Corebridge Financial Inc. Buys 9,355 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Corebridge Financial Inc. boosted its position in Cousins Properties Incorporated (NYSE:CUZ) by 5.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 189,262 shares of the real estate investment trust’s stock after acquiring an additional 9,355 shares during the period. Corebridge Financial Inc.’s holdings in Cousins Properties were worth $5,799,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CUZ. Jones Financial Companies Lllp lifted its position in Cousins Properties by 1,609.3% during the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 869 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 395 shares during the last quarter. Larson Financial Group LLC boosted its position in shares of Cousins Properties by 49.7% in the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 438 shares in the last quarter. Quarry LP grew its stake in Cousins Properties by 74.5% during the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 1,697 shares during the last quarter. Finally, BankPlus Trust Department acquired a new position in Cousins Properties during the 4th quarter valued at about $142,000. 94.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group began coverage on Cousins Properties in a research note on Monday, March 17th. They set a “buy” rating and a $35.00 price target on the stock. Barclays cut their price target on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Monday, February 3rd. Robert W. Baird lowered their price objective on shares of Cousins Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. KeyCorp raised Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 target price on the stock in a research report on Tuesday, December 17th. Finally, BMO Capital Markets cut Cousins Properties from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Cousins Properties presently has a consensus rating of “Moderate Buy” and an average price target of $32.89.

Cousins Properties Stock Down 0.4 %

Cousins Properties stock opened at $29.51 on Friday. Cousins Properties Incorporated has a 52 week low of $21.58 and a 52 week high of $32.55. The firm has a market cap of $4.96 billion, a price-to-earnings ratio of 98.37, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. The business’s 50-day moving average price is $29.95 and its 200 day moving average price is $30.24. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64.

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

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Thursday, April 3rd. Cousins Properties’s dividend payout ratio (DPR) is presently 426.67%.

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.