Knights of Columbus Asset Advisors LLC Grows Stake in Cousins Properties Incorporated $CUZ

Knights of Columbus Asset Advisors LLC boosted its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 151.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 64,211 shares of the real estate investment trust’s stock after purchasing an additional 38,649 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Cousins Properties were worth $1,858,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund grew its holdings in Cousins Properties by 0.6% during the 3rd quarter. New York State Common Retirement Fund now owns 415,423 shares of the real estate investment trust’s stock valued at $12,022,000 after buying an additional 2,284 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Cousins Properties by 4.7% during the third quarter. Ballentine Partners LLC now owns 17,847 shares of the real estate investment trust’s stock worth $516,000 after acquiring an additional 803 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Cousins Properties during the third quarter valued at $3,501,000. Resona Asset Management Co. Ltd. increased its holdings in Cousins Properties by 10.7% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 74,630 shares of the real estate investment trust’s stock valued at $2,113,000 after acquiring an additional 7,208 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Cousins Properties by 1.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 41,753 shares of the real estate investment trust’s stock worth $1,208,000 after purchasing an additional 552 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Trading Down 0.3%

Shares of CUZ stock opened at $25.21 on Friday. The company has a market cap of $4.23 billion, a PE ratio of 72.02, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22. Cousins Properties Incorporated has a 1 year low of $24.07 and a 1 year high of $31.36. The stock’s 50 day simple moving average is $25.70 and its two-hundred day simple moving average is $26.89. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.91 and a quick ratio of 0.91.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. Cousins Properties had a return on equity of 1.20% and a net margin of 5.98%.The firm had revenue of $248.33 million for the quarter, compared to the consensus estimate of $239.70 million. During the same quarter in the previous year, the company posted $0.67 EPS. The company’s revenue for the quarter was up 18.7% compared to the same quarter last year. Research analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Monday, January 5th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Monday, January 5th. Cousins Properties’s dividend payout ratio (DPR) is 365.71%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CUZ shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cousins Properties in a report on Wednesday, January 21st. Mizuho set a $29.00 price target on Cousins Properties and gave the company an “outperform” rating in a report on Friday, December 12th. Cantor Fitzgerald set a $28.00 price objective on Cousins Properties in a research note on Monday, December 1st. Wall Street Zen downgraded Cousins Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Truist Financial reduced their price target on shares of Cousins Properties from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, December 1st. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.50.

Cousins Properties Company Profile

Cousins Properties Incorporated (NYSE: CUZ) is a publicly traded real estate investment trust (REIT) specializing in the development, acquisition and management of high-quality office and mixed-use properties. Headquartered in Atlanta, the company focuses on urban infill and suburban markets across the Sun Belt, with a strong presence in metropolitan areas such as Atlanta, Austin, Charlotte, Nashville, Orlando and Tampa. Its core activities encompass full-service property leasing, asset management and construction oversight, serving a diverse mix of corporate and institutional tenants.

Founded in 1958 as a privately held real estate concern, Cousins Properties completed its initial public offering in 1992.