abrdn plc Has $714,000 Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

abrdn plc lessened its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,329 shares of the real estate investment trust’s stock after selling 1,528 shares during the period. abrdn plc’s holdings in Cousins Properties were worth $714,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of 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 valued at $461,998,000 after acquiring an additional 670,381 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of Cousins Properties by 2.7% in the third quarter. Schroder Investment Management Group now owns 2,667,512 shares of the real estate investment trust’s stock worth $54,337,000 after buying an additional 71,124 shares during the last quarter. Aew Capital Management L P boosted its holdings in shares of 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 buying an additional 563,270 shares during the period. PGGM Investments grew its stake in Cousins Properties by 2.6% in the 3rd quarter. PGGM Investments now owns 2,046,403 shares of the real estate investment trust’s stock valued at $41,685,000 after buying an additional 50,956 shares during the last quarter. Finally, CORDA Investment Management LLC. lifted its position 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 during the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Stock Up 1.7 %

NYSE:CUZ opened at $23.26 on Tuesday. The stock’s fifty day moving average price is $23.04 and its two-hundred day moving average price is $22.23. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 47.46, a P/E/G ratio of 6.14 and a beta of 1.27. Cousins Properties Incorporated has a 52-week low of $17.40 and a 52-week high of $25.19. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.07 and a current ratio of 1.07.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.54). The firm had revenue of $209.20 million during the quarter, compared to analyst estimates of $199.35 million. Cousins Properties had a return on equity of 1.62% and a net margin of 9.15%. Cousins Properties’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.65 earnings per share. On average, analysts anticipate that Cousins Properties Incorporated will post 2.62 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, April 4th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend was Wednesday, April 3rd. Cousins Properties’s payout ratio is 261.22%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CUZ shares. Barclays cut 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. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Truist Financial dropped their price objective on shares of Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $23.67.

About Cousins Properties

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.