Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in Cousins Properties Incorporated (NYSE:CUZ) by 18.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,489 shares of the real estate investment trust’s stock after selling 13,459 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Cousins Properties were worth $1,497,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CUZ. Vanguard Group Inc. raised its holdings in Cousins Properties by 3.0% in the third quarter. Vanguard Group Inc. now owns 22,680,320 shares of the real estate investment trust’s stock valued at $461,998,000 after acquiring an additional 670,381 shares in the last quarter. Aew Capital Management L P raised its holdings in Cousins Properties by 34.6% in the third quarter. Aew Capital Management L P now owns 2,190,650 shares of the real estate investment trust’s stock valued at $44,624,000 after acquiring an additional 563,270 shares in the last quarter. LSV Asset Management raised its holdings in Cousins Properties by 306.4% in the third quarter. LSV Asset Management now owns 382,749 shares of the real estate investment trust’s stock valued at $7,797,000 after acquiring an additional 288,563 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Cousins Properties in the third quarter valued at $5,396,000. Finally, Tudor Investment Corp Et Al bought a new stake in Cousins Properties during the third quarter valued at $3,961,000. 94.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on CUZ. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, April 11th. Truist Financial lowered their target price on shares of Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, January 16th. Finally, Barclays lowered their target price on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a research note 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $23.67.

Cousins Properties Stock Down 0.3 %

Cousins Properties stock opened at $23.05 on Friday. The company has a 50-day simple moving average of $23.08 and a 200-day simple moving average of $22.13. The firm has a market capitalization of $3.51 billion, a P/E ratio of 42.04, a P/E/G ratio of 6.13 and a beta of 1.27. 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 one year low of $17.40 and a one year high of $25.19.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.53). The company had revenue of $197.00 million during the quarter, compared to analyst estimates of $198.47 million. Cousins Properties had a return on equity of 1.81% and a net margin of 10.33%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 EPS. As a group, equities analysts expect that Cousins Properties Incorporated will post 2.61 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, April 4th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend was Wednesday, April 3rd. Cousins Properties’s payout ratio is currently 232.73%.

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.