33,146 Shares in Cousins Properties Incorporated (NYSE:CUZ) Acquired 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 stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 33,146 shares of the real estate investment trust's stock, valued at approximately $978,000.

Other large investors have also recently bought and sold shares of the company. Spire Wealth Management acquired a new position in shares of Cousins Properties in the 1st quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new position in Cousins Properties during the first quarter worth about $36,000. GF Fund Management CO. LTD. acquired a new position in Cousins Properties in the fourth quarter valued at about $85,000. FIL Ltd increased its holdings in shares of Cousins Properties by 24.6% in the fourth quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust's stock worth $100,000 after acquiring an additional 643 shares in the last quarter. Finally, Signaturefd LLC raised its position in shares of Cousins Properties by 16.5% during the first quarter. Signaturefd LLC now owns 3,374 shares of the real estate investment trust's stock worth $100,000 after purchasing an additional 477 shares during the period. Institutional investors own 94.38% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CUZ shares. Wolfe Research upgraded Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a research report on Monday, April 7th. Wall Street Zen lowered shares of Cousins Properties from a "hold" rating to a "sell" rating in a research note on Saturday. Wells Fargo & Company lowered their price objective on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Mizuho boosted their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Finally, Evercore ISI upped their target price on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Cousins Properties presently has an average rating of "Hold" and an average price target of $32.50.

Cousins Properties Stock Down 2.0%

Shares of CUZ stock opened at $26.56 on Friday. The firm's fifty day moving average price is $29.00 and its two-hundred day moving average price is $28.88. Cousins Properties Incorporated has a 1 year low of $24.07 and a 1 year high of $32.55. 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 firm has a market capitalization of $4.46 billion, a P/E ratio of 71.78, a PEG ratio of 2.47 and a beta of 1.33.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.70. Cousins Properties had a return on equity of 1.28% and a net margin of 6.51%. The business had revenue of $237.72 million for the quarter, compared to the consensus estimate of $243.73 million. During the same quarter in the previous year, the business earned $0.68 earnings per share. Cousins Properties's quarterly revenue was up 12.7% on a year-over-year basis. On average, equities analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, July 7th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, July 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.8%. Cousins Properties's dividend 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.

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