Nomura Asset Management Co. Ltd. Boosts Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Nomura Asset Management Co. Ltd. grew its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 11.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 213,600 shares of the real estate investment trust’s stock after purchasing an additional 22,510 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.14% of Cousins Properties worth $6,545,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in Cousins Properties by 1,609.3% during the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 869 shares in the last quarter. UMB Bank n.a. lifted its stake in shares of Cousins Properties by 67.4% in 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 during the period. Quarry LP boosted 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 valued at $117,000 after purchasing an additional 1,697 shares in the last quarter. BankPlus Trust Department purchased a new stake in Cousins Properties in the fourth quarter worth $142,000. Finally, Assetmark Inc. raised its holdings in Cousins Properties by 15.3% in the fourth quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 794 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Jefferies Financial Group initiated coverage on shares of Cousins Properties in a report on Monday, March 17th. They set a “buy” rating and a $35.00 target price on the stock. BMO Capital Markets lowered shares of Cousins Properties from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $31.00 to $32.00 in a research note on Tuesday, December 3rd. KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 target price for the company in a research note on Tuesday, December 17th. Barclays dropped their price target on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Finally, 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 report on Wednesday, December 18th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.89.

Cousins Properties Stock Down 0.2 %

CUZ stock opened at $29.49 on Tuesday. The stock has a market capitalization of $4.95 billion, a P/E ratio of 98.28, a P/E/G ratio of 2.98 and a beta of 1.28. 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 1-year low of $21.58 and a 1-year high of $32.55. The business has a fifty day moving average price of $29.93 and a 200-day moving average price of $30.25.

Cousins Properties (NYSE:CUZ) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. Equities analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.34%. Cousins Properties’s dividend payout ratio is presently 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.