Daiwa Securities Group Inc. Sells 2,314 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Daiwa Securities Group Inc. cut its stake in Cousins Properties Incorporated (NYSE:CUZ) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,118 shares of the real estate investment trust’s stock after selling 2,314 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Cousins Properties were worth $1,123,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Cousins Properties by 3.0% during the third quarter. Vanguard Group Inc. now owns 22,680,320 shares of the real estate investment trust’s stock worth $461,998,000 after purchasing an additional 670,381 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of Cousins Properties by 2.7% during the third quarter. Schroder Investment Management Group now owns 2,667,512 shares of the real estate investment trust’s stock worth $54,337,000 after purchasing an additional 71,124 shares during the last quarter. Aew Capital Management L P lifted its position in shares of Cousins Properties by 34.6% during the third quarter. Aew Capital Management L P now owns 2,190,650 shares of the real estate investment trust’s stock worth $44,624,000 after purchasing an additional 563,270 shares during the last quarter. PGGM Investments lifted its position in shares of Cousins Properties by 2.6% during the third quarter. PGGM Investments now owns 2,046,403 shares of the real estate investment trust’s stock worth $41,685,000 after purchasing an additional 50,956 shares during the last quarter. Finally, CORDA Investment Management LLC. lifted its position in shares of Cousins Properties by 4.4% during the third quarter. CORDA Investment Management LLC. now owns 989,130 shares of the real estate investment trust’s stock worth $20,149,000 after purchasing an additional 41,965 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Stock Performance

Shares of Cousins Properties stock opened at $23.12 on Thursday. The firm has a market cap of $3.52 billion, a P/E ratio of 42.04, a P/E/G ratio of 6.04 and a beta of 1.27. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.54. Cousins Properties Incorporated has a 12 month low of $17.40 and a 12 month high of $25.19. The stock’s fifty day moving average price is $23.07 and its 200-day moving average price is $22.12.

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

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, April 4th were paid a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.28 annualized dividend and a yield of 5.54%. Cousins Properties’s dividend payout ratio (DPR) is presently 232.73%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CUZ shares. Barclays decreased their target price on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, March 27th. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Finally, Truist Financial cut their price target on Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a research note on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $23.67.

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.