Catalyst Funds Management Pty Ltd Reduces Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Catalyst Funds Management Pty Ltd trimmed its position in Cousins Properties Incorporated (NYSE:CUZ) by 66.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,900 shares of the real estate investment trust’s stock after selling 17,400 shares during the period. Catalyst Funds Management Pty Ltd’s holdings in Cousins Properties were worth $273,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CUZ. Principal Financial Group Inc. raised its stake in shares of Cousins Properties by 11.1% in the fourth quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust’s stock worth $413,375,000 after buying an additional 1,350,352 shares during the period. State Street Corp raised its stake in shares of Cousins Properties by 0.6% in the third quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock worth $224,251,000 after buying an additional 48,668 shares during the period. Geode Capital Management LLC raised its stake in shares of Cousins Properties by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock worth $84,457,000 after buying an additional 36,727 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Cousins Properties by 7.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust’s stock worth $82,047,000 after buying an additional 189,411 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Cousins Properties by 3,768.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock worth $68,907,000 after buying an additional 2,276,986 shares during the period. 94.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CUZ has been the topic of several recent research reports. BMO Capital Markets downgraded Cousins Properties from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $31.00 to $32.00 in a research note on Tuesday, December 3rd. KeyCorp raised Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 target price on the stock in a research note on Tuesday, December 17th. Mizuho raised Cousins Properties from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. Robert W. Baird reduced their price objective on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Finally, Jefferies Financial Group raised Cousins Properties from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $33.00 to $36.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

Cousins Properties Price Performance

Shares of Cousins Properties stock opened at $28.68 on Monday. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 95.59, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. 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 stock has a 50 day moving average price of $29.94 and a 200-day moving average price of $30.15. Cousins Properties Incorporated has a one year low of $21.58 and a one year high of $32.55.

Cousins Properties (NYSE:CUZ) last announced 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 analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date was Friday, January 3rd. Cousins Properties’s dividend payout ratio (DPR) is 426.67%.

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.