Sumitomo Mitsui DS Asset Management Company Ltd Has $613,000 Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 9.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,172 shares of the real estate investment trust’s stock after buying an additional 2,181 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Cousins Properties were worth $613,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CUZ. PARK CIRCLE Co acquired a new stake in Cousins Properties in the 3rd quarter valued at approximately $31,000. Van Lanschot Kempen Investment Management N.V. acquired a new stake in Cousins Properties in the 3rd quarter valued at approximately $173,000. Spirit of America Management Corp NY grew its holdings in Cousins Properties by 750.0% in the 4th quarter. Spirit of America Management Corp NY now owns 8,500 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 7,500 shares during the last quarter. United Services Automobile Association grew its holdings in Cousins Properties by 23.9% in the 3rd quarter. United Services Automobile Association now owns 13,158 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 2,536 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Cousins Properties by 19.3% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 13,902 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 2,249 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Truist Financial decreased 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. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. Finally, Barclays decreased 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $23.67.

Cousins Properties Trading Down 0.3 %

Shares of CUZ opened at $23.05 on Friday. The stock has a fifty day moving average price of $23.08 and a two-hundred day moving average price of $22.13. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 0.76. Cousins Properties Incorporated has a 52-week low of $17.40 and a 52-week high of $25.19. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 41.91, a PEG ratio of 6.13 and a beta of 1.27.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data 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 business had revenue of $197.00 million during the quarter, compared to the consensus estimate of $198.47 million. During the same quarter in the previous year, the firm posted $0.66 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts predict that Cousins Properties Incorporated will post 2.61 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, April 4th were given 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 5.55%. Cousins Properties’s payout ratio is 232.73%.

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.