Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by Nkcfo LLC

Nkcfo LLC cut its stake in Cousins Properties Incorporated (NYSE:CUZ) by 11.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,500 shares of the real estate investment trust’s stock after selling 19,500 shares during the quarter. Cousins Properties comprises about 2.0% of Nkcfo LLC’s investment portfolio, making the stock its 13th biggest position. Nkcfo LLC owned 0.10% of Cousins Properties worth $4,642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of CUZ. UMB Bank n.a. grew its holdings in Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 395 shares in the last quarter. Larson Financial Group LLC boosted its position in Cousins Properties by 49.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 438 shares during the last quarter. Signaturefd LLC grew its stake in shares of Cousins Properties by 30.8% during the third 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 in the last quarter. Quarry LP increased its position in shares of Cousins Properties by 74.5% during the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 1,697 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of Cousins Properties by 168.0% in the third quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 2,543 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CUZ. Truist Financial raised their price objective on Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Mizuho raised shares of Cousins Properties from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $22.00 to $30.00 in a research report on Tuesday, January 7th. Wells Fargo & Company lifted their price target on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. BMO Capital Markets downgraded shares of Cousins Properties from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Finally, StockNews.com downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Cousins Properties presently has an average rating of “Moderate Buy” and an average price target of $33.11.

Cousins Properties Stock Performance

Shares of NYSE CUZ opened at $29.93 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $30.30 and its two-hundred day moving average price is $29.81. Cousins Properties Incorporated has a 52-week low of $21.58 and a 52-week high of $32.55. The stock has a market capitalization of $4.73 billion, a P/E ratio of 99.75, a P/E/G ratio of 3.95 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.03% and a net margin of 5.36%. As a group, sell-side analysts forecast that Cousins Properties Incorporated will post 2.73 earnings per share for the current year.

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were given a dividend of $0.32 per share. The ex-dividend date was Friday, January 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.28%. Cousins Properties’s dividend payout ratio is currently 426.67%.

About Cousins Properties

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.