Alyeska Investment Group L.P. Grows Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Alyeska Investment Group L.P. increased its stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 7.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,505,910 shares of the real estate investment trust's stock after buying an additional 172,094 shares during the period. Alyeska Investment Group L.P. owned 1.58% of Cousins Properties worth $76,781,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CUZ. Vanguard Group Inc. raised its stake in shares of Cousins Properties by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust's stock valued at $759,936,000 after acquiring an additional 985,934 shares in the last quarter. Principal Financial Group Inc. raised its position in Cousins Properties by 11.1% during the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust's stock valued at $413,375,000 after purchasing an additional 1,350,352 shares in the last quarter. APG Asset Management US Inc. lifted its holdings in shares of Cousins Properties by 0.3% in the 4th quarter. APG Asset Management US Inc. now owns 7,853,306 shares of the real estate investment trust's stock worth $240,625,000 after buying an additional 19,657 shares during the period. Centersquare Investment Management LLC grew its position in shares of Cousins Properties by 11.7% during the 4th quarter. Centersquare Investment Management LLC now owns 5,600,905 shares of the real estate investment trust's stock worth $171,612,000 after buying an additional 585,659 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Cousins Properties by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 3,072,221 shares of the real estate investment trust's stock valued at $94,160,000 after buying an additional 208,044 shares during the period. Institutional investors own 94.38% of the company's stock.

Cousins Properties Trading Up 0.1 %

Shares of NYSE CUZ traded up $0.02 during midday trading on Wednesday, reaching $27.67. 1,375,681 shares of the stock were exchanged, compared to its average volume of 1,253,735. Cousins Properties Incorporated has a twelve month low of $22.01 and a twelve month high of $32.55. The stock has a market capitalization of $4.65 billion, a P/E ratio of 92.22, a PEG ratio of 2.98 and a beta of 1.34. The company has a 50 day simple moving average of $28.11 and a 200 day simple moving average of $29.74. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. The company had revenue of $6.81 million for the quarter, compared to the consensus estimate of $238.49 million. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 earnings per share. As a group, equities analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date was Thursday, April 3rd. Cousins Properties's dividend payout ratio is presently 387.88%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Wolfe Research upgraded shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a report on Monday, April 7th. Jefferies Financial Group initiated coverage on shares of Cousins Properties in a research note on Monday, March 17th. They set a "buy" rating and a $35.00 price objective on the stock. StockNews.com raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and increased their target price for the company from $22.00 to $30.00 in a research report on Tuesday, January 7th. Finally, Barclays reduced their price target on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Cousins Properties presently has a consensus rating of "Moderate Buy" and an average price target of $32.70.

Cousins Properties Company 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.