Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. reduced its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 24.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,415 shares of the real estate investment trust’s stock after selling 8,112 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Cousins Properties were worth $749,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CUZ. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Cousins Properties by 297.9% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 522,712 shares of the real estate investment trust’s stock valued at $15,409,000 after buying an additional 391,348 shares during the period. Jennison Associates LLC lifted its holdings in Cousins Properties by 15.9% in the 3rd quarter. Jennison Associates LLC now owns 2,205,415 shares of the real estate investment trust’s stock valued at $65,016,000 after acquiring an additional 302,309 shares during the last quarter. Quest Partners LLC boosted its position in shares of Cousins Properties by 1,690.7% during the 3rd quarter. Quest Partners LLC now owns 28,759 shares of the real estate investment trust’s stock valued at $848,000 after purchasing an additional 27,153 shares in the last quarter. Metis Global Partners LLC grew its stake in shares of Cousins Properties by 31.4% in the 3rd quarter. Metis Global Partners LLC now owns 15,666 shares of the real estate investment trust’s stock worth $462,000 after purchasing an additional 3,747 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Cousins Properties by 22.5% in the 3rd quarter. KBC Group NV now owns 4,892 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 897 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Stock Up 0.6 %

Cousins Properties stock opened at $31.72 on Friday. Cousins Properties Incorporated has a twelve month low of $19.48 and a twelve month high of $32.44. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market cap of $4.83 billion, a PE ratio of 96.12, a P/E/G ratio of 4.20 and a beta of 1.29. The firm’s 50 day moving average price is $30.40 and its two-hundred day moving average price is $26.90.

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

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.04%. Cousins Properties’s dividend payout ratio is 387.88%.

Insider Activity at Cousins Properties

In other Cousins Properties news, CAO Jeffrey D. Symes sold 5,997 shares of Cousins Properties stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $28.13, for a total value of $168,695.61. Following the completion of the sale, the chief accounting officer now directly owns 12,529 shares in the company, valued at $352,440.77. The trade was a 32.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on CUZ shares. Barclays lifted their price target on shares of Cousins Properties from $30.00 to $35.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Evercore ISI lifted their target price on Cousins Properties from $29.00 to $30.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Wells Fargo & Company upped their target price on Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Robert W. Baird lifted their price target on Cousins Properties from $31.00 to $33.00 and gave the stock an “outperform” rating in a research note on Monday, November 4th. Finally, Truist Financial upped their price objective on shares of Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cousins Properties has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

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.