Meiji Yasuda Asset Management Co Ltd. Boosts Stake in Cousins Properties Incorporated (NYSE:CUZ)

Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Cousins Properties Incorporated (NYSE:CUZGet Rating) by 2.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 42,854 shares of the real estate investment trust’s stock after purchasing an additional 1,004 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Cousins Properties were worth $1,001,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. PGGM Investments acquired a new stake in Cousins Properties during the 3rd quarter worth approximately $65,105,000. Cohen & Steers Inc. lifted its holdings in Cousins Properties by 37.8% during the 3rd quarter. Cohen & Steers Inc. now owns 9,296,813 shares of the real estate investment trust’s stock worth $217,081,000 after buying an additional 2,548,134 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Cousins Properties by 73.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 4,615,655 shares of the real estate investment trust’s stock worth $107,775,000 after buying an additional 1,948,186 shares in the last quarter. State Street Corp raised its holdings in shares of Cousins Properties by 14.1% in the 1st quarter. State Street Corp now owns 8,217,746 shares of the real estate investment trust’s stock valued at $331,093,000 after purchasing an additional 1,015,078 shares in the last quarter. Finally, Citadel Advisors LLC raised its holdings in shares of Cousins Properties by 264.8% in the 3rd quarter. Citadel Advisors LLC now owns 772,855 shares of the real estate investment trust’s stock valued at $18,046,000 after purchasing an additional 560,980 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Insiders Place Their Bets

In other Cousins Properties news, EVP John S. Mccoll sold 36,975 shares of the firm’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $24.93, for a total transaction of $921,786.75. Following the transaction, the executive vice president now directly owns 30,814 shares of the company’s stock, valued at approximately $768,193.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by insiders.

Cousins Properties Price Performance

Shares of NYSE:CUZ opened at $21.17 on Wednesday. The company’s fifty day moving average price is $25.49 and its 200 day moving average price is $25.12. Cousins Properties Incorporated has a 12 month low of $20.82 and a 12 month high of $41.69. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.73 and a quick ratio of 0.73. The firm has a market capitalization of $3.21 billion, a P/E ratio of 19.07, a P/E/G ratio of 2.26 and a beta of 1.12.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Wednesday, January 4th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 6.05%. The ex-dividend date was Tuesday, January 3rd. Cousins Properties’s payout ratio is currently 115.32%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CUZ. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Monday, January 30th. BMO Capital Markets began coverage on shares of Cousins Properties in a report on Monday, December 12th. They issued an “outperform” rating and a $29.00 price objective on the stock. Wells Fargo & Company raised their price objective on shares of Cousins Properties to $29.00 in a report on Wednesday, December 14th. Mizuho lowered shares of Cousins Properties from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $29.00 to $22.00 in a report on Wednesday, January 4th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Cousins Properties to $29.00 in a report on Thursday, December 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $29.25.

Cousins Properties Profile

(Get Rating)

Cousins Properties, Inc engages in the development, acquisition, leasing and management of real estate assets. It invests in urban office towers located in Sunbelt markets. The company was founded by Thomas G. Cousins in 1958 and is headquartered in Atlanta, GA.

Further Reading

Want to see what other hedge funds are holding CUZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cousins Properties Incorporated (NYSE:CUZGet Rating).

Institutional Ownership by Quarter for Cousins Properties (NYSE:CUZ)

Receive News & Ratings for Cousins Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties and related companies with MarketBeat.com's FREE daily email newsletter.