SeaBridge Investment Advisors LLC Trims Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

SeaBridge Investment Advisors LLC reduced its position in Cousins Properties Incorporated (NYSE:CUZ) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,534 shares of the real estate investment trust’s stock after selling 3,909 shares during the quarter. SeaBridge Investment Advisors LLC’s holdings in Cousins Properties were worth $2,376,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. UMB Bank n.a. grew its holdings in shares of Cousins Properties by 67.4% during the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 395 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Cousins Properties by 49.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 438 shares in the last quarter. Signaturefd LLC increased its position in Cousins Properties by 30.8% during the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 651 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Cousins Properties during the 2nd quarter worth approximately $115,000. Finally, Quarry LP lifted its holdings in shares of Cousins Properties by 74.5% in the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 1,697 shares during the period. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Cousins Properties Trading Up 0.8 %

Shares of CUZ opened at $30.54 on Friday. Cousins Properties Incorporated has a 1-year low of $21.58 and a 1-year high of $32.55. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a 50 day simple moving average of $30.49 and a 200-day simple moving average of $29.44. The stock has a market cap of $4.83 billion, a price-to-earnings ratio of 92.55, a price-to-earnings-growth ratio of 3.78 and a beta of 1.29.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s payout ratio is 387.88%.

Analysts Set New Price Targets

CUZ has been the subject of several research analyst reports. StockNews.com cut Cousins Properties from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Mizuho upgraded shares of Cousins Properties from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective on the stock in a report on Tuesday, December 17th. BMO Capital Markets lowered shares of Cousins Properties from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Finally, Robert W. Baird boosted their price target on Cousins Properties from $33.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $33.22.

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.