Cousins Properties Incorporated (NYSE:CUZ) Stock Position Raised by Rush Island Management LP

Rush Island Management LP raised its holdings in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 91.4% during the fourth quarter, according to 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 quarter. Cousins Properties accounts for about 6.1% of Rush Island Management LP's holdings, making the stock its 9th biggest position. Rush Island Management LP owned approximately 1.90% of Cousins Properties worth $92,283,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CUZ. Resolution Capital Ltd purchased a new stake in Cousins Properties in the 4th quarter valued at approximately $135,094,000. GRS Advisors LLC purchased a new stake in Cousins Properties in the 4th quarter valued at approximately $63,759,000. Norges Bank acquired a new stake in shares of Cousins Properties during the 4th quarter valued at approximately $57,194,000. Principal Financial Group Inc. lifted its position in shares of 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 acquiring an additional 1,350,352 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Cousins Properties by 400.9% during the 4th quarter. Millennium Management LLC now owns 1,233,050 shares of the real estate investment trust's stock valued at $37,781,000 after acquiring an additional 986,863 shares during the period. Hedge funds and other institutional investors own 94.38% of the company's stock.

Cousins Properties Trading Up 1.8%

Shares of CUZ opened at $28.47 on Friday. Cousins Properties Incorporated has a fifty-two week low of $22.01 and a fifty-two week high of $32.55. The company has a market capitalization of $4.78 billion, a PE ratio of 94.90, a price-to-earnings-growth ratio of 2.98 and a beta of 1.34. The stock has a fifty day moving average of $27.92 and a two-hundred day moving average of $29.60. 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 released its 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. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. The firm had revenue of $6.81 million during the quarter, compared to analyst estimates of $238.49 million. During the same period in the prior year, the firm posted $0.65 earnings per share. The business's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently declared 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 4.50%. The ex-dividend date was Thursday, April 3rd. Cousins Properties's payout ratio is 387.88%.

Analysts Set New Price Targets

CUZ has been the subject of a number of research reports. StockNews.com upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Robert W. Baird reduced 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 report on Monday, February 24th. Barclays reduced their price target on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Wolfe Research raised Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a research note on Monday, April 7th. Finally, Jefferies Financial Group assumed coverage on Cousins Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $35.00 target price on the stock. 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, the stock presently has an average rating of "Moderate Buy" and an average target price 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.

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