AQR Capital Management LLC Has $8.05 Million Stake in Cousins Properties Incorporated (NYSE:CUZ)

AQR Capital Management LLC increased its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 22.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 263,535 shares of the real estate investment trust's stock after purchasing an additional 47,462 shares during the quarter. AQR Capital Management LLC owned 0.17% of Cousins Properties worth $8,046,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its holdings in shares of Cousins Properties by 1,609.3% in the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 869 shares during the period. UMB Bank n.a. boosted its stake in Cousins Properties by 67.4% in the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 395 shares during the period. FIL Ltd grew its holdings in shares of Cousins Properties by 24.6% during the fourth quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust's stock valued at $100,000 after purchasing an additional 643 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of Cousins Properties by 473.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust's stock valued at $127,000 after purchasing an additional 3,551 shares during the last quarter. Finally, Quarry LP raised its position in shares of Cousins Properties by 9.4% during the 4th quarter. Quarry LP now owns 4,351 shares of the real estate investment trust's stock worth $133,000 after purchasing an additional 375 shares during the period. Institutional investors and hedge funds own 94.38% of the company's stock.

Cousins Properties Stock Up 1.0 %

Shares of CUZ stock traded up $0.28 during trading on Friday, hitting $28.09. 784,181 shares of the company were exchanged, compared to its average volume of 1,248,017. The business's 50-day simple moving average is $27.98 and its 200 day simple moving average is $29.69. Cousins Properties Incorporated has a twelve month low of $22.01 and a twelve month high of $32.55. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 93.63, a P/E/G ratio of 2.98 and a beta of 1.34. 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 quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $6.81 million for the quarter, compared to analysts' expectations 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 was up 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 EPS. As a group, analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.56%. The ex-dividend date was Thursday, April 3rd. Cousins Properties's dividend payout ratio (DPR) is presently 387.88%.

Wall Street Analyst Weigh In

CUZ has been the topic of several analyst reports. StockNews.com raised Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday. Robert W. Baird reduced 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 price target on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Jefferies Financial Group initiated coverage on Cousins Properties in a research report on Monday, March 17th. They set a "buy" rating and a $35.00 price objective for the company. Finally, Wolfe Research upgraded Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a research report on Monday, April 7th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.70.

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.