Cousins Properties Incorporated (NYSE:CUZ) Stock Position Raised by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 12.0% during the 4th quarter, HoldingsChannel reports. The firm owned 110,507 shares of the real estate investment trust’s stock after buying an additional 11,845 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Cousins Properties were worth $3,376,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its holdings in shares of Cousins Properties by 0.8% during the fourth quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust’s stock valued at $1,353,000 after buying an additional 366 shares in the last quarter. UMB Bank n.a. boosted its position 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 worth $30,000 after acquiring an additional 395 shares during the period. Pacer Advisors Inc. grew its stake in Cousins Properties by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust’s stock valued at $695,000 after acquiring an additional 485 shares in the last quarter. Assetmark Inc. increased its holdings in shares of Cousins Properties by 15.3% in the 4th quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 794 shares during the period. Finally, Yousif Capital Management LLC lifted its position in shares of Cousins Properties by 1.5% in the fourth quarter. Yousif Capital Management LLC now owns 56,824 shares of the real estate investment trust’s stock worth $1,741,000 after purchasing an additional 829 shares in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CUZ has been the topic of several research reports. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. BMO Capital Markets cut Cousins Properties from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Truist Financial upped their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Barclays lowered their price target on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Monday, February 3rd. Finally, Jefferies Financial Group started coverage on shares of Cousins Properties in a research report on Monday, March 17th. They issued a “buy” rating and a $35.00 target price for the company. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cousins Properties has a consensus rating of “Moderate Buy” and a consensus target price of $32.89.

Cousins Properties Stock Performance

Shares of CUZ opened at $29.40 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. Cousins Properties Incorporated has a one year low of $21.58 and a one year high of $32.55. The company’s fifty day moving average price is $29.89 and its 200 day moving average price is $30.25. The company has a market capitalization of $4.94 billion, a PE ratio of 98.01, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. As a group, analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd will be paid a $0.32 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.35%. Cousins Properties’s payout ratio is 426.67%.

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.