Cousins Properties Incorporated $CUZ Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ) by 2.7% during the third quarter, Holdings Channel reports. The fund owned 12,470,297 shares of the real estate investment trust’s stock after selling 348,689 shares during the quarter. Principal Financial Group Inc. owned 0.07% of Cousins Properties worth $360,891,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SJS Investment Consulting Inc. acquired a new stake in Cousins Properties during the 3rd quarter valued at approximately $48,000. EverSource Wealth Advisors LLC boosted its stake in shares of Cousins Properties by 55.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,100 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 753 shares during the last quarter. Hantz Financial Services Inc. grew its position in shares of Cousins Properties by 2,095.3% during the second quarter. Hantz Financial Services Inc. now owns 2,349 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 2,242 shares in the last quarter. CWM LLC grew its position in shares of Cousins Properties by 29.0% during the third quarter. CWM LLC now owns 3,129 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 703 shares in the last quarter. Finally, Bayforest Capital Ltd bought a new stake in shares of Cousins Properties in the second quarter worth $171,000. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Wall Street Analysts Forecast Growth

CUZ has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their price objective on shares of Cousins Properties from $32.00 to $30.00 and set an “overweight” rating on the stock in a research note on Monday, November 10th. JPMorgan Chase & Co. cut their target price on shares of Cousins Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 25th. Barclays set a $34.00 price target on shares of Cousins Properties in a research report on Tuesday, January 13th. Jefferies Financial Group lowered Cousins Properties from a “buy” rating to a “hold” rating and lowered their price objective for the company from $34.00 to $27.00 in a report on Monday, October 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cousins Properties in a report on Wednesday, January 21st. Six research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Cousins Properties currently has an average rating of “Moderate Buy” and an average price target of $30.50.

Cousins Properties Stock Performance

Shares of CUZ stock opened at $25.21 on Friday. The company has a market cap of $4.23 billion, a P/E ratio of 72.02, a PEG ratio of 1.94 and a beta of 1.22. The business has a 50 day moving average of $25.70 and a two-hundred day moving average of $26.88. 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.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.69 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.69. The business 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 quarterly revenue was up 18.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.67 EPS. As a group, analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

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

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.