Truist Financial Corp Increases Stock Holdings in Cousins ​​Properties Incorporated (NYSE:CUZ)


Truist Financial Corp raised its stake in Cousins ​​Properties Incorporated (NYSE:CUZ – Get Rating) by 8.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 19,570 shares of the real estate investment trust’s stock after purchasing an additional 1,539 shares during the quarter. Truist Financial Corp’s holdings in Cousins ​​Properties were worth $788,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CUZ. Russell Investments Group Ltd. lifted its position in Cousins ​​Properties by 9.6% in the fourth quarter. Russell Investments Group Ltd. now owns 312,589 shares of the real estate investment trust’s stock valued at $12,588,000 after buying an additional 27,400 shares during the last quarter. New York State Teachers Retirement System lifted its position in shares of Cousins ​​Properties by 1.9% during the fourth quarter. New York State Teachers Retirement System now owns 162,949 shares of the real estate investment trust’s stock worth $6,564,000 after purchasing an additional 3,070 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Cousins ​​Properties by 66.9% during the fourth quarter. Van ECK Associates Corp now owns 11,611 shares of the real estate investment trust’s stock worth $468,000 after purchasing an additional 4,655 shares in the last quarter. State of Michigan Retirement System lifted its position in shares of Cousins ​​Properties by 1.3% during the fourth quarter. State of Michigan Retirement System now owns 37,725 shares of the real estate investment trust’s stock worth $1,520,000 after purchasing an additional 500 shares in the last quarter. Finally, TAP Consulting LLC acquired a new stake in shares of Cousins ​​Properties during the fourth quarter worth about $53,000. Institutional investors and hedge funds own 98.47% of the company’s stock.

Cousins ​​Properties Stock Performance

Shares of Cousins ​​Properties stock opened at $30.26 on Monday. The firm has a market capitalization of $4.50 billion, a P/E ratio of 16.27, a P/E/G ratio of 2.66 and a beta of 1.06. Cousins ​​Properties Incorporated has a 52 week low of $27.61 and a 52 week high of $42.41. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.51. The firm’s 50 day moving average is $31.17 and its two-hundred day moving average is $36.01.

Cousins ​​Properties (NYSE:CUZ – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.48). The company had revenue of $186.90 million during the quarter, compared to analysts’ expectations of $184.82 million. Cousins ​​Properties had a net margin of 36.88% and a return on equity of 6.12%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 earnings per share. Research analysts forecast that Cousins ​​Properties Incorporated will post 2.72 EPS for the current fiscal year.

Cousins ​​Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Wednesday, July 6th were paid a $0.32 dividend. The ex-dividend date was Tuesday, July 5th. This represents a $1.28 annualized dividend and a yield of 4.23%. Cousins ​​Properties’s dividend payout ratio is currently 68.82%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CUZ shares. Wolfe Research began coverage on shares of Cousins ​​Properties in a research report on Thursday, June 30th. They set a “market perform” rating on the stock. Barclays reduced their price target on shares of Cousins ​​Properties from $48.00 to $43.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 20th. StockNews.com assumed coverage on shares of Cousins ​​Properties in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Mizuho reduced their target price on shares of Cousins ​​Properties from $41.00 to $31.00 and set a “neutral” rating on the stock in a report on Wednesday, July 6th. Finally, Truist Financial reduced their target price on shares of Cousins ​​Properties from $38.00 to $33.00 and set a “hold” rating on the stock in a report on Thursday, June 30th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $35.00.

Cousins ​​Properties Company Profile

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Cousins ​​Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins ​​Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins ​​creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.

See Also

Want to see what other hedge funds are holding CUZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cousins ​​Properties Incorporated (NYSE:CUZ – Get Rating).

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



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