Rush Island Management LP Has $92.28 Million Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Rush Island Management LP grew its stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 91.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,011,843 shares of the real estate investment trust's stock after purchasing an additional 1,438,127 shares during the period. Cousins Properties comprises approximately 6.1% of Rush Island Management LP's investment portfolio, making the stock its 9th largest position. Rush Island Management LP owned 1.90% of Cousins Properties worth $92,283,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its stake in 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 purchasing an additional 869 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Cousins Properties by 67.4% in the 4th 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 last quarter. FIL Ltd lifted its stake in shares of Cousins Properties by 24.6% in the 4th quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust's stock valued at $100,000 after acquiring an additional 643 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Cousins Properties by 473.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust's stock valued at $127,000 after acquiring an additional 3,551 shares in the last quarter. Finally, Quarry LP grew its position in 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 acquiring an additional 375 shares during the last quarter. 94.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Evercore ISI lifted their price target on Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a research note on Monday. 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 research report on Monday, April 7th. Jefferies Financial Group assumed coverage on shares of Cousins Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $35.00 price target for the company. Robert W. Baird dropped their price target 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. Finally, Wells Fargo & Company reduced their price objective on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.60.

Cousins Properties Trading Down 1.8%

Shares of CUZ stock traded down $0.49 during trading hours on Wednesday, hitting $27.11. 465,889 shares of the company were exchanged, compared to its average volume of 1,256,029. The company has a 50 day simple moving average of $27.91 and a two-hundred day simple moving average of $29.54. The firm has a market cap of $4.55 billion, a P/E ratio of 90.50, 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 Incorporated has a fifty-two week low of $22.01 and a fifty-two week high of $32.55.

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

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.72%. Cousins Properties's dividend payout ratio is presently 387.88%.

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.