Ameritas Investment Partners Inc. Has $1.20 Million Stake in Cousins Properties Incorporated (NYSE:CUZ)

Ameritas Investment Partners Inc. trimmed its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 1.1% during the first quarter, Holdings Channel.com reports. The firm owned 49,868 shares of the real estate investment trust’s stock after selling 571 shares during the period. Ameritas Investment Partners Inc.’s holdings in Cousins Properties were worth $1,199,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue raised its position in shares of Cousins Properties by 0.6% during the first quarter. State of Alaska Department of Revenue now owns 88,588 shares of the real estate investment trust’s stock worth $2,128,000 after purchasing an additional 486 shares during the period. Retirement Systems of Alabama raised its position in shares of Cousins Properties by 0.3% during the first quarter. Retirement Systems of Alabama now owns 190,589 shares of the real estate investment trust’s stock worth $4,582,000 after purchasing an additional 498 shares during the period. Treasurer of the State of North Carolina raised its position in shares of Cousins Properties by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 67,107 shares of the real estate investment trust’s stock worth $1,634,000 after purchasing an additional 650 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Cousins Properties by 5.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,952 shares of the real estate investment trust’s stock worth $369,000 after purchasing an additional 769 shares during the period. Finally, Truist Financial Corp raised its position in shares of Cousins Properties by 5.3% during the fourth quarter. Truist Financial Corp now owns 15,558 shares of the real estate investment trust’s stock worth $379,000 after purchasing an additional 781 shares during the period. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Stock Up 1.1 %

NYSE CUZ traded up $0.26 on Tuesday, reaching $24.77. The company had a trading volume of 1,371,287 shares, compared to its average volume of 1,395,201. The stock has a market capitalization of $3.77 billion, a P/E ratio of 50.55, a P/E/G ratio of 4.00 and a beta of 1.30. The company’s fifty day moving average is $23.28 and its 200 day moving average is $23.22. Cousins Properties Incorporated has a 52-week low of $17.40 and a 52-week high of $25.48. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.57.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.54). The business had revenue of $209.20 million during the quarter, compared to the consensus estimate of $199.35 million. Cousins Properties had a net margin of 9.15% and a return on equity of 1.62%. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 EPS. Sell-side analysts anticipate that Cousins Properties Incorporated will post 2.65 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Wednesday, July 3rd were paid a $0.32 dividend. The ex-dividend date was Wednesday, July 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 5.17%. Cousins Properties’s dividend payout ratio (DPR) is presently 261.22%.

Wall Street Analysts Forecast Growth

CUZ has been the topic of a number of research reports. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Barclays lowered their price target on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday, March 27th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $23.67.

Insider Buying and Selling at Cousins Properties

In other Cousins Properties news, CFO Gregg D. Adzema sold 71,097 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $23.31, for a total value of $1,657,271.07. Following the completion of the transaction, the chief financial officer now owns 85,872 shares in the company, valued at approximately $2,001,676.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

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.