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend was Wednesday, April 3rd. Cousins Properties’s dividend payout ratio (DPR) is currently 232.73%.

Cousins Properties 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.