Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by Nkcfo LLC

Nkcfo LLC decreased its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 151,500 shares of the real estate investment trust’s stock after selling 19,500 shares during the period. Cousins Properties makes up 2.0% of Nkcfo LLC’s portfolio, making the stock its 13th biggest position. Nkcfo LLC’s holdings in Cousins Properties were worth $4,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CUZ. UMB Bank n.a. raised 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 worth $30,000 after buying an additional 395 shares in the last quarter. Larson Financial Group LLC grew its holdings in 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 acquiring an additional 438 shares during the period. Signaturefd LLC raised 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 worth $82,000 after acquiring an additional 651 shares in the last quarter. Quarry LP lifted its holdings in Cousins Properties by 74.5% in the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 1,697 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Cousins Properties by 168.0% during the 3rd quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 2,543 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CUZ shares. Mizuho upgraded shares of Cousins Properties from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $22.00 to $30.00 in a report on Tuesday, January 7th. Robert W. Baird upped their price target on Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. StockNews.com downgraded Cousins Properties from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Wells Fargo & Company lifted their target price on Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Barclays reduced their target price on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

Cousins Properties Stock Performance

Shares of CUZ stock opened at $29.93 on Friday. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 99.75, a P/E/G ratio of 3.95 and a beta of 1.29. Cousins Properties Incorporated has a 1-year low of $21.58 and a 1-year high of $32.55. 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 stock’s fifty day simple moving average is $30.30 and its 200-day simple moving average is $29.81.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.03% and a net margin of 5.36%. On average, sell-side analysts predict that Cousins Properties Incorporated will post 2.73 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.28 annualized dividend and a yield of 4.28%. 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.