Frontier Capital Management Co. LLC cut its stake in shares of Cousins Properties Inc (NYSE:CUZ) by 7.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 5,428,163 shares of the real estate investment trust’s stock after selling 436,413 shares during the period. Frontier Capital Management Co. LLC owned approximately 1.29% of Cousins Properties worth $50,211,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Cousins Properties by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 66,349,682 shares of the real estate investment trust’s stock valued at $583,214,000 after acquiring an additional 474,225 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Cousins Properties by 7.1% in the 2nd quarter. BlackRock Inc. now owns 54,000,967 shares of the real estate investment trust’s stock valued at $474,666,000 after acquiring an additional 3,602,825 shares during the last quarter. State Street Corp increased its holdings in shares of Cousins Properties by 7.2% in the 2nd quarter. State Street Corp now owns 18,932,900 shares of the real estate investment trust’s stock valued at $166,419,000 after acquiring an additional 1,271,330 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Cousins Properties by 15.7% in the 2nd quarter. Northern Trust Corp now owns 10,382,467 shares of the real estate investment trust’s stock valued at $91,262,000 after acquiring an additional 1,411,479 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Cousins Properties by 3.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 5,813,652 shares of the real estate investment trust’s stock valued at $54,301,000 after acquiring an additional 206,162 shares during the last quarter.
Shares of Cousins Properties Inc (CUZ) traded up $0.20 during mid-day trading on Friday, reaching $8.53. The company’s stock had a trading volume of 5,673,989 shares, compared to its average volume of 2,791,396. The company has a quick ratio of 0.83, a current ratio of 2.02 and a debt-to-equity ratio of 0.39. Cousins Properties Inc has a one year low of $7.81 and a one year high of $9.63. The firm has a market cap of $3,582.51, a price-to-earnings ratio of 16.73 and a beta of 0.99.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Tuesday, January 2nd were given a dividend of $0.06 per share. The ex-dividend date was Friday, December 29th. This represents a $0.24 dividend on an annualized basis and a yield of 2.81%. Cousins Properties’s dividend payout ratio (DPR) is presently 47.06%.
CUZ has been the subject of a number of research analyst reports. Bank of America upgraded Cousins Properties from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a report on Monday, December 4th. Zacks Investment Research upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, November 15th. Finally, ValuEngine downgraded Cousins Properties from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $10.10.
In other Cousins Properties news, insider S Taylor Glover sold 74,351 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $9.41, for a total transaction of $699,642.91. Following the completion of the transaction, the insider now owns 485,284 shares in the company, valued at approximately $4,566,522.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.14% of the company’s stock.
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Cousins Properties Company Profile
Cousins Properties Incorporated is a self-administered and self-managed real estate investment trust. The Company’s segments include Office, Mixed-Use, Other, Atlanta, Austin, Charlotte, Orlando, Tampa, Phoenix and Other. It develops, acquires, leases, manages and owns primarily Class A office properties and opportunistic mixed-use developments in Sunbelt markets with a focus on Georgia, Texas and North Carolina.
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