Cubist Systematic Strategies LLC Buys 13,050 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Cubist Systematic Strategies LLC lifted its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 40.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,241 shares of the real estate investment trust's stock after buying an additional 13,050 shares during the period. Cubist Systematic Strategies LLC's holdings in Cousins Properties were worth $1,386,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of CUZ. Arizona State Retirement System boosted its position in Cousins Properties by 0.8% during the fourth quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust's stock valued at $1,353,000 after purchasing an additional 366 shares during the last quarter. Quarry LP boosted its position in Cousins Properties by 9.4% during the fourth quarter. Quarry LP now owns 4,351 shares of the real estate investment trust's stock valued at $133,000 after purchasing an additional 375 shares during the last quarter. UMB Bank n.a. boosted its position in Cousins Properties by 67.4% during the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 395 shares during the last quarter. Pacer Advisors Inc. boosted its position in Cousins Properties by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust's stock valued at $695,000 after purchasing an additional 485 shares during the last quarter. Finally, Norinchukin Bank The boosted its position in Cousins Properties by 7.5% during the fourth quarter. Norinchukin Bank The now owns 7,393 shares of the real estate investment trust's stock valued at $227,000 after purchasing an additional 513 shares during the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Cousins Properties Stock Performance

Shares of NYSE CUZ traded up $0.17 during trading hours on Friday, reaching $28.68. 1,873,097 shares of the stock were exchanged, compared to its average volume of 1,254,082. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 95.58, 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 52 week low of $22.01 and a 52 week high of $32.55. The stock's fifty day simple moving average is $27.93 and its 200 day simple moving average is $29.59.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its 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 company had revenue of $6.81 million for the quarter, compared to analyst estimates of $238.49 million. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share. Sell-side analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.46%. Cousins Properties's dividend payout ratio (DPR) is presently 387.88%.

Analyst Ratings Changes

Several research analysts recently commented on CUZ shares. 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. StockNews.com upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Robert W. Baird dropped their price objective on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Jefferies Financial Group initiated coverage on Cousins Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $35.00 price objective on the stock. Finally, Wolfe Research upgraded Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a research note on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.70.

Cousins Properties 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.