Swiss National Bank Has $9.17 Million Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Swiss National Bank raised its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,233 shares of the real estate investment trust’s stock after purchasing an additional 2,400 shares during the period. Swiss National Bank owned approximately 0.19% of Cousins Properties worth $9,168,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CUZ. Arizona State Retirement System increased its holdings in shares of Cousins Properties by 0.8% during the fourth quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust’s stock worth $1,353,000 after buying an additional 366 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Cousins Properties by 67.4% during 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 in the last quarter. Larson Financial Group LLC increased its holdings in shares of Cousins Properties by 49.7% during the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 438 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Cousins Properties by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust’s stock worth $695,000 after buying an additional 485 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in shares of Cousins Properties by 15.3% during the fourth quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 794 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on CUZ shares. Jefferies Financial Group started coverage on shares of Cousins Properties in a report on Monday, March 17th. They set a “buy” rating and a $35.00 price target for the company. Robert W. Baird decreased their price objective on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Barclays decreased their price objective on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Truist Financial increased their price objective on Cousins Properties from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.89.

Cousins Properties Stock Performance

Shares of CUZ opened at $29.61 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $4.97 billion, a P/E ratio of 98.70, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. The firm’s fifty day simple moving average is $29.95 and its two-hundred day simple moving average is $30.17. Cousins Properties Incorporated has a 12 month low of $21.58 and a 12 month high of $32.55.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating 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%. As a group, analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.32%. Cousins Properties’s dividend payout ratio (DPR) is currently 426.67%.

Cousins Properties 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.