Amalgamated Bank Reduces Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Amalgamated Bank reduced its position in shares of Cousins Properties Incorporated (NYSE:CUZFree Report) by 4.1% in the third quarter, Holdings Channel reports. The firm owned 94,933 shares of the real estate investment trust’s stock after selling 4,040 shares during the quarter. Amalgamated Bank’s holdings in Cousins Properties were worth $1,934,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CUZ. Victory Capital Management Inc. boosted its holdings in shares of Cousins Properties by 6.3% during the 2nd quarter. Victory Capital Management Inc. now owns 27,048 shares of the real estate investment trust’s stock valued at $617,000 after acquiring an additional 1,609 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Cousins Properties by 1.0% during the 2nd quarter. Swiss National Bank now owns 330,233 shares of the real estate investment trust’s stock valued at $7,529,000 after acquiring an additional 3,400 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Cousins Properties by 3.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 61,526 shares of the real estate investment trust’s stock valued at $1,403,000 after acquiring an additional 2,289 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of Cousins Properties during the 3rd quarter valued at about $1,538,000. Finally, Shell Asset Management Co. boosted its holdings in shares of Cousins Properties by 55.6% during the 2nd quarter. Shell Asset Management Co. now owns 11,123 shares of the real estate investment trust’s stock valued at $254,000 after acquiring an additional 3,975 shares during the last quarter.

Cousins Properties Trading Up 3.7 %

Shares of CUZ opened at $23.73 on Tuesday. The company’s fifty day moving average is $23.48 and its 200 day moving average is $21.84. Cousins Properties Incorporated has a fifty-two week low of $17.40 and a fifty-two week high of $27.08. The stock has a market capitalization of $3.60 billion, a PE ratio of 43.15 and a beta of 1.29. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 0.76.

Cousins Properties (NYSE:CUZGet Free Report) last announced its quarterly earnings results 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 business had revenue of $197.00 million during the quarter, compared to the consensus estimate of $198.47 million. During the same quarter in the prior year, the firm posted $0.66 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts expect that Cousins Properties Incorporated will post 2.6 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Thursday, January 4th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date was Wednesday, January 3rd. Cousins Properties’s dividend payout ratio (DPR) is 232.73%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CUZ. Mizuho dropped their price target on shares of Cousins Properties from $22.00 to $19.00 and set an “underperform” rating on the stock in a report on Wednesday, October 18th. Truist Financial dropped their price objective on shares of Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Finally, JPMorgan Chase & Co. raised shares of Cousins Properties from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $26.00 to $27.00 in a report on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $24.80.

View Our Latest Analysis on Cousins Properties

Cousins Properties Profile

(Free Report)

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.

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:CUZFree Report).

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

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