Swiss National Bank Lowers Position in Cousins Properties Incorporated (NYSE:CUZ)

Swiss National Bank lessened its stake in Cousins Properties Incorporated (NYSE:CUZ) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 296,833 shares of the real estate investment trust’s stock after selling 2,200 shares during the period. Swiss National Bank’s holdings in Cousins Properties were worth $8,751,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. raised its stake in shares of Cousins Properties by 130.8% during the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 858 shares during the period. Versant Capital Management Inc raised its stake in shares of Cousins Properties by 3,236.7% during the 2nd quarter. Versant Capital Management Inc now owns 1,635 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 1,586 shares during the period. Abich Financial Wealth Management LLC acquired a new position in shares of Cousins Properties during the 1st quarter worth approximately $43,000. Signaturefd LLC raised its stake in Cousins Properties by 30.8% in the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 651 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Cousins Properties in the 2nd quarter valued at $115,000. 94.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Evercore ISI increased their price objective on Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. Truist Financial increased their price objective on Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 30th. StockNews.com raised Cousins Properties from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Barclays increased their price objective on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Finally, Robert W. Baird increased their price objective on Cousins Properties from $31.00 to $33.00 and gave the company an “outperform” rating in a research note on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Cousins Properties has an average rating of “Moderate Buy” and a consensus target price of $31.50.

Cousins Properties Stock Up 0.6 %

Shares of NYSE CUZ opened at $31.90 on Tuesday. The company has a market capitalization of $4.85 billion, a P/E ratio of 96.67, a P/E/G ratio of 4.23 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The company has a 50 day simple moving average of $30.40 and a 200-day simple moving average of $26.95. Cousins Properties Incorporated has a 1 year low of $19.48 and a 1 year high of $32.52.

Cousins Properties (NYSE:CUZ) last posted its earnings results 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). Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The business had revenue of $209.21 million for the quarter, compared to analyst estimates of $212.54 million. During the same period last year, the business earned $0.65 EPS. Cousins Properties’s revenue was up 5.2% compared to the same quarter last year. On average, equities research analysts predict that Cousins Properties Incorporated will post 2.68 earnings per share for the current year.

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, October 3rd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Thursday, October 3rd. Cousins Properties’s payout ratio is 387.88%.

Insider Buying and Selling

In related news, CAO Jeffrey D. Symes sold 5,997 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $28.13, for a total transaction of $168,695.61. Following the completion of the sale, the chief accounting officer now directly owns 12,529 shares of the company’s stock, valued at approximately $352,440.77. This trade represents a 32.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

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.