Cousins Properties Incorporated (NYSE:CUZ) Shares Purchased by Amundi

Amundi lifted its stake in Cousins Properties Incorporated (NYSE:CUZ) by 34.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 113,716 shares of the real estate investment trust’s stock after purchasing an additional 28,965 shares during the period. Amundi owned approximately 0.07% of Cousins Properties worth $3,366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CUZ. Massachusetts Financial Services Co. MA lifted its stake in shares of Cousins Properties by 3,768.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock valued at $68,907,000 after purchasing an additional 2,276,986 shares during the period. Rush Island Management LP purchased a new position in Cousins Properties during the 3rd quarter valued at about $46,393,000. Principal Financial Group Inc. increased its holdings in Cousins Properties by 11.1% during the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust’s stock valued at $413,375,000 after acquiring an additional 1,350,352 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Cousins Properties by 411.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,113,403 shares of the real estate investment trust’s stock valued at $32,823,000 after acquiring an additional 895,917 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Cousins Properties during the 4th quarter valued at about $25,148,000. Institutional investors and hedge funds own 94.38% of the company’s stock.

Analyst Ratings Changes

CUZ has been the subject of several recent research reports. Robert W. Baird dropped their target price on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Truist Financial raised their target price on shares of Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Jefferies Financial Group upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and lifted their price target for the stock from $33.00 to $36.00 in a report on Thursday, January 2nd. BMO Capital Markets downgraded shares of Cousins Properties from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $31.00 to $32.00 in a report on Tuesday, December 3rd. Finally, KeyCorp upgraded shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Cousins Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

Cousins Properties Stock Performance

Shares of CUZ stock opened at $28.68 on Monday. Cousins Properties Incorporated has a one year low of $21.58 and a one year high of $32.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. The company has a 50 day moving average price of $29.94 and a 200 day moving average price of $30.15. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 95.59, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28.

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

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.46%. The ex-dividend date was Friday, January 3rd. Cousins Properties’s payout ratio is currently 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.