Advisor Resource Council Takes $418,000 Position in Cousins Properties Incorporated (NYSE:CUZ)

Advisor Resource Council acquired a new position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 14,155 shares of the real estate investment trust's stock, valued at approximately $418,000.

Several other institutional investors have also recently added to or reduced their stakes in CUZ. Rhumbline Advisers lifted its stake in Cousins Properties by 4.9% during the fourth 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. lifted its stake in Cousins Properties by 7.6% during 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 acquiring an additional 189,411 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in Cousins Properties by 7.9% during the 1st quarter. QRG Capital Management Inc. now owns 21,467 shares of the real estate investment trust's stock valued at $633,000 after acquiring an additional 1,570 shares during the period. Yousif Capital Management LLC boosted its holdings in Cousins Properties by 1.2% during the 1st quarter. Yousif Capital Management LLC now owns 57,490 shares of the real estate investment trust's stock valued at $1,696,000 after acquiring an additional 666 shares during the period. Finally, Vert Asset Management LLC acquired a new position in Cousins Properties in the 1st quarter valued at about $2,026,000. Institutional investors and hedge funds own 94.38% of the company's stock.

Cousins Properties Stock Up 1.2%

NYSE CUZ traded up $0.35 during trading on Thursday, reaching $30.12. 2,079,704 shares of the company's stock were exchanged, compared to its average volume of 1,326,289. The company has a 50 day moving average price of $28.50 and a two-hundred day moving average price of $29.16. The stock has a market cap of $5.06 billion, a P/E ratio of 91.27, a price-to-earnings-growth ratio of 2.78 and a beta of 1.32. Cousins Properties Incorporated has a 1 year low of $22.16 and a 1 year high of $32.55. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.89 and a current ratio of 0.89.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued 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 business 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 1.15% and a net margin of 5.97%. The business's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the company earned $0.65 EPS. On average, equities research analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, July 7th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.25%. The ex-dividend date is Monday, July 7th. Cousins Properties's payout ratio is 387.88%.

Analysts Set New Price Targets

CUZ has been the topic of several research reports. Truist Financial reduced their price target on shares of Cousins Properties from $31.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Wolfe Research raised shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price target for the company in a research report on Monday, April 7th. Wells Fargo & Company dropped their price target on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Jefferies Financial Group started 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, Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Four equities research 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 has an average rating of "Moderate Buy" and an average price target 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.