Cousins Properties Incorporated (NYSE:CUZ) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,044 shares of the real estate investment trust’s stock after acquiring an additional 3,268 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Cousins Properties were worth $1,656,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CUZ. Jones Financial Companies Lllp raised its position in shares of Cousins Properties by 1,609.3% in the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 869 shares in the last quarter. UMB Bank n.a. increased its stake 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 worth $30,000 after buying an additional 395 shares during the last quarter. Larson Financial Group LLC raised its holdings in Cousins Properties by 49.7% in the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 438 shares in the last quarter. Quarry LP boosted its stake in Cousins Properties by 74.5% during 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, BankPlus Trust Department acquired a new position in Cousins Properties during the 4th quarter worth $142,000. Institutional investors and hedge funds own 94.38% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on CUZ shares. Barclays reduced their price target on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Monday, February 3rd. Truist Financial increased their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Jefferies Financial Group upgraded Cousins Properties from a “hold” rating to a “buy” rating and boosted their price target for the company from $33.00 to $36.00 in a report on Thursday, January 2nd. StockNews.com lowered Cousins Properties from a “hold” rating to a “sell” rating in a research report on Thursday, January 9th. Finally, BMO Capital Markets downgraded shares of Cousins Properties from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $31.00 to $32.00 in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cousins Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

Cousins Properties Price Performance

Shares of NYSE CUZ opened at $28.68 on Friday. Cousins Properties Incorporated has a 1-year low of $21.58 and a 1-year high of $32.55. The firm has a market capitalization of $4.81 billion, a PE ratio of 95.59, a P/E/G ratio of 2.98 and a beta of 1.28. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The business’s fifty day moving average price is $29.98 and its two-hundred day moving average price is $30.12.

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

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.46%. Cousins Properties’s dividend payout ratio (DPR) 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.