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

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

Other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp boosted its stake in Cousins Properties by 1,609.3% in the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 869 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Cousins Properties in the fourth quarter worth $724,000. Securian Asset Management Inc. boosted its stake in Cousins Properties by 7.2% in the fourth quarter. Securian Asset Management Inc. now owns 12,678 shares of the real estate investment trust's stock worth $388,000 after purchasing an additional 848 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in Cousins Properties by 4.0% in the fourth quarter. Avantax Advisory Services Inc. now owns 27,008 shares of the real estate investment trust's stock worth $828,000 after purchasing an additional 1,038 shares in the last quarter. Finally, Swiss National Bank boosted its stake in Cousins Properties by 0.8% in the fourth quarter. Swiss National Bank now owns 299,233 shares of the real estate investment trust's stock worth $9,168,000 after purchasing an additional 2,400 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Mizuho upped their price objective on Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Wall Street Zen raised Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Truist Financial cut 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. Evercore ISI increased their target price on Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Finally, 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 report on Monday, April 7th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $32.50.

Cousins Properties Stock Up 0.2%

Cousins Properties stock traded up $0.05 during midday trading on Friday, reaching $28.22. The stock had a trading volume of 1,308,700 shares, compared to its average volume of 1,357,814. Cousins Properties Incorporated has a 12 month low of $24.02 and a 12 month high of $32.55. The company has a market capitalization of $4.74 billion, a P/E ratio of 85.52, a PEG ratio of 2.63 and a beta of 1.33. The company has a fifty day moving average price of $29.04 and a two-hundred day moving average price of $29.03. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62.

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

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, July 7th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.54%. The ex-dividend date of this dividend was Monday, July 7th. Cousins Properties's dividend payout ratio (DPR) is 387.88%.

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.