Westpac Banking Corp Has $1.40 Million Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Westpac Banking Corp raised its position in Cousins Properties Incorporated (NYSE:CUZFree Report) by 2.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 57,327 shares of the real estate investment trust’s stock after acquiring an additional 1,184 shares during the period. Westpac Banking Corp’s holdings in Cousins Properties were worth $1,396,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Gotham Asset Management LLC raised its holdings in Cousins Properties by 10.0% during the third quarter. Gotham Asset Management LLC now owns 53,547 shares of the real estate investment trust’s stock worth $1,091,000 after buying an additional 4,884 shares during the last quarter. PGGM Investments raised its holdings in shares of Cousins Properties by 2.6% in the 3rd quarter. PGGM Investments now owns 2,046,403 shares of the real estate investment trust’s stock worth $41,685,000 after acquiring an additional 50,956 shares during the last quarter. Jump Financial LLC bought a new position in Cousins Properties in the 3rd quarter valued at about $1,538,000. Assenagon Asset Management S.A. boosted its stake in Cousins Properties by 4.4% during the 4th quarter. Assenagon Asset Management S.A. now owns 84,730 shares of the real estate investment trust’s stock valued at $2,063,000 after purchasing an additional 3,592 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its stake in Cousins Properties by 31.0% during the 3rd quarter. Kennedy Capital Management LLC now owns 235,515 shares of the real estate investment trust’s stock valued at $4,797,000 after purchasing an additional 55,783 shares during the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cousins Properties

In other Cousins Properties news, CFO Gregg D. Adzema sold 71,097 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $23.31, for a total transaction of $1,657,271.07. Following the completion of the transaction, the chief financial officer now owns 85,872 shares in the company, valued at $2,001,676.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Truist Financial dropped their target price on Cousins Properties from $27.00 to $26.00 and set a “buy” rating on the stock in a report on Tuesday, January 16th. Barclays cut their price objective on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, March 27th. Finally, StockNews.com downgraded shares of Cousins Properties from a “hold” rating to a “sell” rating in a report on Tuesday, May 7th. Three investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $23.67.

Check Out Our Latest Research Report on CUZ

Cousins Properties Stock Performance

Shares of NYSE:CUZ traded up $0.08 during midday trading on Wednesday, reaching $24.14. The company had a trading volume of 480,221 shares, compared to its average volume of 1,552,748. Cousins Properties Incorporated has a 52-week low of $17.40 and a 52-week high of $25.19. The company’s 50 day moving average price is $23.15 and its 200 day moving average price is $22.62. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.57. The stock has a market cap of $3.67 billion, a P/E ratio of 49.82, a P/E/G ratio of 5.14 and a beta of 1.27.

Cousins Properties (NYSE:CUZGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.54). Cousins Properties had a return on equity of 1.62% and a net margin of 9.15%. The company had revenue of $209.20 million for the quarter, compared to analysts’ expectations of $199.35 million. During the same quarter in the previous year, the business earned $0.65 EPS. The company’s revenue for the quarter was up 4.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Cousins Properties Incorporated will post 2.63 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, April 4th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 5.30%. The ex-dividend date was Wednesday, April 3rd. Cousins Properties’s dividend payout ratio (DPR) is currently 261.22%.

About Cousins Properties

(Free Report)

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.

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Institutional Ownership by Quarter for Cousins Properties (NYSE:CUZ)

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