Bank of Montreal Can Raises Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Bank of Montreal Can increased its stake in Cousins Properties Incorporated (NYSE:CUZ) by 543.0% during the 2nd quarter, Holdings Channel reports. The firm owned 229,878 shares of the real estate investment trust’s stock after purchasing an additional 194,127 shares during the quarter. Bank of Montreal Can’s holdings in Cousins Properties were worth $5,322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. State of Alaska Department of Revenue raised its position in shares of Cousins Properties by 0.6% during the 1st quarter. State of Alaska Department of Revenue now owns 88,588 shares of the real estate investment trust’s stock valued at $2,128,000 after buying an additional 486 shares in the last quarter. Retirement Systems of Alabama increased its stake in Cousins Properties by 0.3% in the first quarter. Retirement Systems of Alabama now owns 190,589 shares of the real estate investment trust’s stock valued at $4,582,000 after acquiring an additional 498 shares during the last quarter. Federated Hermes Inc. increased its stake in Cousins Properties by 2.2% in the second quarter. Federated Hermes Inc. now owns 23,534 shares of the real estate investment trust’s stock valued at $545,000 after acquiring an additional 501 shares during the last quarter. Treasurer of the State of North Carolina raised its position in Cousins Properties by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 67,107 shares of the real estate investment trust’s stock valued at $1,634,000 after purchasing an additional 650 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in Cousins Properties by 5.1% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,952 shares of the real estate investment trust’s stock worth $369,000 after purchasing an additional 769 shares during the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cousins Properties

In related news, CAO Jeffrey D. Symes sold 5,997 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $28.13, for a total value of $168,695.61. Following the completion of the transaction, the chief accounting officer now directly owns 12,529 shares of the company’s stock, valued at $352,440.77. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CUZ shares. Robert W. Baird increased their price target on shares of Cousins Properties from $29.00 to $31.00 and gave the company an “outperform” rating in a research report on Wednesday, July 31st. Wells Fargo & Company lifted their target price on shares of Cousins Properties from $26.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 11th. Barclays upped their price target on shares of Cousins Properties from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. Truist Financial lifted their price objective on Cousins Properties from $26.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Evercore ISI increased their target price on Cousins Properties from $29.00 to $30.00 and gave the company an “in-line” rating in a report on Monday, September 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.29.

Cousins Properties Stock Down 0.5 %

NYSE CUZ opened at $29.33 on Wednesday. Cousins Properties Incorporated has a 1 year low of $17.40 and a 1 year high of $30.50. The stock has a market capitalization of $4.46 billion, a PE ratio of 59.85, a PEG ratio of 4.90 and a beta of 1.31. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.03 and a quick ratio of 1.03. The business’s 50-day moving average is $27.92 and its 200 day moving average is $24.85.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.61). Cousins Properties had a return on equity of 1.31% and a net margin of 7.25%. The business had revenue of $212.98 million during the quarter, compared to the consensus estimate of $208.18 million. During the same quarter in the prior year, the business posted $2.75 earnings per share. Cousins Properties’s quarterly revenue was up 4.2% compared to the same quarter last year. Sell-side analysts forecast that Cousins Properties Incorporated will post 2.67 earnings per share for the current year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd will be given a $0.32 dividend. The ex-dividend date is Thursday, October 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.36%. Cousins Properties’s dividend payout ratio is 261.22%.

Cousins Properties Company 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.