Nomura Asset Management Co. Ltd. Purchases 340 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Nomura Asset Management Co. Ltd. grew its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 0.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 191,090 shares of the real estate investment trust’s stock after buying an additional 340 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Cousins Properties were worth $5,633,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Dean Investment Associates LLC raised its holdings in shares of Cousins Properties by 41.9% in the third quarter. Dean Investment Associates LLC now owns 57,268 shares of the real estate investment trust’s stock valued at $1,688,000 after buying an additional 16,902 shares during the last quarter. Orion Portfolio Solutions LLC raised its stake in shares of Cousins Properties by 172.5% in the third quarter. Orion Portfolio Solutions LLC now owns 33,275 shares of the real estate investment trust’s stock worth $981,000 after acquiring an additional 21,066 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Cousins Properties during the third quarter worth approximately $588,000. Wellington Management Group LLP bought a new stake in shares of Cousins Properties during the third quarter valued at approximately $20,276,000. Finally, State Street Corp increased its holdings in shares of Cousins Properties by 0.6% in the third quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock valued at $224,251,000 after purchasing an additional 48,668 shares in the last quarter. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Stock Up 1.1 %

Cousins Properties stock opened at $30.64 on Friday. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 92.85, a PEG ratio of 4.02 and a beta of 1.29. The company’s 50 day simple moving average is $30.90 and its 200 day simple moving average is $27.68. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. Cousins Properties Incorporated has a fifty-two week low of $21.58 and a fifty-two week high of $32.55.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The firm had revenue of $209.21 million for the quarter, compared to the consensus estimate of $212.54 million. During the same period in the prior year, the business earned $0.65 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cousins Properties Incorporated will post 2.68 EPS for the current year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd were issued a $0.32 dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.18%. Cousins Properties’s dividend payout ratio (DPR) is currently 387.88%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on CUZ shares. Wells Fargo & Company upped their price objective on Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Truist Financial raised their price target on Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 30th. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Barclays raised their target price on shares of Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Robert W. Baird lifted their price target on shares of Cousins Properties from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $31.71.

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.