Pensionfund DSM Netherlands Has $1.10 Million Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Pensionfund DSM Netherlands decreased its stake in Cousins Properties Incorporated (NYSE:CUZ) by 18.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 35,977 shares of the real estate investment trust’s stock after selling 8,000 shares during the quarter. Pensionfund DSM Netherlands’ holdings in Cousins Properties were worth $1,102,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Larson Financial Group LLC increased its holdings in shares of Cousins Properties by 49.7% during the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 438 shares in the last quarter. Signaturefd LLC raised 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 valued at $82,000 after purchasing an additional 651 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Cousins Properties during the second quarter valued at about $115,000. Quarry LP boosted its stake in shares of Cousins Properties by 74.5% during the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 1,697 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Cousins Properties by 168.0% during the third quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 2,543 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Stock Up 0.5 %

Shares of NYSE:CUZ traded up $0.15 during mid-day trading on Monday, hitting $30.70. 54,142 shares of the company traded hands, compared to its average volume of 1,293,334. The stock has a market cap of $4.85 billion, a P/E ratio of 93.03, a P/E/G ratio of 4.02 and a beta of 1.29. The stock has a 50-day moving average price of $30.88 and a two-hundred day moving average price of $28.51. Cousins Properties Incorporated has a 12-month low of $21.58 and a 12-month high of $32.55. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60.

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

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, January 3rd will be issued a dividend of $0.32 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.17%. Cousins Properties’s dividend payout ratio (DPR) is presently 387.88%.

Analysts Set New Price Targets

Several research firms recently commented on CUZ. Truist Financial lifted their target price on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Robert W. Baird lifted their price target on shares of Cousins Properties from $33.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, December 12th. Evercore ISI increased their price objective on Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Wells Fargo & Company lifted their target price on Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, KeyCorp raised Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a research note on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.50.

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.