Healthcare of Ontario Pension Plan Trust Fund Boosts Stake in Cousins Properties Incorporated (NYSE:CUZ)

Posted by on Feb 28th, 2023

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Cousins Properties Incorporated (NYSE:CUZ – Get Rating) by 44.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,899 shares of the real estate investment trust’s stock after purchasing an additional 10,671 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Cousins Properties were worth $815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Asset Dedication LLC purchased a new position in shares of Cousins Properties in the third quarter worth $25,000. Ellevest Inc. raised its stake in shares of Cousins Properties by 8,100.0% in the third quarter. Ellevest Inc. now owns 1,148 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 1,134 shares during the last quarter. CWM LLC raised its stake in shares of Cousins Properties by 461.1% in the third quarter. CWM LLC now owns 1,285 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,056 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of Cousins Properties in the first quarter worth $39,000. Finally, Assetmark Inc. raised its stake in shares of Cousins Properties by 138.2% in the second quarter. Assetmark Inc. now owns 1,422 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 825 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CUZ. Mizuho cut Cousins Properties from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $29.00 to $22.00 in a research report on Wednesday, January 4th. Robert W. Baird raised their price objective on shares of Cousins Properties from $31.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, February 14th. Wells Fargo & Company upped their target price on shares of Cousins Properties to $29.00 in a report on Wednesday, December 14th. Barclays decreased their price target on shares of Cousins Properties from $43.00 to $36.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 13th. Finally, StockNews.com raised shares of Cousins Properties from a “sell” rating to a “hold” rating in a research report on Monday, January 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $29.25.

Cousins Properties Stock Performance

NYSE:CUZ opened at $24.77 on Tuesday. The stock has a 50-day simple moving average of $25.78 and a two-hundred day simple moving average of $25.56. Cousins Properties Incorporated has a 52-week low of $21.72 and a 52-week high of $41.69. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market capitalization of $3.75 billion, a PE ratio of 22.32, a P/E/G ratio of 2.84 and a beta of 1.12.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Wednesday, January 4th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date was Tuesday, January 3rd. Cousins Properties’s dividend payout ratio (DPR) is 115.32%.

About Cousins Properties

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Cousins Properties, Inc engages in the development, acquisition, leasing and management of real estate assets. It invests in urban office towers located in Sunbelt markets. The company was founded by Thomas G. Cousins in 1958 and is headquartered in Atlanta, GA.

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Institutional Ownership by Quarter for Cousins Properties (NYSE:CUZ)

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