MQS Management LLC Buys Shares of 12,296 Cousins Properties Incorporated (NYSE:CUZ)

MQS Management LLC acquired a new position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 12,296 shares of the real estate investment trust's stock, valued at approximately $363,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Cousins Properties by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust's stock worth $759,936,000 after buying an additional 985,934 shares in the last quarter. APG Asset Management US Inc. boosted its stake in Cousins Properties by 0.3% during the fourth quarter. APG Asset Management US Inc. now owns 7,853,306 shares of the real estate investment trust's stock worth $240,625,000 after buying an additional 19,657 shares in the last quarter. Centersquare Investment Management LLC boosted its stake in Cousins Properties by 11.7% during the fourth quarter. Centersquare Investment Management LLC now owns 5,600,905 shares of the real estate investment trust's stock worth $171,612,000 after buying an additional 585,659 shares in the last quarter. Resolution Capital Ltd acquired a new stake in Cousins Properties during the fourth quarter worth $135,094,000. Finally, Geode Capital Management LLC boosted its stake in Cousins Properties by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 3,072,221 shares of the real estate investment trust's stock worth $94,160,000 after buying an additional 208,044 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Mizuho lifted their price objective on Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a report on Monday. Evercore ISI upped their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Truist Financial downgraded shares of Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research report on Wednesday, July 2nd. Wells Fargo & Company dropped their price objective on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Finally, Wolfe Research upgraded Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a research report on Monday, April 7th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Cousins Properties presently has an average rating of "Moderate Buy" and a consensus price target of $32.50.

Cousins Properties Stock Down 0.1%

Shares of Cousins Properties stock traded down $0.03 on Friday, reaching $28.14. 521,903 shares of the company were exchanged, compared to its average volume of 1,355,875. Cousins Properties Incorporated has a one year low of $24.02 and a one year high of $32.55. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 85.41, a PEG ratio of 2.68 and a beta of 1.33. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average of $29.04 and a 200 day moving average of $29.05.

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, beating analysts' consensus estimates of $0.71 by $0.03. Cousins Properties had a return on equity of 1.15% and a net margin of 5.97%. The business had revenue of $6.81 million for the quarter, compared to analysts' expectations of $238.49 million. During the same quarter in the prior year, the business earned $0.65 EPS. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. On average, equities research analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, July 7th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date was Monday, July 7th. Cousins Properties's dividend payout ratio 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.