US Bancorp DE Has $636,000 Position in Cousins Properties Incorporated (NYSE:CUZ)

US Bancorp DE boosted its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 8.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,551 shares of the real estate investment trust’s stock after purchasing an additional 1,679 shares during the quarter. US Bancorp DE’s holdings in Cousins Properties were worth $636,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Spire Wealth Management acquired a new position in shares of Cousins Properties in the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in shares of Cousins Properties in the first quarter worth $36,000. GF Fund Management CO. LTD. bought a new stake in shares of Cousins Properties in the fourth quarter worth $85,000. FIL Ltd lifted its position in shares of Cousins Properties by 24.6% in the fourth quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 643 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Cousins Properties by 16.5% in the first quarter. Signaturefd LLC now owns 3,374 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 477 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CUZ shares. Wells Fargo & Company dropped their price target on shares of Cousins Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, May 19th. Truist Financial lowered shares of Cousins Properties from a “buy” rating to a “hold” rating and set a $31.00 price target on the stock. in a research report on Wednesday, July 2nd. Wall Street Zen lowered shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Evercore ISI upped their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an “in-line” rating in a research report on Monday, May 19th. Finally, Mizuho upped their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $32.50.

Cousins Properties Stock Down 0.5%

Shares of NYSE CUZ opened at $26.57 on Tuesday. The company has a 50 day simple moving average of $28.87 and a 200 day simple moving average of $28.70. The firm has a market cap of $4.46 billion, a PE ratio of 71.82, a price-to-earnings-growth ratio of 1.75 and a beta of 1.33. Cousins Properties Incorporated has a 1 year low of $24.07 and a 1 year high of $32.55. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.45 and a quick ratio of 2.45.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.70. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The firm had revenue of $237.72 million during the quarter, compared to analyst estimates of $243.73 million. During the same quarter last year, the business earned $0.68 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. On average, research analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, July 7th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Monday, July 7th. Cousins Properties’s payout ratio is presently 345.95%.

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.