Ballentine Partners LLC Purchases Shares of 11,415 Cousins Properties Incorporated (NYSE:CUZ)

Ballentine Partners LLC bought a new position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,415 shares of the real estate investment trust's stock, valued at approximately $337,000.

Several other hedge funds also recently made changes to their positions in the business. New York State Teachers Retirement System lifted its holdings in Cousins Properties by 13.5% during the 1st 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 purchasing an additional 19,744 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased 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 worth $278,000 after buying an additional 1,297 shares during the period. KBC Group NV increased its position in Cousins Properties by 25.3% during the 1st quarter. KBC Group NV now owns 7,554 shares of the real estate investment trust's stock worth $223,000 after buying an additional 1,527 shares during the period. Bank of New York Mellon Corp increased its position in Cousins Properties by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,384,847 shares of the real estate investment trust's stock worth $40,853,000 after buying an additional 12,131 shares during the period. Finally, Amalgamated Bank increased its position in shares of 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 period. 94.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CUZ. Truist Financial cut Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 target price on the stock. in a research report on Wednesday, July 2nd. Wolfe Research raised Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a research report on Monday, April 7th. Mizuho increased their price target on Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a research report on Monday. Wall Street Zen raised Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Wells Fargo & Company reduced their price objective on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Monday, May 19th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Cousins Properties presently has an average rating of "Moderate Buy" and an average price target of $32.50.

Cousins Properties Price Performance

NYSE CUZ traded down $0.47 during trading hours on Thursday, reaching $28.25. The company's stock had a trading volume of 528,595 shares, compared to its average volume of 1,470,315. Cousins Properties Incorporated has a 1-year low of $24.01 and a 1-year high of $32.55. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.89 and a quick ratio of 0.89. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 85.60, a P/E/G ratio of 2.68 and a beta of 1.33. The company's 50-day moving average is $29.03 and its two-hundred day moving average is $29.06.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings data 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. Cousins Properties had a return on equity of 1.15% and a net margin of 5.97%. The business had revenue of $6.81 million for the quarter, compared to analysts' expectations of $238.49 million. During the same period last year, the firm earned $0.65 earnings per share. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, July 7th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.53%. The ex-dividend date is Monday, July 7th. Cousins Properties's dividend payout ratio (DPR) is presently 387.88%.

About Cousins Properties

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.