Securian Asset Management Inc lowered its holdings in shares of Cousins Properties Inc (NYSE:CUZ) by 45.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 408,010 shares of the real estate investment trust’s stock after selling 339,567 shares during the quarter. Securian Asset Management Inc’s holdings in Cousins Properties were worth $3,224,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. First Mercantile Trust Co. boosted its position in Cousins Properties by 27.9% during the fourth quarter. First Mercantile Trust Co. now owns 8,330 shares of the real estate investment trust’s stock worth $66,000 after purchasing an additional 1,815 shares in the last quarter. Berkeley Capital Partners LLC purchased a new position in Cousins Properties during the fourth quarter worth approximately $87,000. First Hawaiian Bank boosted its position in Cousins Properties by 11.8% during the fourth quarter. First Hawaiian Bank now owns 11,140 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 1,180 shares in the last quarter. Laurion Capital Management LP purchased a new position in Cousins Properties during the third quarter worth approximately $143,000. Finally, GSA Capital Partners LLP purchased a new position in Cousins Properties during the third quarter worth approximately $195,000.
A number of brokerages have issued reports on CUZ. Zacks Investment Research upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. ValuEngine upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $9.69.
NYSE CUZ opened at $9.25 on Friday. The company has a market capitalization of $3.91 billion, a PE ratio of 14.68, a PEG ratio of 4.41 and a beta of 1.00. Cousins Properties Inc has a 1-year low of $7.53 and a 1-year high of $9.88. The company has a current ratio of 0.90, a quick ratio of 1.49 and a debt-to-equity ratio of 0.38.
Cousins Properties (NYSE:CUZ) last released its earnings results on Wednesday, February 6th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. The business had revenue of $122.68 million for the quarter, compared to the consensus estimate of $118.30 million. Cousins Properties had a return on equity of 2.81% and a net margin of 16.76%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.15 earnings per share. On average, research analysts predict that Cousins Properties Inc will post 0.64 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, January 14th. Stockholders of record on Friday, January 4th were given a $0.065 dividend. The ex-dividend date was Thursday, January 3rd. This represents a $0.26 annualized dividend and a dividend yield of 2.81%. Cousins Properties’s dividend payout ratio (DPR) is presently 41.27%.
About Cousins Properties
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.
Featured Story: Can individual investors take part in an IPO?
Want to see what other hedge funds are holding CUZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cousins Properties Inc (NYSE:CUZ).
Receive News & Ratings for Cousins Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties and related companies with MarketBeat.com's FREE daily email newsletter.