Spirit of America Management Corp NY Has $207,000 Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Spirit of America Management Corp NY lifted its position in shares of Cousins Properties Incorporated (NYSE:CUZFree Report) by 750.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,500 shares of the real estate investment trust’s stock after purchasing an additional 7,500 shares during the period. Spirit of America Management Corp NY’s holdings in Cousins Properties were worth $207,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in Cousins Properties by 2.1% during the first quarter. PNC Financial Services Group Inc. now owns 14,922 shares of the real estate investment trust’s stock worth $600,000 after buying an additional 306 shares in the last quarter. Osaic Holdings Inc. grew its holdings in Cousins Properties by 1.6% during the second quarter. Osaic Holdings Inc. now owns 32,211 shares of the real estate investment trust’s stock worth $649,000 after buying an additional 494 shares in the last quarter. Covestor Ltd grew its holdings 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 buying an additional 495 shares in the last quarter. Captrust Financial Advisors grew its holdings in Cousins Properties by 4.6% during the second quarter. Captrust Financial Advisors now owns 11,564 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 512 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in Cousins Properties by 1.4% during the first quarter. Deutsche Bank AG now owns 38,556 shares of the real estate investment trust’s stock worth $824,000 after buying an additional 516 shares in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on CUZ. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th. Truist Financial reduced their price objective on Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Tuesday, January 16th. Barclays reduced their price objective on Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, March 27th. Finally, JPMorgan Chase & Co. upgraded Cousins Properties from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $26.00 to $27.00 in a research note on Monday, December 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $23.29.

Read Our Latest Stock Report on Cousins Properties

Cousins Properties Stock Performance

Shares of CUZ opened at $24.04 on Monday. The stock’s 50-day simple moving average is $23.18 and its 200 day simple moving average is $21.89. The stock has a market capitalization of $3.66 billion, a price-to-earnings ratio of 43.71, a price-to-earnings-growth ratio of 6.50 and a beta of 1.27. 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 Incorporated has a 52-week low of $17.40 and a 52-week high of $25.19.

Cousins Properties (NYSE:CUZGet Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.53). The company had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $198.47 million. Cousins Properties had a return on equity of 1.81% and a net margin of 10.33%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. Research analysts forecast that Cousins Properties Incorporated will post 2.61 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, April 4th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 5.32%. Cousins Properties’s payout ratio is currently 232.73%.

Cousins Properties Profile

(Free Report)

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.

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

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