Handelsbanken Fonder AB Increases Position in Cousins Properties Incorporated (NYSE:CUZ)

Handelsbanken Fonder AB increased its stake in Cousins Properties Incorporated (NYSE:CUZ) by 6.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 39,020 shares of the real estate investment trust’s stock after acquiring an additional 2,400 shares during the quarter. Handelsbanken Fonder AB’s holdings in Cousins Properties were worth $1,196,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CUZ. JPMorgan Chase & Co. increased its holdings in Cousins Properties by 21.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust’s stock valued at $51,580,000 after acquiring an additional 309,571 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Cousins Properties by 368.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust’s stock valued at $23,052,000 after buying an additional 615,118 shares in the last quarter. Jennison Associates LLC lifted its position in Cousins Properties by 15.9% during the third quarter. Jennison Associates LLC now owns 2,205,415 shares of the real estate investment trust’s stock valued at $65,016,000 after buying an additional 302,309 shares in the last quarter. Geode Capital Management LLC lifted its position in Cousins Properties by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock valued at $84,457,000 after buying an additional 36,727 shares in the last quarter. Finally, State Street Corp lifted its position in Cousins Properties by 0.6% during 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 buying an additional 48,668 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Cousins Properties Stock Up 0.5 %

Shares of NYSE:CUZ opened at $30.13 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The company has a fifty day simple moving average of $30.24 and a 200 day simple moving average of $29.99. The firm has a market cap of $5.05 billion, a PE ratio of 100.43, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29. Cousins Properties Incorporated has a 12-month low of $21.58 and a 12-month high of $32.55.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. On average, equities research analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.25%. Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. StockNews.com cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Truist Financial lifted their price target on shares of Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Wells Fargo & Company lifted their price objective on shares of Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. BMO Capital Markets lowered shares of Cousins Properties from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Finally, Mizuho upgraded shares of Cousins Properties from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Cousins Properties has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

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.