Nuveen Asset Management LLC Has $19.21 Million Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Posted by Defense World Staff on Mar 4th, 2023

Nuveen Asset Management LLC decreased its stake in Cousins Properties Incorporated (NYSE:CUZ – Get Rating) by 14.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 822,663 shares of the real estate investment trust’s stock after selling 137,613 shares during the period. Nuveen Asset Management LLC owned 0.54% of Cousins Properties worth $19,210,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Cousins Properties by 44.0% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 34,899 shares of the real estate investment trust’s stock valued at $815,000 after buying an additional 10,671 shares during the period. New York State Common Retirement Fund boosted its position in shares of Cousins Properties by 4.8% during the 3rd quarter. New York State Common Retirement Fund now owns 453,829 shares of the real estate investment trust’s stock valued at $10,597,000 after purchasing an additional 20,884 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Cousins Properties by 10.7% during the 3rd quarter. Jennison Associates LLC now owns 1,658,461 shares of the real estate investment trust’s stock valued at $38,725,000 after purchasing an additional 160,507 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Cousins Properties by 14.3% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 162,221 shares of the real estate investment trust’s stock valued at $3,787,000 after purchasing an additional 20,314 shares in the last quarter. Finally, Keybank National Association OH bought a new stake in shares of Cousins Properties during the 2nd quarter valued at about $293,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

Cousins Properties Stock Up 0.8 %

CUZ stock opened at $25.25 on Friday. Cousins Properties Incorporated has a twelve month low of $21.72 and a twelve month high of $41.69. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average is $25.76 and its 200-day moving average is $25.47. The firm has a market capitalization of $3.83 billion, a PE ratio of 22.75, a P/E/G ratio of 2.81 and a beta of 1.12.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Wednesday, January 4th were issued a $0.32 dividend. The ex-dividend date was Tuesday, January 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.07%. Cousins Properties’s dividend payout ratio is presently 115.32%.

Analyst Upgrades and Downgrades

CUZ has been the topic of several research analyst reports. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating in a research report on Monday, January 30th. Barclays cut their price target on Cousins Properties from $43.00 to $36.00 and set an “overweight” rating on the stock in a report on Tuesday, December 13th. JPMorgan Chase & Co. cut their price target on Cousins Properties to $29.00 in a report on Thursday, December 1st. BMO Capital Markets started coverage on Cousins Properties in a report on Monday, December 12th. They issued an “outperform” rating and a $29.00 price target on the stock. Finally, Truist Financial cut their price target on Cousins Properties to $28.00 in a report on Wednesday, November 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $29.25.

Insider Activity

In other news, EVP John S. Mccoll sold 36,975 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $24.93, for a total value of $921,786.75. Following the transaction, the executive vice president now owns 30,814 shares in the company, valued at $768,193.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.86% of the company’s stock.

Cousins Properties Profile

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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.