33,146 Shares in Cousins Properties Incorporated (NYSE:CUZ) Purchased by XTX Topco Ltd

Key Points

• XTX Topco Ltd has acquired 33,146 shares of Cousins Properties, valued at approximately $978,000, as reported in their recent SEC filing.
• Analysts have set an average price target of $32.50 for Cousins Properties, with six analysts issuing buy ratings and one issuing a sell rating.
• Cousins Properties reported a quarterly dividend of $0.32 per share, reflecting an annual dividend yield of 4.8%, despite a dividend payout ratio of 345.95%.

XTX Topco Ltd acquired a new position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The firm acquired 33,146 shares of the real estate investment trust's stock, valued at approximately $978,000.

Other large investors also recently modified their holdings of the company. Spire Wealth Management acquired a new stake in Cousins Properties during the 1st quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in Cousins Properties during the 1st quarter valued at approximately $36,000. GF Fund Management CO. LTD. acquired a new stake in Cousins Properties during the 4th quarter valued at approximately $85,000. FIL Ltd grew its stake in Cousins Properties by 24.6% during the 4th quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust's stock valued at $100,000 after purchasing an additional 643 shares in the last quarter. Finally, Signaturefd LLC grew its stake in Cousins Properties by 16.5% during the 1st quarter. Signaturefd LLC now owns 3,374 shares of the real estate investment trust's stock valued at $100,000 after purchasing an additional 477 shares in the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Wells Fargo & Company decreased their target price 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. Wall Street Zen lowered Cousins Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Evercore ISI boosted 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. Mizuho boosted their price objective on Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Finally, 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 report on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Cousins Properties presently has a consensus rating of "Hold" and an average price target of $32.50.

Cousins Properties Price Performance

Shares of CUZ traded up $0.04 during midday trading on Thursday, reaching $27.00. The stock had a trading volume of 1,295,438 shares, compared to its average volume of 1,500,462. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.45 and a quick ratio of 2.45. The company has a market capitalization of $4.54 billion, a P/E ratio of 72.91, a P/E/G ratio of 1.75 and a beta of 1.33. The firm's 50 day moving average price is $28.96 and its 200-day moving average price is $28.81. Cousins Properties Incorporated has a 52 week low of $24.07 and a 52 week high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.70. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%. The business had revenue of $237.72 million for the quarter, compared to analysts' expectations of $243.73 million. During the same period in the previous year, the firm posted $0.68 EPS. The company's quarterly revenue was up 12.7% on a year-over-year basis. On average, analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, July 7th were given a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.7%. Cousins Properties's payout ratio is currently 345.95%.

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.