KLP Kapitalforvaltning AS Takes $925,000 Position in Cousins Properties Incorporated (NYSE:CUZ)

KLP Kapitalforvaltning AS purchased a new stake in shares of Cousins Properties Incorporated (NYSE:CUZ) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 30,184 shares of the real estate investment trust’s stock, valued at approximately $925,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in Cousins Properties by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust’s stock worth $357,910,000 after purchasing an additional 458,387 shares during the period. Cerity Partners LLC purchased a new stake in shares of Cousins Properties in the third quarter worth approximately $584,000. Bank of Montreal Can boosted its holdings in Cousins Properties by 31.4% during the 3rd quarter. Bank of Montreal Can now owns 302,079 shares of the real estate investment trust’s stock valued at $8,845,000 after acquiring an additional 72,201 shares during the period. Quantbot Technologies LP purchased a new position in Cousins Properties during the 3rd quarter valued at $646,000. Finally, FMR LLC grew its position in Cousins Properties by 69.8% in the 3rd quarter. FMR LLC now owns 19,161 shares of the real estate investment trust’s stock valued at $565,000 after acquiring an additional 7,877 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CUZ. Truist Financial boosted their target price on shares of Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Jefferies Financial Group assumed coverage on shares of Cousins Properties in a research note on Monday, March 17th. They issued a “buy” rating and a $35.00 target price on the stock. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. KeyCorp raised Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective on the stock in a research note on Tuesday, December 17th. Finally, BMO Capital Markets lowered Cousins Properties from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $32.89.

Cousins Properties Trading Down 0.2 %

CUZ opened at $29.49 on Tuesday. 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 firm has a market cap of $4.95 billion, a price-to-earnings ratio of 98.28, a PEG ratio of 2.98 and a beta of 1.28. Cousins Properties Incorporated has a 12 month low of $21.58 and a 12 month high of $32.55. The stock has a fifty day moving average price of $29.93 and a 200-day moving average price of $30.25.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 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%. As a group, equities research analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.28 annualized dividend and a yield of 4.34%. Cousins Properties’s dividend payout ratio (DPR) is 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.