Scout Investments Inc. decreased its holdings in Cousins Properties Inc (NYSE:CUZ) by 5.8% in the 4th quarter, HoldingsChannel reports. The firm owned 4,351,480 shares of the real estate investment trust’s stock after selling 268,554 shares during the period. Cousins Properties makes up 0.9% of Scout Investments Inc.’s investment portfolio, making the stock its 29th largest position. Scout Investments Inc.’s holdings in Cousins Properties were worth $34,377,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vident Investment Advisory LLC grew its stake in Cousins Properties by 31.9% during the second quarter. Vident Investment Advisory LLC now owns 49,610 shares of the real estate investment trust’s stock valued at $481,000 after acquiring an additional 11,986 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Cousins Properties by 28.6% during the second quarter. Bank of New York Mellon Corp now owns 9,341,948 shares of the real estate investment trust’s stock valued at $90,522,000 after acquiring an additional 2,077,127 shares in the last quarter. Brookfield Asset Management Inc. grew its stake in Cousins Properties by 22.1% during the third quarter. Brookfield Asset Management Inc. now owns 11,788,702 shares of the real estate investment trust’s stock valued at $104,802,000 after acquiring an additional 2,132,502 shares in the last quarter. Aperio Group LLC grew its stake in Cousins Properties by 3.4% during the third quarter. Aperio Group LLC now owns 292,356 shares of the real estate investment trust’s stock valued at $2,599,000 after acquiring an additional 9,719 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in Cousins Properties by 12.4% during the third quarter. Pacer Advisors Inc. now owns 149,368 shares of the real estate investment trust’s stock valued at $1,328,000 after acquiring an additional 16,437 shares in the last quarter.

Several equities analysts recently commented on the stock. Zacks Investment Research cut shares of Cousins Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 14th. ValuEngine raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. Finally, TheStreet cut shares of Cousins Properties from a “b-” rating to a “c+” rating in a research note on Friday, October 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $9.69.

Cousins Properties stock traded up $0.02 during mid-day trading on Friday, hitting $8.52. 5,158,600 shares of the company traded hands, compared to its average volume of 5,624,413. Cousins Properties Inc has a one year low of $7.53 and a one year high of $9.88. The firm has a market cap of $3.51 billion, a PE ratio of 13.95, a PEG ratio of 3.94 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.49 and a quick ratio of 1.49.

Cousins Properties (NYSE:CUZ) last announced its earnings results on Wednesday, October 24th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. Cousins Properties had a net margin of 19.01% and a return on equity of 3.12%. The business had revenue of $116.60 million during the quarter, compared to analyst estimates of $115.91 million. During the same period in the previous year, the business posted $0.15 earnings per share. Cousins Properties’s revenue for the quarter was down 2.0% on a year-over-year basis. As a group, research analysts anticipate that Cousins Properties Inc will post 0.62 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 14th. Shareholders of record on Friday, January 4th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a $0.26 annualized dividend and a yield of 3.05%. Cousins Properties’s payout ratio is presently 42.62%.

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Cousins Properties Profile

Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office towers located in high-growth Sun Belt markets. Founded in 1958, Cousins creates shareholder value through its extensive expertise in the development, acquisition, leasing and management of high-quality real estate assets.

Read More: Intrinsic Value and Stock Selection

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Institutional Ownership by Quarter for Cousins Properties (NYSE:CUZ)

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