Securian Asset Management Inc. Acquires 848 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Securian Asset Management Inc. grew its position in Cousins Properties Incorporated (NYSE:CUZ) by 7.2% during the fourth quarter, HoldingsChannel reports. The firm owned 12,678 shares of the real estate investment trust’s stock after buying an additional 848 shares during the quarter. Securian Asset Management Inc.’s holdings in Cousins Properties were worth $388,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CUZ. Massachusetts Financial Services Co. MA raised its position in shares of Cousins Properties by 3,768.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock valued at $68,907,000 after purchasing an additional 2,276,986 shares during the period. Rush Island Management LP bought a new position in shares of Cousins Properties in the third quarter valued at approximately $46,393,000. Principal Financial Group Inc. raised its position in shares of Cousins Properties by 11.1% in the fourth quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust’s stock valued at $413,375,000 after purchasing an additional 1,350,352 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Cousins Properties by 411.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,113,403 shares of the real estate investment trust’s stock valued at $32,823,000 after purchasing an additional 895,917 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Cousins Properties in the fourth quarter valued at approximately $25,148,000. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Trading Up 0.6 %

Shares of Cousins Properties stock opened at $29.52 on Wednesday. The firm has a market capitalization of $4.95 billion, a PE ratio of 98.41, a price-to-earnings-growth 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 company’s fifty day moving average price is $29.92 and its two-hundred day moving average price is $30.17. Cousins Properties Incorporated has a 52-week low of $21.58 and a 52-week high of $32.55.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate 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, analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.34%. Cousins Properties’s payout ratio is 426.67%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CUZ shares. Barclays dropped 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. Robert W. Baird lowered their price objective on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th. Truist Financial raised their price objective on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Jefferies Financial Group initiated coverage on shares of Cousins Properties in a research note on Monday. They issued a “buy” rating and a $35.00 price objective on the stock. Finally, Mizuho upgraded shares of Cousins Properties from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, 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.