14,155 Shares in Cousins Properties Incorporated (NYSE:CUZ) Purchased by Advisor Resource Council

Advisor Resource Council 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 SEC. The firm purchased 14,155 shares of the real estate investment trust's stock, valued at approximately $418,000.

Other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers increased its stake in Cousins Properties by 4.9% in the 4th quarter. Rhumbline Advisers now owns 466,850 shares of the real estate investment trust's stock worth $14,304,000 after purchasing an additional 21,939 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Cousins Properties by 7.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust's stock worth $82,047,000 after purchasing an additional 189,411 shares in the last quarter. Vert Asset Management LLC purchased a new position in Cousins Properties in the 1st quarter worth about $2,026,000. Yousif Capital Management LLC increased its stake in Cousins Properties by 1.2% in the 1st quarter. Yousif Capital Management LLC now owns 57,490 shares of the real estate investment trust's stock worth $1,696,000 after purchasing an additional 666 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Cousins Properties by 11.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,238,792 shares of the real estate investment trust's stock worth $37,957,000 after purchasing an additional 125,389 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company's stock.

Cousins Properties Stock Down 0.1%

Shares of Cousins Properties stock opened at $30.49 on Monday. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 92.39, a P/E/G ratio of 2.84 and a beta of 1.32. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.89 and a quick ratio of 0.89. Cousins Properties Incorporated has a 52-week low of $22.16 and a 52-week high of $32.55. The stock has a 50-day simple moving average of $28.23 and a 200-day simple moving average of $29.16.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $6.81 million during the quarter, compared to analyst estimates of $238.49 million. Cousins Properties had a return on equity of 1.15% and a net margin of 5.97%. The firm's revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. On average, equities research analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, July 7th will be issued a dividend of $0.32 per share. The ex-dividend date is Monday, July 7th. This represents a $1.28 annualized dividend and a dividend yield of 4.20%. Cousins Properties's dividend payout ratio is 387.88%.

Analyst Ratings Changes

CUZ has been the topic of a number of analyst reports. Wolfe Research raised 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 decreased their price objective on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Robert W. Baird decreased their price objective on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. Truist Financial decreased their price objective on Cousins Properties from $31.00 to $29.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Finally, Jefferies Financial Group assumed coverage on Cousins Properties in a research report on Monday, March 17th. They set a "buy" rating and a $35.00 price objective for the company. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $32.20.

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.

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