Zurcher Kantonalbank Zurich Cantonalbank Purchases 39,064 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Cousins Properties Incorporated (NYSE:CUZ) by 64.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 99,850 shares of the real estate investment trust’s stock after buying an additional 39,064 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cousins Properties were worth $3,059,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Amundi increased its holdings in shares of Cousins Properties by 34.2% in the fourth quarter. Amundi now owns 113,716 shares of the real estate investment trust’s stock worth $3,366,000 after purchasing an additional 28,965 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Cousins Properties in the 4th quarter worth approximately $25,148,000. Arizona State Retirement System raised its holdings in shares of Cousins Properties by 0.8% during the 4th quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust’s stock worth $1,353,000 after acquiring an additional 366 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Cousins Properties during the 4th quarter worth approximately $724,000. Finally, Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Cousins Properties by 270.0% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 351,729 shares of the real estate investment trust’s stock worth $10,777,000 after acquiring an additional 256,679 shares in the last quarter. Institutional investors own 94.38% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Robert W. Baird decreased their price objective on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. BMO Capital Markets cut Cousins Properties from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $31.00 to $32.00 in a report on Tuesday, December 3rd. StockNews.com cut Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Barclays decreased 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, Truist Financial upped their price objective on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

Cousins Properties Stock Performance

Shares of Cousins Properties stock opened at $28.68 on Friday. The stock’s fifty day moving average is $29.94 and its two-hundred day moving average is $30.14. The company has a market capitalization of $4.81 billion, a PE ratio of 95.59, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. 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 52 week low of $21.58 and a 52 week high of $32.55.

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

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%.

Cousins Properties Company 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.