Strs Ohio Sells 53,070 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Strs Ohio trimmed its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 15.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 288,379 shares of the real estate investment trust’s stock after selling 53,070 shares during the quarter. Strs Ohio’s holdings in Cousins Properties were worth $7,022,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Belpointe Asset Management LLC boosted its position in Cousins Properties by 104.9% during the first quarter. Belpointe Asset Management LLC now owns 1,348 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 690 shares during the period. PARK CIRCLE Co bought a new position in Cousins Properties during the third quarter worth $31,000. Lazard Asset Management LLC bought a new position in Cousins Properties during the first quarter worth $39,000. Covestor Ltd boosted its position in Cousins Properties by 89.2% during the first quarter. Covestor Ltd now owns 1,050 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 495 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in Cousins Properties by 160.9% during the first quarter. Brown Brothers Harriman & Co. now owns 1,234 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 761 shares during the period. 94.38% of the stock is owned by institutional investors.

Cousins Properties Trading Up 0.7 %

CUZ opened at $21.90 on Thursday. Cousins Properties Incorporated has a twelve month low of $17.40 and a twelve month high of $25.19. The company has a 50-day simple moving average of $23.12 and a 200 day simple moving average of $22.01. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 39.81, a P/E/G ratio of 5.96 and a beta of 1.27.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.53). Cousins Properties had a return on equity of 1.81% and a net margin of 10.33%. The firm had revenue of $197.00 million for the quarter, compared to the consensus estimate of $198.47 million. During the same period in the prior year, the company earned $0.66 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. Analysts predict that Cousins Properties Incorporated will post 2.61 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, April 4th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $1.28 annualized dividend and a yield of 5.85%. Cousins Properties’s dividend payout ratio is 232.73%.

Wall Street Analyst Weigh In

CUZ has been the subject of a number of recent research reports. Truist Financial reduced their target price on shares of Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, January 16th. Barclays reduced their target price on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, March 27th. Finally, StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $23.29.

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.