abrdn plc Grows Stake in Cousins Properties Incorporated (NYSE:CUZ)

abrdn plc lifted its stake in Cousins Properties Incorporated (NYSE:CUZ) by 48.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,528 shares of the real estate investment trust’s stock after buying an additional 14,439 shares during the period. abrdn plc’s holdings in Cousins Properties were worth $1,340,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Creative Planning grew its position in Cousins Properties by 7.9% in the second quarter. Creative Planning now owns 21,528 shares of the real estate investment trust’s stock valued at $498,000 after acquiring an additional 1,575 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Cousins Properties in the second quarter valued at $530,000. CWM LLC grew its holdings in Cousins Properties by 74.6% during the 3rd quarter. CWM LLC now owns 4,298 shares of the real estate investment trust’s stock valued at $127,000 after purchasing an additional 1,836 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Cousins Properties by 13.1% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 28,470 shares of the real estate investment trust’s stock worth $839,000 after buying an additional 3,298 shares during the period. Finally, Capital Investment Advisors LLC lifted its holdings in Cousins Properties by 4.4% in the 3rd quarter. Capital Investment Advisors LLC now owns 327,276 shares of the real estate investment trust’s stock worth $9,648,000 after buying an additional 13,679 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CUZ shares. Truist Financial lifted their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Barclays dropped their price objective on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Monday, February 3rd. BMO Capital Markets cut Cousins Properties from an “outperform” rating to a “market perform” rating and increased their target price for the company from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Mizuho upgraded shares of Cousins Properties from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. Finally, Jefferies Financial Group upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $36.00 in a research note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Cousins Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.11.

Cousins Properties Stock Down 2.2 %

Shares of NYSE:CUZ opened at $30.52 on Tuesday. The company’s fifty day moving average is $30.33 and its two-hundred day moving average is $29.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.17. Cousins Properties Incorporated has a 1-year low of $21.58 and a 1-year high of $32.55. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 101.75, a price-to-earnings-growth ratio of 3.95 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.03%. Equities analysts anticipate that Cousins Properties Incorporated will post 2.73 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s dividend payout ratio (DPR) is 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.