BNP Paribas Financial Markets Boosts Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

BNP Paribas Financial Markets grew its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 24.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,081 shares of the real estate investment trust’s stock after buying an additional 22,169 shares during the quarter. BNP Paribas Financial Markets’ holdings in Cousins Properties were worth $3,334,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Cousins Properties by 368.7% during the 3rd 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 acquiring an additional 615,118 shares during the last quarter. Jennison Associates LLC boosted its holdings in Cousins Properties by 15.9% in the third quarter. Jennison Associates LLC now owns 2,205,415 shares of the real estate investment trust’s stock worth $65,016,000 after purchasing an additional 302,309 shares during the last quarter. AXA S.A. bought a new stake in Cousins Properties in the 2nd quarter worth approximately $597,000. Point72 DIFC Ltd raised its stake in Cousins Properties by 240.7% during the 2nd quarter. Point72 DIFC Ltd now owns 29,757 shares of the real estate investment trust’s stock valued at $689,000 after buying an additional 21,022 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Cousins Properties during the 3rd quarter valued at $863,000. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Trading Down 0.5 %

Shares of Cousins Properties stock opened at $30.59 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. The company has a fifty day moving average of $30.74 and a 200 day moving average of $27.38. The company has a market capitalization of $4.65 billion, a P/E ratio of 92.70, a P/E/G ratio of 4.11 and a beta of 1.29. Cousins Properties Incorporated has a fifty-two week low of $21.58 and a fifty-two week high of $32.55.

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

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, October 3rd were given a dividend of $0.32 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.18%. Cousins Properties’s dividend payout ratio is 387.88%.

Wall Street Analyst Weigh In

CUZ has been the subject of a number of research reports. Wells Fargo & Company upped their price objective on Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Barclays boosted their price target on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. BMO Capital Markets downgraded Cousins Properties from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $31.00 to $32.00 in a research note on Tuesday. Finally, Robert W. Baird lifted 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. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.57.

About Cousins Properties

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.