Cousins Properties Incorporated $CUZ Position Reduced by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 10.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 218,320 shares of the real estate investment trust’s stock after selling 25,232 shares during the period. Mutual of America Capital Management LLC owned about 0.13% of Cousins Properties worth $6,318,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Resolution Capital Ltd grew its stake in Cousins Properties by 0.6% in the second quarter. Resolution Capital Ltd now owns 5,919,230 shares of the real estate investment trust’s stock worth $177,754,000 after purchasing an additional 33,097 shares in the last quarter. Jennison Associates LLC lifted its holdings in Cousins Properties by 51.5% during the 2nd quarter. Jennison Associates LLC now owns 3,535,111 shares of the real estate investment trust’s stock worth $106,159,000 after buying an additional 1,200,952 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Cousins Properties by 7.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,484,297 shares of the real estate investment trust’s stock valued at $100,836,000 after acquiring an additional 252,590 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Cousins Properties by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 3,308,911 shares of the real estate investment trust’s stock valued at $99,380,000 after acquiring an additional 12,039 shares during the last quarter. Finally, Hudson Bay Capital Management LP lifted its stake in Cousins Properties by 40.7% during the second quarter. Hudson Bay Capital Management LP now owns 2,759,950 shares of the real estate investment trust’s stock worth $82,881,000 after purchasing an additional 797,822 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Analysts Set New Price Targets

CUZ has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Wells Fargo & Company lowered their price objective on shares of Cousins Properties from $32.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Cousins Properties in a research note on Wednesday, January 21st. Barclays set a $34.00 target price on Cousins Properties in a research note on Tuesday, January 13th. Finally, Cantor Fitzgerald set a $28.00 price target on Cousins Properties in a research report on Monday, December 1st. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Cousins Properties has an average rating of “Moderate Buy” and a consensus target price of $30.50.

Cousins Properties Trading Down 2.9%

Cousins Properties stock opened at $24.82 on Thursday. Cousins Properties Incorporated has a 52-week low of $24.07 and a 52-week high of $31.36. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $4.17 billion, a price-to-earnings ratio of 70.90, a PEG ratio of 1.96 and a beta of 1.22. The firm has a 50-day moving average price of $25.69 and a two-hundred day moving average price of $26.93.

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

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Monday, January 5th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, January 5th. This represents a $1.28 annualized dividend and a yield of 5.2%. Cousins Properties’s payout ratio is presently 365.71%.

About Cousins Properties

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.