Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by Cetera Trust Company N.A

Cetera Trust Company N.A reduced its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,775 shares of the real estate investment trust’s stock after selling 600 shares during the period. Cetera Trust Company N.A’s holdings in Cousins Properties were worth $269,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CUZ. UMB Bank n.a. lifted 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. Larson Financial Group LLC lifted its holdings in shares of Cousins Properties by 49.7% during the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 438 shares during the period. Signaturefd LLC boosted its position in Cousins Properties by 30.8% in the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 651 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in Cousins Properties in the 2nd quarter worth approximately $115,000. Finally, Quarry LP raised its position in Cousins Properties by 74.5% during the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 1,697 shares during the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

Cousins Properties Trading Down 0.7 %

Shares of CUZ opened at $30.96 on Wednesday. The stock has a market cap of $4.90 billion, a PE ratio of 93.61, a price-to-earnings-growth ratio of 3.94 and a beta of 1.29. Cousins Properties Incorporated has a 52-week low of $21.58 and a 52-week high of $32.55. The firm’s fifty day moving average is $30.60 and its two-hundred day moving average is $29.08. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60.

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

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s dividend payout ratio is presently 387.88%.

Wall Street Analyst Weigh In

CUZ has been the topic of a number of research reports. KeyCorp upgraded shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective on the stock in a research note on Tuesday, December 17th. Barclays increased their price target on Cousins Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Monday, January 13th. Mizuho upgraded Cousins Properties from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. Robert W. Baird lifted their price target on Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Jefferies Financial Group raised Cousins Properties from a “hold” rating to a “buy” rating and boosted their price target for the company from $33.00 to $36.00 in a report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.22.

Cousins Properties 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.