CANADA LIFE ASSURANCE Co Has $6.51 Million Holdings in Cousins Properties Incorporated (NYSE:CUZ)

CANADA LIFE ASSURANCE Co boosted its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 270,983 shares of the real estate investment trust’s stock after buying an additional 9,102 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.18% of Cousins Properties worth $6,514,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in shares of Cousins Properties in the fourth quarter valued at approximately $31,000. Cetera Trust Company N.A acquired a new position in shares of Cousins Properties in the fourth quarter valued at approximately $156,000. Westend Capital Management LLC acquired a new position in shares of Cousins Properties in the first quarter valued at approximately $184,000. Spirit of America Management Corp NY grew its position in shares of Cousins Properties by 750.0% in the fourth quarter. Spirit of America Management Corp NY now owns 8,500 shares of the real estate investment trust’s stock valued at $207,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Bailard Inc. acquired a new position in shares of Cousins Properties in the fourth quarter valued at approximately $224,000. Institutional investors and hedge funds own 94.38% of the company’s stock.

Insiders Place Their Bets

In other Cousins Properties news, CFO Gregg D. Adzema sold 71,097 shares of the company’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $23.31, for a total transaction of $1,657,271.07. Following the completion of the sale, the chief financial officer now directly owns 85,872 shares in the company, valued at $2,001,676.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Cousins Properties has a consensus rating of “Hold” and an average price target of $23.67.

Cousins Properties Trading Up 8.2 %

Shares of CUZ stock opened at $27.25 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.57. The stock has a market cap of $4.14 billion, a P/E ratio of 55.61, a price-to-earnings-growth ratio of 4.17 and a beta of 1.30. The stock has a 50 day simple moving average of $23.40 and a 200 day simple moving average of $23.26. Cousins Properties Incorporated has a 1 year low of $17.40 and a 1 year high of $27.30.

Cousins Properties (NYSE:CUZ) last released its earnings results on Friday, April 26th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.54). Cousins Properties had a return on equity of 1.30% and a net margin of 7.25%. The business had revenue of $209.20 million for the quarter, compared to the consensus estimate of $199.35 million. During the same quarter in the previous year, the company earned $0.65 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. On average, research analysts predict that Cousins Properties Incorporated will post 2.65 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Wednesday, July 3rd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.70%. The ex-dividend date was Wednesday, July 3rd. Cousins Properties’s payout ratio is presently 261.22%.

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.