Shell Asset Management Co. Has $181,000 Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Shell Asset Management Co. lowered its stake in shares of Cousins Properties Incorporated (NYSE:CUZ – Get Rating) by 16.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,172 shares of the real estate investment trust’s stock after selling 1,434 shares during the period. Shell Asset Management Co.’s holdings in Cousins Properties were worth $181,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Cousins Properties by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 21,940,185 shares of the real estate investment trust’s stock valued at $512,303,000 after purchasing an additional 315,202 shares during the last quarter. BlackRock Inc. boosted its stake in Cousins Properties by 1.3% during the 3rd quarter. BlackRock Inc. now owns 18,540,573 shares of the real estate investment trust’s stock valued at $432,924,000 after purchasing an additional 229,754 shares during the last quarter. Cohen & Steers Inc. boosted its stake 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 valued at $217,081,000 after purchasing an additional 2,548,134 shares during the last quarter. State Street Corp boosted its stake in Cousins Properties by 14.1% during 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 during the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Cousins Properties by 2.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,735,583 shares of the real estate investment trust’s stock valued at $119,763,000 after purchasing an additional 119,928 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

Insider Activity

In other news, EVP John S. Mccoll sold 36,975 shares of the business’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 completion of the transaction, the executive vice president now directly owns 30,814 shares in the company, valued at approximately $768,193.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on CUZ shares. Evercore ISI dropped their target price on shares of Cousins Properties from $27.00 to $25.00 and set an “outperform” rating on the stock in a research report on Monday, March 27th. BMO Capital Markets dropped their target price on shares of Cousins Properties from $28.00 to $24.00 in a research report on Monday, March 20th. StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird lifted their target price on shares of Cousins Properties from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 14th. Finally, Jefferies Financial Group started coverage on shares of Cousins Properties in a research report on Thursday, April 20th. They set a “hold” rating and a $21.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Cousins Properties has a consensus rating of “Hold” and an average price target of $26.00.

Cousins Properties Stock Up 0.0 %

CUZ opened at $20.71 on Thursday. The company has a fifty day moving average price of $21.24 and a 200-day moving average price of $23.90. The firm has a market capitalization of $3.14 billion, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 2.40 and a beta of 1.12. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.00 and a quick ratio of 1.00. Cousins Properties Incorporated has a one year low of $18.06 and a one year high of $34.98.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 14th. Stockholders of record on Wednesday, April 5th were given a dividend of $0.32 per share. The ex-dividend date was Tuesday, April 4th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.18%. Cousins Properties’s dividend payout ratio (DPR) is currently 119.63%.

Cousins Properties Company 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.