Cousins Properties Incorporated (NYSE:CUZ) Shares Bought by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Cousins Properties Incorporated (NYSE:CUZ) by 297.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 522,712 shares of the real estate investment trust’s stock after purchasing an additional 391,348 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned 0.34% of Cousins Properties worth $15,409,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. grew its position in Cousins Properties by 2.2% during the second quarter. Federated Hermes Inc. now owns 23,534 shares of the real estate investment trust’s stock valued at $545,000 after buying an additional 501 shares during the period. Signaturefd LLC boosted its stake in shares of Cousins Properties by 30.8% during the 3rd quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 651 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Cousins Properties by 5.1% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,952 shares of the real estate investment trust’s stock valued at $369,000 after acquiring an additional 769 shares during the period. Texas Permanent School Fund Corp increased its stake in shares of Cousins Properties by 0.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 133,620 shares of the real estate investment trust’s stock valued at $3,093,000 after purchasing an additional 790 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Cousins Properties by 130.8% in the 2nd quarter. Blue Trust Inc. now owns 1,514 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 858 shares during the period. 94.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on CUZ. Barclays raised their price objective on Cousins Properties from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday, October 10th. Wells Fargo & Company lifted their price target on shares of Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Evercore ISI upped their price objective on shares of Cousins Properties from $29.00 to $30.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. Truist Financial increased their price objective on shares of Cousins Properties from $26.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Cousins Properties presently has an average rating of “Moderate Buy” and a consensus price target of $31.50.

Cousins Properties Stock Performance

CUZ opened at $31.72 on Friday. Cousins Properties Incorporated has a twelve month low of $19.48 and a twelve month high of $32.44. The firm has a market capitalization of $4.83 billion, a PE ratio of 96.12, a PEG ratio of 4.20 and a beta of 1.29. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average price is $30.40 and its 200 day moving average price is $26.90.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.60). The company had revenue of $209.21 million during the quarter, compared to analysts’ expectations of $212.54 million. Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. Cousins Properties’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. As a group, sell-side analysts expect that Cousins Properties Incorporated will post 2.68 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Thursday, October 3rd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date was Thursday, October 3rd. Cousins Properties’s dividend payout ratio is currently 387.88%.

Insider Activity at Cousins Properties

In related news, CAO Jeffrey D. Symes sold 5,997 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $28.13, for a total value of $168,695.61. Following the transaction, the chief accounting officer now directly owns 12,529 shares in the company, valued at approximately $352,440.77. This represents a 32.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.40% of the stock is currently owned by insiders.

About Cousins Properties

Cousins Properties Incorporated ("Cousins") is a fully integrated, self-administered, and self-managed real estate investment trust (REIT). The Company, based in Atlanta and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.