TCW Group Inc. Sells 1,030 Shares of Cousins Properties Incorporated (NYSE:CUZ)

TCW Group Inc. lowered its stake in shares of Cousins Properties Incorporated (NYSE:CUZ) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,195 shares of the real estate investment trust’s stock after selling 1,030 shares during the quarter. TCW Group Inc.’s holdings in Cousins Properties were worth $1,293,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in Cousins Properties by 11.1% in the fourth quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust’s stock worth $413,375,000 after buying an additional 1,350,352 shares during the last quarter. State Street Corp increased its holdings in Cousins Properties by 0.6% during the 3rd quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock worth $224,251,000 after acquiring an additional 48,668 shares during the period. Geode Capital Management LLC lifted its stake in Cousins Properties by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock worth $84,457,000 after purchasing an additional 36,727 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Cousins Properties by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,488,358 shares of the real estate investment trust’s stock valued at $73,357,000 after purchasing an additional 82,521 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Cousins Properties by 3,768.0% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock valued at $68,907,000 after purchasing an additional 2,276,986 shares in the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CUZ shares. 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 research note on Monday. Mizuho upgraded shares of Cousins Properties from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $22.00 to $30.00 in a research report on Tuesday, January 7th. Barclays dropped their target price on shares of Cousins Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Jefferies Financial Group raised shares of Cousins Properties from a “hold” rating to a “buy” rating and increased their price target for the stock from $33.00 to $36.00 in a report on Thursday, January 2nd. Finally, KeyCorp upgraded shares of Cousins Properties from a “sector weight” rating to an “overweight” rating and set a $34.00 price objective on the stock in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.00.

Cousins Properties Price Performance

CUZ stock opened at $30.17 on Tuesday. The firm has a market cap of $5.06 billion, a P/E ratio of 100.55, a P/E/G ratio of 2.98 and a beta of 1.29. The firm’s fifty day moving average is $30.26 and its 200 day moving average is $29.97. Cousins Properties Incorporated has a 52 week low of $21.58 and a 52 week high of $32.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74.

Cousins Properties (NYSE:CUZ) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share 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%. Research analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties’s 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.