Duff & Phelps Investment Management Co. Has $38.67 Million Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Duff & Phelps Investment Management Co. trimmed its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 0.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,262,180 shares of the real estate investment trust’s stock after selling 11,181 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Cousins Properties were worth $38,673,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. New Age Alpha Advisors LLC acquired a new stake in Cousins Properties in the 4th quarter worth approximately $967,000. Norges Bank bought a new position in Cousins Properties in the 4th quarter worth $57,194,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Cousins Properties by 12.0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,507 shares of the real estate investment trust’s stock worth $3,376,000 after acquiring an additional 11,845 shares during the last quarter. Corebridge Financial Inc. lifted its position in Cousins Properties by 5.2% during the 4th quarter. Corebridge Financial Inc. now owns 189,262 shares of the real estate investment trust’s stock worth $5,799,000 after acquiring an additional 9,355 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Cousins Properties by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust’s stock valued at $759,936,000 after purchasing an additional 985,934 shares during the last quarter. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Price Performance

Cousins Properties stock opened at $29.64 on Friday. The business has a 50 day simple moving average of $29.97 and a 200 day simple moving average of $30.22. 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 $4.98 billion, a PE ratio of 98.79, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. Cousins Properties Incorporated has a one year low of $21.58 and a one year high of $32.55.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 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, sell-side analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend 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 presently 426.67%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CUZ shares. Jefferies Financial Group assumed coverage on Cousins Properties in a research note on Monday, March 17th. They set a “buy” rating and a $35.00 target price for the company. StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, March 18th. Truist Financial raised their price target on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. BMO Capital Markets lowered shares of Cousins Properties from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Finally, Robert W. Baird cut their price target on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Cousins Properties has an average rating of “Moderate Buy” and a consensus price target of $32.89.

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.