Charles Schwab Investment Management Inc. Increases Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Charles Schwab Investment Management Inc. lifted its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,488,358 shares of the real estate investment trust’s stock after acquiring an additional 82,521 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Cousins Properties were worth $73,357,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Federated Hermes Inc. lifted its stake in shares of Cousins Properties by 2.2% in the 2nd quarter. Federated Hermes Inc. now owns 23,534 shares of the real estate investment trust’s stock valued at $545,000 after purchasing an additional 501 shares during the last quarter. Signaturefd LLC lifted its position in Cousins Properties by 30.8% in the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 651 shares during the last quarter. Texas Permanent School Fund Corp boosted its stake in Cousins Properties by 0.6% during the second quarter. Texas Permanent School Fund Corp now owns 133,620 shares of the real estate investment trust’s stock worth $3,093,000 after buying an additional 790 shares during the period. Blue Trust Inc. increased its position in 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 acquiring an additional 858 shares during the last quarter. Finally, Arizona State Retirement System increased its position in Cousins Properties by 2.1% during the second quarter. Arizona State Retirement System now owns 42,573 shares of the real estate investment trust’s stock valued at $986,000 after acquiring an additional 862 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Insider Transactions at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 5,997 shares of Cousins Properties stock in a transaction on Friday, September 6th. The stock was sold at an average price of $28.13, for a total value of $168,695.61. Following the transaction, the chief accounting officer now directly owns 12,529 shares in the company, valued at approximately $352,440.77. This trade represents a 32.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CUZ shares. Truist Financial lifted their price target on shares of Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Barclays increased their price target on Cousins Properties from $30.00 to $35.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Wells Fargo & Company boosted their price objective on Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Finally, Robert W. Baird increased their target price on Cousins Properties from $31.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

Cousins Properties Stock Up 0.6 %

Shares of NYSE:CUZ opened at $31.94 on Friday. The business’s 50 day moving average is $30.56 and its 200 day moving average is $27.10. The stock has a market cap of $4.86 billion, a P/E ratio of 96.79, a price-to-earnings-growth ratio of 4.25 and a beta of 1.29. Cousins Properties Incorporated has a 52-week low of $19.48 and a 52-week high of $32.55. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). The firm had revenue of $209.21 million for the quarter, compared to the consensus estimate of $212.54 million. Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. Cousins Properties’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.65 EPS. Sell-side analysts predict that Cousins Properties Incorporated will post 2.68 EPS for the current year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd were issued a $0.32 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.01%. Cousins Properties’s dividend payout ratio is currently 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.