Nissay Asset Management Corp Japan ADV Acquires 877 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Nissay Asset Management Corp Japan ADV boosted its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,420 shares of the real estate investment trust’s stock after purchasing an additional 877 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Cousins Properties were worth $680,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Cousins Properties by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust’s stock worth $759,936,000 after purchasing an additional 985,934 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Cousins Properties by 11.1% during 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 purchasing an additional 1,350,352 shares during the last quarter. APG Asset Management US Inc. lifted its stake in Cousins Properties by 0.3% during the fourth quarter. APG Asset Management US Inc. now owns 7,853,306 shares of the real estate investment trust’s stock worth $240,625,000 after purchasing an additional 19,657 shares during the last quarter. Centersquare Investment Management LLC lifted its stake in Cousins Properties by 11.7% during the fourth quarter. Centersquare Investment Management LLC now owns 5,600,905 shares of the real estate investment trust’s stock worth $171,612,000 after purchasing an additional 585,659 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Cousins Properties by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 3,072,221 shares of the real estate investment trust’s stock worth $94,160,000 after purchasing an additional 208,044 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CUZ has been the subject of several recent analyst reports. Wolfe Research upgraded Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.00 target price for the company in a research note on Monday, April 7th. Robert W. Baird dropped their price target on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. Jefferies Financial Group initiated coverage on Cousins Properties in a report on Monday, March 17th. They set a “buy” rating and a $35.00 price objective on the stock. Barclays cut their price objective on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Finally, StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cousins Properties presently has an average rating of “Moderate Buy” and a consensus target price of $32.70.

Cousins Properties Stock Up 0.6%

Shares of NYSE:CUZ opened at $28.68 on Monday. The firm has a market cap of $4.81 billion, a P/E ratio of 95.58, a P/E/G ratio of 2.98 and a beta of 1.34. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. Cousins Properties Incorporated has a 12-month low of $22.01 and a 12-month high of $32.55. The business has a fifty day simple moving average of $27.93 and a 200 day simple moving average of $29.57.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. The business had revenue of $6.81 million during the quarter, compared to analyst estimates of $238.49 million. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Cousins Properties’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the company earned $0.65 EPS. Analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

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

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.