Cousins Properties Incorporated (NYSE:CUZ) Shares Acquired by Wells Fargo & Company MN

Wells Fargo & Company MN raised its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 303,303 shares of the real estate investment trust’s stock after purchasing an additional 10,572 shares during the quarter. Wells Fargo & Company MN owned about 0.19% of Cousins Properties worth $9,293,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CUZ. Jones Financial Companies Lllp lifted its position in Cousins Properties by 1,609.3% in the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 869 shares in the last quarter. UMB Bank n.a. lifted its position in shares of Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 395 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Cousins Properties by 473.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust’s stock valued at $127,000 after acquiring an additional 3,551 shares during the period. BankPlus Trust Department bought a new stake in Cousins Properties in the 4th quarter valued at $142,000. Finally, Assetmark Inc. increased its stake in Cousins Properties by 15.3% during the fourth quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust’s stock valued at $184,000 after acquiring an additional 794 shares during the period. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Stock Performance

NYSE:CUZ opened at $26.78 on Thursday. Cousins Properties Incorporated has a fifty-two week low of $21.72 and a fifty-two week high of $32.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. The business has a 50 day moving average price of $28.89 and a 200-day moving average price of $29.97. The firm has a market cap of $4.50 billion, a PE ratio of 89.27, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Equities research analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend was Thursday, April 3rd. Cousins Properties’s dividend payout ratio (DPR) is 426.67%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Mizuho raised Cousins Properties from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $22.00 to $30.00 in a report on Tuesday, January 7th. Wolfe Research raised shares of Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Monday, April 7th. StockNews.com cut Cousins Properties from a “hold” rating to a “sell” rating in a report on Wednesday, April 9th. Jefferies Financial Group initiated coverage on Cousins Properties in a research report on Monday, March 17th. They issued a “buy” rating and a $35.00 price target on the stock. Finally, Truist Financial boosted their price objective on shares of Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.70.

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.