Amalgamated Bank Sells 17,824 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Amalgamated Bank lessened its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 19.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 72,516 shares of the real estate investment trust’s stock after selling 17,824 shares during the quarter. Amalgamated Bank’s holdings in Cousins Properties were worth $2,138,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Blue Trust Inc. boosted its stake in shares of Cousins Properties by 130.8% during the second quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 858 shares in the last quarter. Versant Capital Management Inc grew its holdings in Cousins Properties by 3,236.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,635 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 1,586 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new position in Cousins Properties in the 1st quarter valued at approximately $43,000. Signaturefd LLC raised its stake in shares of Cousins Properties by 30.8% during the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 651 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Cousins Properties during the second quarter worth $115,000. Institutional investors own 94.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on CUZ. Truist Financial increased their price objective on Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 30th. Wells Fargo & Company lifted their price objective on Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Evercore ISI increased their target price on shares of Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Robert W. Baird upped their target price on Cousins Properties from $31.00 to $33.00 and gave the company an “outperform” rating in a research report on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Cousins Properties presently has a consensus rating of “Moderate Buy” and an average price target of $31.50.

Insiders Place Their Bets

In other Cousins Properties news, CAO Jeffrey D. Symes sold 5,997 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $28.13, for a total value of $168,695.61. Following the completion of the sale, the chief accounting officer now owns 12,529 shares in the company, valued at approximately $352,440.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Cousins Properties Trading Up 0.8 %

NYSE:CUZ opened at $31.91 on Tuesday. 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 one year low of $17.85 and a one year high of $32.44. The company has a market cap of $4.85 billion, a PE ratio of 96.70, a PEG ratio of 5.13 and a beta of 1.29. The firm has a 50-day moving average of $29.96 and a 200-day moving average of $26.46.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.07 EPS 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 company 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 firm posted $0.65 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts expect that Cousins Properties Incorporated will post 2.67 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend was Thursday, October 3rd. Cousins Properties’s dividend payout ratio (DPR) is presently 387.88%.

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.