Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by Swedbank AB

Swedbank AB lessened its stake in Cousins Properties Incorporated (NYSE:CUZ) by 17.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 409,750 shares of the real estate investment trust’s stock after selling 87,069 shares during the period. Swedbank AB owned 0.26% of Cousins Properties worth $12,555,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CUZ. UMB Bank n.a. increased its holdings in shares of Cousins Properties by 67.4% in the fourth 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. Larson Financial Group LLC grew 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 increased its stake in Cousins Properties by 30.8% in the 3rd 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 period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Cousins Properties during the 2nd quarter worth $115,000. Finally, Quarry LP lifted its stake in shares of Cousins Properties by 74.5% in the 3rd 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 period. 94.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CUZ shares. KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a report on Tuesday, December 17th. Jefferies Financial Group raised Cousins Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $33.00 to $36.00 in a research note on Thursday, January 2nd. BMO Capital Markets downgraded Cousins Properties from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Robert W. Baird increased their price objective on Cousins Properties from $33.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Finally, Truist Financial boosted their target price on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Cousins Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.22.

Cousins Properties Stock Performance

NYSE:CUZ opened at $30.54 on Friday. Cousins Properties Incorporated has a twelve month low of $21.58 and a twelve month high of $32.55. The company has a market capitalization of $4.83 billion, a P/E ratio of 92.55, a price-to-earnings-growth ratio of 3.78 and a beta of 1.29. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $30.49 and a two-hundred day moving average price of $29.44.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.19%. Cousins Properties’s dividend payout ratio is currently 387.88%.

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.