Cetera Trust Company N.A Purchases Shares of 6,425 Cousins Properties Incorporated (NYSE:CUZ)

Cetera Trust Company N.A purchased a new stake in Cousins Properties Incorporated (NYSE:CUZ) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 6,425 shares of the real estate investment trust’s stock, valued at approximately $156,000.

A number of other hedge funds also recently bought and sold shares of the stock. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Cousins Properties by 9.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 25,172 shares of the real estate investment trust’s stock valued at $613,000 after purchasing an additional 2,181 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in Cousins Properties by 5.1% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 179,037 shares of the real estate investment trust’s stock valued at $4,360,000 after purchasing an additional 8,738 shares in the last quarter. Lecap Asset Management Ltd. purchased a new position in shares of Cousins Properties in the 4th quarter valued at about $589,000. Louisiana State Employees Retirement System purchased a new position in shares of Cousins Properties in the 4th quarter valued at about $1,037,000. Finally, Koshinski Asset Management Inc. increased its holdings in shares of Cousins Properties by 3.1% in the 4th quarter. Koshinski Asset Management Inc. now owns 28,026 shares of the real estate investment trust’s stock valued at $682,000 after acquiring an additional 832 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. Truist Financial dropped their price objective on Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. Finally, Barclays dropped their price objective on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $23.67.

Cousins Properties Trading Up 0.9 %

NYSE:CUZ opened at $22.38 on Tuesday. The stock’s 50 day moving average price is $23.09 and its 200 day moving average price is $22.07. The company has a market capitalization of $3.40 billion, a PE ratio of 40.68, a P/E/G ratio of 5.99 and a beta of 1.27. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.54. Cousins Properties Incorporated has a 52-week low of $17.40 and a 52-week high of $25.19.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings results on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.53). The firm had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $198.47 million. Cousins Properties had a return on equity of 1.81% and a net margin of 10.33%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.66 EPS. On average, research analysts anticipate that Cousins Properties Incorporated will post 2.61 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, April 4th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date was Wednesday, April 3rd. Cousins Properties’s payout ratio is currently 232.73%.

Cousins Properties 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.