Swedbank AB Has $14.65 Million Position in Cousins Properties Incorporated (NYSE:CUZ)

Swedbank AB cut its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 15.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 496,819 shares of the real estate investment trust’s stock after selling 87,546 shares during the quarter. Swedbank AB owned about 0.33% of Cousins Properties worth $14,646,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. lifted its stake in shares of Cousins Properties by 2.2% in the 2nd quarter. Federated Hermes Inc. now owns 23,534 shares of the real estate investment trust’s stock valued at $545,000 after purchasing an additional 501 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Cousins Properties by 30.8% during the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 651 shares during the last quarter. Texas Permanent School Fund Corp raised its stake in shares of Cousins Properties by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 133,620 shares of the real estate investment trust’s stock valued at $3,093,000 after acquiring an additional 790 shares in the last quarter. Blue Trust Inc. boosted its position in Cousins Properties by 130.8% during the second quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 858 shares during the period. Finally, Arizona State Retirement System grew its holdings in Cousins Properties by 2.1% during the second quarter. Arizona State Retirement System now owns 42,573 shares of the real estate investment trust’s stock valued at $986,000 after purchasing an additional 862 shares during the last quarter. 94.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CUZ. Wells Fargo & Company boosted their target price on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research report on Monday, November 4th. Truist Financial raised their price target on shares of Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Evercore ISI increased their target price on shares of Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Finally, Robert W. Baird boosted their price target on Cousins Properties from $31.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Cousins Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

Insider Buying and Selling at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 5,997 shares of the firm’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $28.13, for a total transaction of $168,695.61. Following the completion of the sale, the chief accounting officer now owns 12,529 shares of the company’s stock, valued at approximately $352,440.77. This trade represents a 32.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.40% of the company’s stock.

Cousins Properties Price Performance

Shares of Cousins Properties stock opened at $31.75 on Wednesday. The firm has a market cap of $4.83 billion, a P/E ratio of 96.06, a price-to-earnings-growth ratio of 4.23 and a beta of 1.29. The firm’s 50-day simple moving average is $30.45 and its 200-day simple moving average is $27.01. Cousins Properties Incorporated has a twelve month low of $19.48 and a twelve month high of $32.52. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The company had revenue of $209.21 million for the quarter, compared to analyst estimates of $212.54 million. During the same period in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. As a group, research analysts expect that Cousins Properties Incorporated will post 2.68 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, October 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.03%. Cousins Properties’s payout ratio is presently 387.88%.

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.