Cousins Properties Incorporated (NYSE:CUZ) Shares Acquired by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co lifted its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 69.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 81,500 shares of the real estate investment trust’s stock after acquiring an additional 33,500 shares during the period. Ilmarinen Mutual Pension Insurance Co owned 0.05% of Cousins Properties worth $2,497,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Cousins Properties by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust’s stock worth $759,936,000 after purchasing an additional 985,934 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Cousins Properties by 11.1% during the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust’s stock worth $413,375,000 after buying an additional 1,350,352 shares during the last quarter. State Street Corp raised its position in shares of Cousins Properties by 0.6% during the 3rd quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock valued at $224,251,000 after buying an additional 48,668 shares during the period. Centersquare Investment Management LLC lifted its holdings in Cousins Properties by 11.7% in the fourth quarter. Centersquare Investment Management LLC now owns 5,600,905 shares of the real estate investment trust’s stock valued at $171,612,000 after acquiring an additional 585,659 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Cousins Properties by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 3,072,221 shares of the real estate investment trust’s stock worth $94,160,000 after acquiring an additional 208,044 shares during the period. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Stock Performance

Shares of CUZ stock opened at $26.01 on Friday. Cousins Properties Incorporated has a 52 week low of $21.58 and a 52 week high of $32.55. The firm has a 50 day moving average of $29.72 and a two-hundred day moving average of $30.21. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $4.37 billion, a PE ratio of 86.70, a P/E/G ratio of 2.98 and a beta of 1.24.

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

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.28 annualized dividend and a yield of 4.92%. Cousins Properties’s dividend payout ratio (DPR) is 426.67%.

Analyst Upgrades and Downgrades

CUZ has been the topic of a number of research analyst reports. Truist Financial lifted their target price on Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Jefferies Financial Group started coverage on shares of Cousins Properties in a research report on Monday, March 17th. They issued a “buy” rating and a $35.00 target price on the stock. Robert W. Baird dropped their price target on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Monday, February 24th. Mizuho upgraded shares of Cousins Properties from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $22.00 to $30.00 in a report on Tuesday, January 7th. Finally, KeyCorp raised shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective for the company in a research report on Tuesday, December 17th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.89.

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.