JPMorgan Chase & Co. grew its position in shares of Cousins Properties Incorporated (NYSE:CUZ – Get Rating) by 10.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,004,704 shares of the real estate investment trust’s stock after purchasing an additional 93,245 shares during the period. JPMorgan Chase & Co.’s holdings in Cousins Properties were worth $25,409,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Red Tortoise LLC bought a new stake in Cousins Properties during the fourth quarter worth $32,000. Fifth Third Bancorp increased its position in shares of Cousins Properties by 441.6% during the 4th quarter. Fifth Third Bancorp now owns 1,419 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 1,157 shares during the last quarter. Lazard Asset Management LLC bought a new position in Cousins Properties during the first quarter valued at $39,000. Allworth Financial LP boosted its position in Cousins Properties by 521.7% during the 4th quarter. Allworth Financial LP now owns 1,573 shares of the real estate investment trust’s stock valued at $40,000 after acquiring an additional 1,320 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in Cousins Properties by 936.8% in the third quarter. Quadrant Capital Group LLC now owns 1,804 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 1,630 shares in the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the stock. BMO Capital Markets lowered their price target on shares of Cousins Properties from $28.00 to $24.00 in a research note on Monday, March 20th. Jefferies Financial Group assumed coverage on Cousins Properties in a report on Thursday, April 20th. They set a “hold” rating and a $21.00 target price for the company. StockNews.com downgraded Cousins Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, June 6th. Barclays decreased their target price on shares of Cousins Properties from $36.00 to $28.00 and set an “overweight” rating for the company in a research note on Friday, March 24th. Finally, Wells Fargo & Company decreased their price target on shares of Cousins Properties from $29.00 to $25.00 and set an “overweight” rating for the company in a research report on Thursday, March 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $26.00.
Cousins Properties Trading Up 0.3 %
Cousins Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Wednesday, April 5th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 5.94%. The ex-dividend date of this dividend was Tuesday, April 4th. Cousins Properties’s dividend payout ratio is 119.63%.
About Cousins Properties
Cousins Properties is a fully integrated, self-administered and self-managed real estate investment trust (REIT). The Company, based in Atlanta, GA and acting through its operating partnership, Cousins Properties LP, primarily invests in Class A office buildings located in high-growth Sun Belt markets.
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