TCW Group Inc. Trims Holdings in Cousins Properties Incorporated (NYSE:CUZ)

TCW Group Inc. lowered its holdings in Cousins Properties Incorporated (NYSE:CUZ) by 2.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 42,195 shares of the real estate investment trust’s stock after selling 1,030 shares during the period. TCW Group Inc.’s holdings in Cousins Properties were worth $1,293,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Creative Planning boosted its stake in shares of Cousins Properties by 36.2% during the 3rd quarter. Creative Planning now owns 29,316 shares of the real estate investment trust’s stock valued at $864,000 after purchasing an additional 7,788 shares in the last quarter. Blue Trust Inc. grew its stake in Cousins Properties by 168.0% in the third quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 2,543 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Cousins Properties by 1,481.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,530 shares of the real estate investment trust’s stock worth $193,000 after purchasing an additional 6,117 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of Cousins Properties by 30.8% during the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after buying an additional 651 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of Cousins Properties in the 3rd quarter worth about $863,000. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Trading Up 0.2 %

Shares of CUZ stock opened at $30.17 on Tuesday. Cousins Properties Incorporated has a 1 year low of $21.58 and a 1 year high of $32.55. The firm has a fifty day moving average price of $30.26 and a 200-day moving average price of $29.97. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 100.55, a PEG ratio of 2.98 and a beta of 1.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74.

Cousins Properties (NYSE:CUZ) last issued its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. As a group, equities analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.32 per share. The ex-dividend date was Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.24%. Cousins Properties’s dividend payout ratio is presently 426.67%.

Analysts Set New Price Targets

CUZ has been the topic of a number of recent research reports. Wells Fargo & Company upped their price objective on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. StockNews.com cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Jefferies Financial Group upgraded shares of Cousins Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $33.00 to $36.00 in a report on Thursday, January 2nd. BMO Capital Markets cut Cousins Properties from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Finally, KeyCorp raised Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 target price for the company in a research report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.00.

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.