JPMorgan Chase & Co. Has $51.58 Million Position in Cousins Properties Incorporated (NYSE:CUZ)

JPMorgan Chase & Co. lifted its position in Cousins Properties Incorporated (NYSE:CUZ) by 21.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,749,662 shares of the real estate investment trust’s stock after acquiring an additional 309,571 shares during the period. JPMorgan Chase & Co.’s holdings in Cousins Properties were worth $51,580,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CUZ. Larson Financial Group LLC raised its holdings in Cousins Properties by 49.7% in the third 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 during the period. Federated Hermes Inc. lifted its holdings in Cousins Properties by 2.2% during the second quarter. Federated Hermes Inc. now owns 23,534 shares of the real estate investment trust’s stock worth $545,000 after acquiring an additional 501 shares in the last quarter. Signaturefd LLC grew its stake in Cousins Properties by 30.8% in the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 651 shares during the period. Texas Permanent School Fund Corp increased its holdings in shares of Cousins Properties by 0.6% in the second quarter. Texas Permanent School Fund Corp now owns 133,620 shares of the real estate investment trust’s stock worth $3,093,000 after acquiring an additional 790 shares in the last quarter. Finally, Arizona State Retirement System raised its position in shares of Cousins Properties by 2.1% during the second quarter. Arizona State Retirement System now owns 42,573 shares of the real estate investment trust’s stock worth $986,000 after purchasing an additional 862 shares during the period. Institutional investors own 94.38% of the company’s stock.

Cousins Properties Price Performance

NYSE:CUZ opened at $30.55 on Friday. The stock’s 50-day simple moving average is $30.88 and its 200 day simple moving average is $28.47. 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 0.60, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market cap of $4.83 billion, a P/E ratio of 92.58, a P/E/G ratio of 4.02 and a beta of 1.29.

Cousins Properties (NYSE:CUZ) last posted its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.60). The company had revenue of $209.21 million for the quarter, compared to analyst estimates of $212.54 million. Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. As a group, sell-side analysts forecast that Cousins Properties Incorporated will post 2.68 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Friday, January 3rd. Cousins Properties’s dividend payout ratio is currently 387.88%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CUZ. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Truist Financial increased their price objective on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Robert W. Baird boosted their price objective on shares of Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Wells Fargo & Company increased their target price on Cousins Properties from $31.00 to $34.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, Jefferies Financial Group upgraded Cousins Properties from a “hold” rating to a “buy” rating and boosted their price target for the company from $33.00 to $36.00 in a report on Thursday. Three investment analysts have rated the stock with a hold rating and six have given 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 $33.50.

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.