Barclays PLC Sells 840 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Barclays PLC cut its position in Cousins Properties Incorporated (NYSE:CUZ) by 0.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,727 shares of the real estate investment trust’s stock after selling 840 shares during the quarter. Barclays PLC’s holdings in Cousins Properties were worth $2,616,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in Cousins Properties by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust’s stock valued at $357,910,000 after acquiring an additional 458,387 shares during the period. State Street Corp raised its position in shares of Cousins Properties by 0.6% in the third quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock valued at $224,251,000 after purchasing an additional 48,668 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Cousins Properties by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,488,358 shares of the real estate investment trust’s stock valued at $73,357,000 after buying an additional 82,521 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Cousins Properties by 3,768.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock worth $68,907,000 after buying an additional 2,276,986 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Cousins Properties by 4.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,214,595 shares of the real estate investment trust’s stock valued at $51,266,000 after buying an additional 98,222 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on CUZ. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Truist Financial raised their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Robert W. Baird upped their price target on Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Barclays raised their price objective on shares of Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company upped their target price on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.14.

Cousins Properties Trading Up 1.2 %

Shares of CUZ opened at $30.51 on Wednesday. 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 1-year low of $21.58 and a 1-year high of $32.55. The company has a market capitalization of $4.82 billion, a P/E ratio of 92.45, a P/E/G ratio of 4.02 and a beta of 1.29. The firm’s 50 day simple moving average is $31.02 and its 200 day simple moving average is $28.12.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data 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 company 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%. The business’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share. Sell-side analysts forecast that Cousins Properties Incorporated will post 2.68 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.32 per share. The ex-dividend date is Friday, January 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.20%. Cousins Properties’s dividend payout ratio (DPR) is presently 387.88%.

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.