Cousins Properties Incorporated (NYSE:CUZ) Stake Trimmed by Nkcfo LLC

Nkcfo LLC lessened its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 63.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 168,300 shares of the real estate investment trust’s stock after selling 291,600 shares during the period. Cousins Properties comprises 2.2% of Nkcfo LLC’s investment portfolio, making the stock its 14th largest holding. Nkcfo LLC owned about 0.11% of Cousins Properties worth $4,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CUZ. PARK CIRCLE Co purchased a new stake in shares of Cousins Properties in the 3rd quarter valued at approximately $31,000. Cetera Trust Company N.A purchased a new position in shares of Cousins Properties during the fourth quarter valued at $156,000. Van Lanschot Kempen Investment Management N.V. acquired a new position in Cousins Properties during the third quarter valued at $173,000. Spirit of America Management Corp NY lifted its stake in Cousins Properties by 750.0% in the 4th quarter. Spirit of America Management Corp NY now owns 8,500 shares of the real estate investment trust’s stock worth $207,000 after acquiring an additional 7,500 shares in the last quarter. Finally, Bailard Inc. purchased a new stake in Cousins Properties in the 4th quarter worth about $224,000. 94.38% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Gregg D. Adzema sold 71,097 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $23.31, for a total value of $1,657,271.07. Following the sale, the chief financial officer now directly owns 85,872 shares of the company’s stock, valued at $2,001,676.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

Cousins Properties Stock Down 0.6 %

Cousins Properties stock traded down $0.15 during mid-day trading on Friday, hitting $23.44. 1,161,626 shares of the company’s stock were exchanged, compared to its average volume of 1,318,705. Cousins Properties Incorporated has a 1-year low of $17.40 and a 1-year high of $25.19. The stock has a 50 day moving average of $23.04 and a two-hundred day moving average of $22.34. The stock has a market cap of $3.56 billion, a P/E ratio of 47.84, a P/E/G ratio of 5.06 and a beta of 1.27. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.57.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.54). Cousins Properties had a net margin of 9.15% and a return on equity of 1.62%. The company had revenue of $209.20 million during the quarter, compared to the consensus estimate of $199.35 million. During the same period in the previous year, the business posted $0.65 earnings per share. The firm’s revenue was up 4.2% on a year-over-year basis. As a group, analysts anticipate that Cousins Properties Incorporated will post 2.63 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, April 4th were issued a $0.32 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $1.28 annualized dividend and a yield of 5.46%. Cousins Properties’s dividend payout ratio (DPR) is presently 261.22%.

Analyst Ratings Changes

A number of research firms have recently issued reports on CUZ. Truist Financial reduced their price target on shares of Cousins Properties from $27.00 to $26.00 and set a “buy” rating for the company in a research report on Tuesday, January 16th. Barclays decreased their target price on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, March 27th. Finally, StockNews.com upgraded shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $23.67.

About Cousins Properties

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.