UMB Bank n.a. Acquires 395 Shares of Cousins Properties Incorporated (NYSE:CUZ)

UMB Bank n.a. grew its stake in Cousins Properties Incorporated (NYSE:CUZ) by 67.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 981 shares of the real estate investment trust’s stock after acquiring an additional 395 shares during the period. UMB Bank n.a.’s holdings in Cousins Properties were worth $30,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Principal Financial Group Inc. grew its stake in Cousins Properties by 3.9% in the third quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust’s stock valued at $357,910,000 after purchasing an additional 458,387 shares during the last quarter. State Street Corp boosted its stake in shares of Cousins Properties by 0.6% in the third quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust’s stock worth $224,251,000 after buying an additional 48,668 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Cousins Properties by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust’s stock valued at $84,457,000 after purchasing an additional 36,727 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Cousins Properties by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,488,358 shares of the real estate investment trust’s stock worth $73,357,000 after acquiring an additional 82,521 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its position in Cousins Properties by 3,768.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust’s stock worth $68,907,000 after purchasing an additional 2,276,986 shares in the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CUZ shares. KeyCorp upgraded shares of 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. StockNews.com cut Cousins Properties from a “hold” rating to a “sell” rating in a report on Thursday, January 9th. Barclays lifted their price target on shares of Cousins Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Monday, January 13th. BMO Capital Markets lowered shares of Cousins Properties from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $31.00 to $32.00 in a report on Tuesday, December 3rd. Finally, Robert W. Baird lifted their target price on shares of Cousins Properties from $33.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday, December 12th. One 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 stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $33.22.

Cousins Properties Stock Performance

Shares of NYSE CUZ opened at $30.59 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $4.84 billion, a PE ratio of 92.70, a price-to-earnings-growth ratio of 3.92 and a beta of 1.29. The company has a 50-day simple moving average of $30.58 and a 200-day simple moving average of $29.30. Cousins Properties Incorporated has a 12 month low of $21.58 and a 12 month high of $32.55.

Cousins Properties (NYSE:CUZ) last released its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.60). The business had revenue of $209.21 million during 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%. Cousins Properties’s revenue was up 5.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. On average, equities analysts anticipate that Cousins Properties Incorporated will post 2.68 earnings per share for the current year.

Cousins Properties Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Friday, January 3rd. Cousins Properties’s dividend payout ratio is currently 387.88%.

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.