Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,714 shares of the real estate investment trust’s stock after selling 4,065 shares during the period. Nisa Investment Advisors LLC’s holdings in Cousins Properties were worth $1,405,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CUZ. HighTower Advisors LLC boosted its stake in Cousins Properties by 24.3% during the 1st quarter. HighTower Advisors LLC now owns 8,349 shares of the real estate investment trust’s stock valued at $336,000 after purchasing an additional 1,633 shares during the period. PNC Financial Services Group Inc. boosted its stake in Cousins Properties by 2.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,922 shares of the real estate investment trust’s stock valued at $600,000 after purchasing an additional 306 shares during the period. AlphaCrest Capital Management LLC acquired a new position in Cousins Properties during the 1st quarter valued at about $287,000. Natixis Advisors L.P. boosted its stake in Cousins Properties by 13.1% during the 1st quarter. Natixis Advisors L.P. now owns 16,971 shares of the real estate investment trust’s stock valued at $684,000 after purchasing an additional 1,969 shares during the period. Finally, Bank of Montreal Can boosted its stake in Cousins Properties by 115.7% during the 1st quarter. Bank of Montreal Can now owns 66,926 shares of the real estate investment trust’s stock valued at $2,752,000 after purchasing an additional 35,897 shares during the period. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Stock Down 1.4 %

CUZ stock opened at $22.49 on Monday. Cousins Properties Incorporated has a 12 month low of $17.40 and a 12 month high of $25.19. The firm has a market cap of $3.42 billion, a PE ratio of 40.89, a P/E/G ratio of 6.07 and a beta of 1.27. The firm has a 50 day simple moving average of $23.12 and a 200 day simple moving average of $21.99. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.76 and a quick ratio of 0.76.

Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, February 7th. The real estate investment trust reported $0.12 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.53). Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. The business had revenue of $197.00 million for the quarter, compared to analyst estimates of $198.47 million. During the same period in the prior year, the company earned $0.66 earnings per share. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. Equities research analysts forecast that Cousins Properties Incorporated will post 2.61 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, April 4th will be given a $0.32 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 5.69%. Cousins Properties’s dividend payout ratio (DPR) is presently 232.73%.

Wall Street Analyst Weigh In

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

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.