Cousins Properties Incorporated (NYSE:CUZ) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC cut its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 5.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 177,901 shares of the real estate investment trust's stock after selling 9,713 shares during the period. Peregrine Capital Management LLC owned about 0.11% of Cousins Properties worth $5,248,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Spire Wealth Management purchased a new stake in shares of Cousins Properties during the first quarter worth $25,000. Jones Financial Companies Lllp raised its holdings in Cousins Properties by 1,609.3% in the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 869 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in Cousins Properties in the 4th quarter worth approximately $85,000. FIL Ltd boosted its holdings in shares of Cousins Properties by 24.6% during the 4th quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust's stock worth $100,000 after purchasing an additional 643 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in shares of Cousins Properties by 473.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust's stock valued at $127,000 after purchasing an additional 3,551 shares in the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Jefferies Financial Group began coverage on Cousins Properties in a research report on Monday, March 17th. They set a "buy" rating and a $35.00 price objective on the stock. Evercore ISI lifted their price target on Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. Wall Street Zen raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Wolfe Research upgraded shares of 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. Finally, Truist Financial decreased their target price on shares of Cousins Properties from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $32.20.

Cousins Properties Trading Down 0.6%

Shares of CUZ stock traded down $0.19 during trading hours on Tuesday, hitting $29.84. The company had a trading volume of 2,234,692 shares, compared to its average volume of 1,332,418. The company's fifty day moving average is $28.64 and its 200 day moving average is $29.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.89 and a quick ratio of 0.89. Cousins Properties Incorporated has a fifty-two week low of $22.33 and a fifty-two week high of $32.55. The stock has a market capitalization of $5.01 billion, a PE ratio of 90.42, a price-to-earnings-growth ratio of 2.81 and a beta of 1.32.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $238.49 million. During the same period last year, the business posted $0.65 earnings per share. The company's quarterly revenue was up 16.4% on a year-over-year basis. Research analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, July 7th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.29%. The ex-dividend date of this dividend is Monday, July 7th. Cousins Properties's dividend payout ratio (DPR) is currently 387.88%.

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.