Palisade Capital Management LP Decreases Holdings in Cousins Properties Incorporated – Fourth Quarter Update

Palisade Capital Management LP, a prominent investment firm, recently made a significant move by decreasing its holdings in Cousins Properties Incorporated (NYSE: CUZ). According to the firm’s latest filing with the SEC, Palisade Capital Management LP reduced its stake in Cousins Properties by 10.7% during the fourth quarter, selling off 129,040 shares of the real estate investment trust’s stock. This move brought the firm’s total ownership of Cousins Properties to 1,077,053 shares, valued at $26,226,000 at the end of the reporting period.

This change in ownership is part of a larger trend among institutional investors, with several other major players also adjusting their positions in Cousins Properties. Retirement Systems of Alabama, Treasurer of the State of North Carolina, Truist Financial Corp, Asset Management One Co. Ltd., and Koshinski Asset Management Inc. have all made modifications to their holdings in the real estate investment trust.

In other news related to Cousins Properties, CFO Gregg D. Adzema recently sold 71,097 shares of the company’s stock in a transaction valued at $1,657,271.07. This sale represents a significant move by an insider, as corporate insiders currently own 1.40% of the company’s stock.

Analysts have also been closely monitoring Cousins Properties, with some recent changes in ratings and target prices. StockNews.com upgraded Cousins Properties from a “sell” rating to a “hold” rating, while Barclays lowered their target price on the stock. Overall, the company currently has an average rating of “Hold” and a consensus target price of $23.67.

Despite these changes, Cousins Properties has shown resilience in its stock performance, with shares trading at $23.09 on Friday. The company has a market cap of $3.51 billion and a PE ratio of 47.12. Cousins Properties recently reported its quarterly earnings, with a net margin of 9.15% and a return on equity of 1.62%.

Additionally, Cousins Properties announced a quarterly dividend, with investors receiving a dividend of $0.32 per share. The ex-dividend date for this payment was April 3rd, with a yield of 5.54%. The company’s dividend payout ratio is currently 261.22%.

Cousins Properties Incorporated is a fully integrated real estate investment trust based in Atlanta, focusing on Class A office buildings in high-growth Sun Belt markets. With institutional investors and insiders making moves and analysts closely monitoring the stock, Cousins Properties continues to be a key player in the real estate investment sector.