12,296 Shares in Cousins Properties Incorporated (NYSE:CUZ) Bought by MQS Management LLC

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

A number of other hedge funds also recently bought and sold shares of the business. New York State Teachers Retirement System increased its position in shares of Cousins Properties by 13.5% during the first quarter. New York State Teachers Retirement System now owns 166,446 shares of the real estate investment trust's stock valued at $4,910,000 after buying an additional 19,744 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Cousins Properties by 16.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,421 shares of the real estate investment trust's stock valued at $278,000 after purchasing an additional 1,297 shares during the last quarter. KBC Group NV increased its position in shares of Cousins Properties by 25.3% during the first quarter. KBC Group NV now owns 7,554 shares of the real estate investment trust's stock valued at $223,000 after acquiring an additional 1,527 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Cousins Properties by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 1,384,847 shares of the real estate investment trust's stock valued at $40,853,000 after purchasing an additional 12,131 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in Cousins Properties by 3.6% in the first quarter. Amalgamated Bank now owns 77,490 shares of the real estate investment trust's stock worth $2,286,000 after purchasing an additional 2,673 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company's stock.

Cousins Properties Trading Down 0.1%

Shares of Cousins Properties stock traded down $0.03 during mid-day trading on Wednesday, hitting $28.72. The stock had a trading volume of 1,313,664 shares, compared to its average volume of 1,357,336. The firm has a 50-day moving average of $29.03 and a two-hundred day moving average of $29.06. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62. The firm has a market cap of $4.82 billion, a P/E ratio of 87.02, a price-to-earnings-growth ratio of 2.68 and a beta of 1.33. Cousins Properties Incorporated has a 12-month low of $24.02 and a 12-month high of $32.55.

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

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, July 7th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Monday, July 7th. Cousins Properties's dividend payout ratio is currently 387.88%.

Analysts Set New Price Targets

Several research firms have recently commented on CUZ. Truist Financial lowered Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a research note on Wednesday, July 2nd. Wolfe Research upgraded shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research note on Monday, April 7th. Wells Fargo & Company cut their target price on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Evercore ISI upped their price objective on Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a research report on Monday, May 19th. Finally, Mizuho lifted their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a research note on Monday. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $32.50.

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.