Nomura Holdings Inc. Invests $1.24 Million in Cousins Properties Incorporated (NYSE:CUZ)

Nomura Holdings Inc. purchased a new position in shares of Cousins Properties Incorporated (NYSE:CUZ) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 40,338 shares of the real estate investment trust’s stock, valued at approximately $1,236,000.

A number of other hedge funds also recently modified their holdings of CUZ. UMB Bank n.a. lifted its holdings in shares of Cousins Properties by 67.4% during the fourth 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 period. Nisa Investment Advisors LLC lifted its holdings in shares of Cousins Properties by 21.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 56,404 shares of the real estate investment trust’s stock worth $1,728,000 after purchasing an additional 9,831 shares during the period. Blue Trust Inc. lifted its holdings in shares of Cousins Properties by 59.4% during the fourth quarter. Blue Trust Inc. now owns 6,466 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 2,409 shares during the period. KBC Group NV lifted its holdings in shares of Cousins Properties by 23.2% during the fourth quarter. KBC Group NV now owns 6,027 shares of the real estate investment trust’s stock worth $185,000 after purchasing an additional 1,135 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Cousins Properties by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust’s stock worth $695,000 after purchasing an additional 485 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Trading Up 0.6%

NYSE:CUZ opened at $28.68 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a 50-day moving average of $27.93 and a 200-day moving average of $29.57. The company has a market cap of $4.81 billion, a PE ratio of 95.58, a PEG ratio of 2.98 and a beta of 1.34. Cousins Properties Incorporated has a one year low of $22.01 and a one year high of $32.55.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.03. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. The business had revenue of $6.81 million during the quarter, compared to the consensus estimate of $238.49 million. During the same period in the prior year, the firm posted $0.65 EPS. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. As a group, equities research analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend was Thursday, April 3rd. Cousins Properties’s payout ratio is 387.88%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Barclays dropped their target price on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Wolfe Research upgraded shares of Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 target price on the stock in a report on Monday, April 7th. Robert W. Baird decreased their price target on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Finally, Jefferies Financial Group initiated coverage on shares of Cousins Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $35.00 price target for the company. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.70.

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.