Cousins Properties Incorporated (NYSE:CUZ) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Cousins Properties Incorporated (NYSE:CUZ) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 110,507 shares of the real estate investment trust’s stock after acquiring an additional 11,845 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.07% of Cousins Properties worth $3,376,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Cousins Properties by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust’s stock worth $357,910,000 after purchasing an additional 458,387 shares during the last quarter. Cerity Partners LLC bought a new stake in Cousins Properties in the third quarter valued at $584,000. Bank of Montreal Can boosted its holdings in shares of Cousins Properties by 31.4% during the third quarter. Bank of Montreal Can now owns 302,079 shares of the real estate investment trust’s stock valued at $8,845,000 after acquiring an additional 72,201 shares during the period. Quantbot Technologies LP bought a new position in shares of Cousins Properties during the third quarter worth about $646,000. Finally, FMR LLC increased its holdings in shares of Cousins Properties by 69.8% in the 3rd quarter. FMR LLC now owns 19,161 shares of the real estate investment trust’s stock worth $565,000 after acquiring an additional 7,877 shares during the period. 94.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

CUZ has been the subject of several recent analyst reports. Mizuho upgraded shares of Cousins Properties from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $22.00 to $30.00 in a research report on Tuesday, January 7th. Barclays decreased their price objective on Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Monday, February 3rd. KeyCorp upgraded Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price target for the company in a research report on Tuesday, December 17th. Robert W. Baird lowered their price target on Cousins Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Finally, StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a report on Tuesday, March 18th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $32.89.

Cousins Properties Stock Performance

NYSE:CUZ opened at $29.40 on Wednesday. The company has a 50-day moving average of $29.89 and a 200-day moving average of $30.25. The firm has a market cap of $4.94 billion, a price-to-earnings ratio of 98.01, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. Cousins Properties Incorporated has a twelve month low of $21.58 and a twelve month high of $32.55.

Cousins Properties (NYSE:CUZ) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. Analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Thursday, April 3rd. Cousins Properties’s dividend payout ratio is 426.67%.

Cousins Properties Profile

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.