Jennison Associates LLC Sells 3,909 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Jennison Associates LLC trimmed its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 0.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 2,201,506 shares of the real estate investment trust’s stock after selling 3,909 shares during the quarter. Jennison Associates LLC owned about 1.39% of Cousins Properties worth $67,454,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CUZ. Millennium Management LLC lifted its position in Cousins Properties by 10.6% during the second quarter. Millennium Management LLC now owns 566,471 shares of the real estate investment trust’s stock worth $13,114,000 after purchasing an additional 54,225 shares during the period. Creative Planning boosted its holdings in shares of Cousins Properties by 7.9% in the 2nd quarter. Creative Planning now owns 21,528 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 1,575 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Cousins Properties during the 2nd quarter worth $530,000. SG Americas Securities LLC lifted its position in shares of Cousins Properties by 4.7% during the 3rd quarter. SG Americas Securities LLC now owns 159,830 shares of the real estate investment trust’s stock worth $4,712,000 after buying an additional 7,118 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in Cousins Properties by 14.0% in the third quarter. Handelsbanken Fonder AB now owns 36,620 shares of the real estate investment trust’s stock valued at $1,080,000 after buying an additional 4,500 shares in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Stock Down 1.3 %

Shares of CUZ opened at $30.12 on Tuesday. The stock’s 50-day moving average price is $30.45 and its two-hundred day moving average price is $29.54. Cousins Properties Incorporated has a 12 month low of $21.58 and a 12 month high of $32.55. The company has a market capitalization of $4.76 billion, a PE ratio of 91.28, a PEG ratio of 3.94 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.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s payout ratio is presently 387.88%.

Wall Street Analysts Forecast Growth

CUZ has been the subject of a number of research reports. StockNews.com cut shares of Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Wells Fargo & Company raised their target price on shares of Cousins Properties from $31.00 to $34.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Truist Financial boosted their target price on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Mizuho upgraded Cousins Properties from an “underperform” rating to a “neutral” rating and increased their price target for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. Finally, BMO Capital Markets lowered Cousins Properties from an “outperform” rating to a “market perform” rating and boosted their price objective for the stock from $31.00 to $32.00 in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.11.

Cousins Properties Company 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.