Pensionfund DSM Netherlands trimmed its position in shares of Cousins Properties Inc (NYSE:CUZ) by 49.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,977 shares of the real estate investment trust’s stock after selling 85,023 shares during the quarter. Pensionfund DSM Netherlands owned approximately 0.08% of Cousins Properties worth $3,110,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in Cousins Properties by 11.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,373 shares of the real estate investment trust’s stock worth $97,000 after buying an additional 1,255 shares during the last quarter. United Services Automobile Association increased its stake in shares of Cousins Properties by 5.4% in the fourth quarter. United Services Automobile Association now owns 227,003 shares of the real estate investment trust’s stock worth $1,793,000 after purchasing an additional 11,600 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Cousins Properties by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,636,636 shares of the real estate investment trust’s stock worth $52,429,000 after purchasing an additional 37,710 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of Cousins Properties by 2.4% in the fourth quarter. California State Teachers Retirement System now owns 659,178 shares of the real estate investment trust’s stock worth $5,208,000 after purchasing an additional 15,618 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Cousins Properties by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 5,572,920 shares of the real estate investment trust’s stock worth $44,025,000 after purchasing an additional 373,383 shares in the last quarter.
Several equities analysts have recently weighed in on the stock. ValuEngine downgraded shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research downgraded shares of HEXO from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $10.67.
NYSE:CUZ traded up $0.46 during mid-day trading on Tuesday, hitting $36.58. 1,242,205 shares of the stock traded hands, compared to its average volume of 1,846,445. The firm’s 50-day moving average is $29.47. The company has a market cap of $3.84 billion, a P/E ratio of 14.52, a PEG ratio of 3.14 and a beta of 0.91. Cousins Properties Inc has a 12-month low of $30.12 and a 12-month high of $40.40. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.15 and a current ratio of 1.15.
Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.20 EPS for the quarter, meeting the consensus estimate of $0.20. The company had revenue of $123.30 million during the quarter, compared to analysts’ expectations of $122.55 million. Cousins Properties had a net margin of 20.18% and a return on equity of 3.49%. Cousins Properties’s revenue for the quarter was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.15 earnings per share. As a group, sell-side analysts predict that Cousins Properties Inc will post 2.88 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Wednesday, July 3rd were paid a dividend of $0.29 per share. The ex-dividend date was Tuesday, July 2nd. This represents a $1.16 annualized dividend and a yield of 3.17%. This is a boost from Cousins Properties’s previous quarterly dividend of $0.07. Cousins Properties’s payout ratio is currently 46.03%.
Cousins Properties Company Profile
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 towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.
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