D. E. Shaw & Co. Inc. Has $1.51 Million Stake in Cousins Properties Incorporated (NYSE:CUZ)

D. E. Shaw & Co. Inc. lowered its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 76.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,172 shares of the real estate investment trust's stock after selling 159,135 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Cousins Properties were worth $1,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its position in Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 395 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Cousins Properties by 21.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 56,404 shares of the real estate investment trust's stock valued at $1,728,000 after purchasing an additional 9,831 shares during the period. Blue Trust Inc. raised its holdings in Cousins Properties by 59.4% in the 4th quarter. Blue Trust Inc. now owns 6,466 shares of the real estate investment trust's stock valued at $191,000 after acquiring an additional 2,409 shares in the last quarter. KBC Group NV boosted its stake in Cousins Properties by 23.2% during the fourth quarter. KBC Group NV now owns 6,027 shares of the real estate investment trust's stock worth $185,000 after buying an additional 1,135 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in shares of Cousins Properties by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust's stock worth $695,000 after acquiring an additional 485 shares during the period. Institutional investors and hedge funds own 94.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wolfe Research upgraded shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Monday, April 7th. Wells Fargo & Company cut their price target on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Barclays cut their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Jefferies Financial Group started coverage on Cousins Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $35.00 price target on the stock. Finally, Robert W. Baird cut their target price on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $32.20.

Cousins Properties Price Performance

Shares of Cousins Properties stock traded down $0.11 during trading on Wednesday, reaching $27.74. 161,459 shares of the company's stock were exchanged, compared to its average volume of 1,404,040. The company has a market cap of $4.66 billion, a P/E ratio of 92.47, a PEG ratio of 2.98 and a beta of 1.34. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. The firm's 50-day moving average price is $27.67 and its 200 day moving average price is $29.40. Cousins Properties Incorporated has a 1-year low of $22.01 and a 1-year high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. 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 company earned $0.65 EPS. Cousins Properties's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, research analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd were given a $0.32 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.61%. Cousins Properties's dividend payout ratio (DPR) is currently 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.