Mutual of America Capital Management LLC Has $7.41 Million Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Mutual of America Capital Management LLC grew its position in Cousins Properties Incorporated (NYSE:CUZ) by 2.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 241,880 shares of the real estate investment trust’s stock after purchasing an additional 5,430 shares during the period. Mutual of America Capital Management LLC owned about 0.15% of Cousins Properties worth $7,411,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Creative Planning raised its holdings in shares of Cousins Properties by 36.2% in the third quarter. Creative Planning now owns 29,316 shares of the real estate investment trust’s stock valued at $864,000 after buying an additional 7,788 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Cousins Properties by 1,481.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,530 shares of the real estate investment trust’s stock valued at $193,000 after buying an additional 6,117 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Cousins Properties in the third quarter valued at about $863,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Cousins Properties by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,903 shares of the real estate investment trust’s stock valued at $173,000 after buying an additional 1,523 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Cousins Properties by 4.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 36,509 shares of the real estate investment trust’s stock valued at $1,059,000 after buying an additional 1,626 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company’s stock.

Cousins Properties Stock Performance

Shares of CUZ stock opened at $30.35 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market cap of $5.09 billion, a PE ratio of 101.15, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29. The stock has a 50-day moving average of $30.25 and a 200-day moving average of $30.04. Cousins Properties Incorporated has a one year low of $21.58 and a one year high of $32.55.

Cousins Properties (NYSE:CUZ) last announced its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. As a group, sell-side analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were paid a $0.32 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.22%. Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%.

Wall Street Analysts Forecast Growth

CUZ has been the subject of a number of research analyst reports. BMO Capital Markets cut Cousins Properties from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $31.00 to $32.00 in a report on Tuesday, December 3rd. Wells Fargo & Company lifted their price target on Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Jefferies Financial Group raised Cousins Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $33.00 to $36.00 in a report on Thursday, January 2nd. StockNews.com cut Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Finally, Robert W. Baird dropped their price objective on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.00.

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.