Ameriprise Financial Inc. Has $28.38 Million Position in Cousins Properties Incorporated (NYSE:CUZ)

Ameriprise Financial Inc. increased its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 926,239 shares of the real estate investment trust's stock after acquiring an additional 11,466 shares during the period. Ameriprise Financial Inc. owned about 0.59% of Cousins Properties worth $28,380,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Rhumbline Advisers boosted its position in Cousins Properties by 4.9% in the fourth quarter. Rhumbline Advisers now owns 466,850 shares of the real estate investment trust's stock valued at $14,304,000 after buying an additional 21,939 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Cousins Properties by 7.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust's stock valued at $82,047,000 after buying an additional 189,411 shares in the last quarter. KBC Group NV boosted its position in Cousins Properties by 23.2% in the fourth quarter. KBC Group NV now owns 6,027 shares of the real estate investment trust's stock valued at $185,000 after buying an additional 1,135 shares in the last quarter. Van ECK Associates Corp boosted its position in Cousins Properties by 24.5% in the fourth quarter. Van ECK Associates Corp now owns 36,162 shares of the real estate investment trust's stock valued at $1,108,000 after buying an additional 7,119 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its position in Cousins Properties by 13.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 250,886 shares of the real estate investment trust's stock valued at $7,609,000 after buying an additional 30,600 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on CUZ shares. Evercore ISI boosted their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a research report on Monday. Wolfe Research upgraded shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Monday, April 7th. Robert W. Baird dropped their target price on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Barclays dropped their target price on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Finally, StockNews.com raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.60.

Cousins Properties Trading Down 2.2%

Shares of CUZ traded down $0.64 on Monday, reaching $28.02. 1,639,949 shares of the company's stock were exchanged, compared to its average volume of 1,255,831. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $4.70 billion, a P/E ratio of 93.40, a price-to-earnings-growth ratio of 2.98 and a beta of 1.34. The business has a 50 day moving average price of $27.92 and a two-hundred day moving average price of $29.56. Cousins Properties Incorporated has a 12 month low of $22.01 and a 12 month high of $32.55.

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

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date was Thursday, April 3rd. Cousins Properties's dividend payout ratio (DPR) is 387.88%.

About Cousins Properties

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.