Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd lessened its position in Cousins Properties Incorporated (NYSE:CUZ) by 10.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 417,124 shares of the real estate investment trust’s stock after selling 47,300 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Cousins Properties were worth $12,781,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CUZ. Jones Financial Companies Lllp increased its stake in Cousins Properties by 1,609.3% during the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 869 shares during the period. UMB Bank n.a. grew its holdings in shares of Cousins Properties by 67.4% in the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 395 shares in the last quarter. Larson Financial Group LLC increased its stake in Cousins Properties by 49.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 438 shares during the period. Quarry LP lifted its holdings in Cousins Properties by 74.5% during the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 1,697 shares in the last quarter. Finally, BankPlus Trust Department purchased a new position in Cousins Properties in the 4th quarter valued at approximately $142,000. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Stock Performance

Shares of CUZ opened at $29.64 on Friday. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 98.79, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. Cousins Properties Incorporated has a 52-week low of $21.58 and a 52-week high of $32.55. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. The stock has a 50 day moving average price of $29.97 and a 200 day moving average price of $30.22.

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

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.28 annualized dividend and a yield of 4.32%. Cousins Properties’s dividend payout ratio is presently 426.67%.

Analyst Ratings Changes

CUZ has been the topic of several analyst reports. Jefferies Financial Group assumed coverage on Cousins Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $35.00 price objective on the stock. Barclays reduced their price target on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. KeyCorp raised Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective for the company in a research report on Tuesday, December 17th. Truist Financial upped their target price on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Cousins Properties currently has an average rating of “Moderate Buy” and an average price target of $32.89.

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.