Sumitomo Mitsui Trust Holdings Inc. Boosts Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Cousins Properties Incorporated (NYSE:CUZ) by 5.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 179,037 shares of the real estate investment trust’s stock after acquiring an additional 8,738 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 0.12% of Cousins Properties worth $4,360,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Lecap Asset Management Ltd. acquired a new position in shares of Cousins Properties in the 4th quarter worth approximately $589,000. Louisiana State Employees Retirement System acquired a new position in shares of Cousins Properties in the 4th quarter worth approximately $1,037,000. Koshinski Asset Management Inc. lifted 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 worth $682,000 after acquiring an additional 832 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of Cousins Properties by 12.4% in the 4th quarter. Mutual of America Capital Management LLC now owns 259,414 shares of the real estate investment trust’s stock worth $6,317,000 after acquiring an additional 28,641 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC acquired a new position in shares of Cousins Properties in the 4th quarter worth approximately $2,752,000. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Cousins Properties Price Performance

Shares of CUZ opened at $22.70 on Wednesday. Cousins Properties Incorporated has a twelve month low of $17.40 and a twelve month high of $25.19. The firm’s fifty day simple moving average is $23.06 and its 200-day simple moving average is $22.09. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 41.26, a PEG ratio of 5.99 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 (NYSE:CUZ) last announced its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.53). Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. The firm had revenue of $197.00 million during the quarter, compared to analyst estimates of $198.47 million. During the same quarter in the previous year, the business posted $0.66 earnings per share. Cousins Properties’s revenue for the quarter was up 1.2% compared to the same quarter last year. Equities analysts forecast that Cousins Properties Incorporated will post 2.61 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, April 4th were issued a $0.32 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.64%. 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.