1 week Ago By Defense World Staff
Prudential Financial Inc. lessened its stake in shares of Cousins Properties Incorporated ( NYSE:CUZ – Free Report ) by 11.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 12,203 shares of the real estate investment trust’s stock after selling 1,542 shares during the period. Prudential Financial Inc.’s holdings in Cousins Properties were worth $374,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Cousins Properties by 21.
5% in the third quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust’s stock valued at $51,580,000 after purchasing an additional 309,571 shares in the last quarter.
Geode Capital Management LLC lifted its holdings in shares of Cousins Properties by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock worth $84,457,000 after acquiring an additional 36,727 shares during the period.
State Street Corp boosted 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 worth $224,251,000 after acquiring an additional 48,668 shares in the last quarter.
Rhumbline Advisers boosted its position in shares of Cousins Properties by 4.9% during the 4th quarter. Rhumbline Advisers now owns 466,850 shares of the real estate investment trust’s stock worth $14,304,000 after acquiring an additional 21,939 shares in the last quarter.
Finally, Charles Schwab Investment Management Inc. increased its stake in Cousins Properties by 7.6% in the fourth quarter.
Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust’s stock valued at $82,047,000 after acquiring an additional 189,411 shares during the last quarter. 94.
38% of the stock is owned by institutional investors and hedge funds. Analyst Ratings Changes Several brokerages have recently issued reports on CUZ. Wolfe Research upgraded Cousins Properties from a “peer perform” rating to an “outperform” rating and set a $31.
00 price target on the stock in a research note on Monday. Barclays cut their price objective on Cousins Properties from $36.00 to $35.
00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. Robert W. Baird cut their target price on Cousins Properties from $34.
00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Mizuho raised Cousins Properties from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $22.
00 to $30.00 in a research note 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 target for the company in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $32.
70. Cousins Properties Stock Up 7.2 % Shares of NYSE:CUZ opened at $26.
96 on Thursday. 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 company has a market capitalization of $4.
53 billion, a PE ratio of 89.87, a price-to-earnings-growth ratio of 2.98 and a beta of 1.
24. Cousins Properties Incorporated has a 1 year low of $21.58 and a 1 year high of $32.
55. The business has a fifty day moving average price of $29.29 and a two-hundred day moving average price of $30.
09. Cousins Properties ( NYSE:CUZ – Get Free Report ) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.
69 earnings per share 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%.
Analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current year. Cousins Properties Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th.
Investors of record on Thursday, April 3rd will be given a $0.32 dividend. The ex-dividend date is Thursday, April 3rd.
This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.75%.
Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%. 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. Further Reading Five stocks we like better than Cousins Properties What is the Nasdaq? Complete Overview with History Quantum Computing: The $6.5 Billion Opportunity You Can’t Ignore Uptrend Stocks Explained: Learn How to Trade Using Uptrends Are Tariffs Threatening Disney’s Comeback Story? 3 Grocery Stocks That Can Help Take a Bite Out of Inflation Is Alphabet a Generational Buying Opportunity at These Levels? Receive News & Ratings for Cousins Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cousins Properties and related companies with MarketBeat.
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