Friedenthal Financial purchased a new stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 29,803 shares of the real estate investment trust's stock, valued at approximately $879,000.
A number of other hedge funds also recently added to or reduced their stakes in CUZ. Jones Financial Companies Lllp lifted its stake in Cousins Properties by 1,609.3% during 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 period. GF Fund Management CO. LTD. bought a new stake in shares of Cousins Properties in the fourth quarter worth approximately $85,000. FIL Ltd grew its stake 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 during the period. CIBC Private Wealth Group LLC grew its stake 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 worth $127,000 after acquiring an additional 3,551 shares during the period. Finally, Quarry LP grew its stake in shares of Cousins Properties by 9.4% in the fourth quarter. Quarry LP now owns 4,351 shares of the real estate investment trust's stock worth $133,000 after acquiring an additional 375 shares during the period. 94.38% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of analysts have recently commented on CUZ shares. Wall Street Zen upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Jefferies Financial Group initiated coverage on shares of Cousins Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $35.00 price target for the company. 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. Robert W. Baird dropped their target price on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Finally, Truist Financial reduced their price target on shares of Cousins Properties from $31.00 to $29.00 and set a "buy" rating for the company in a research report on Thursday, May 22nd. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $32.20.
Read Our Latest Research Report on Cousins Properties
Cousins Properties Stock Performance
CUZ traded down $0.04 during midday trading on Friday, reaching $30.49. The company had a trading volume of 2,096,348 shares, compared to its average volume of 1,323,014. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average of $28.23 and a two-hundred day moving average of $29.17. The company has a market cap of $5.12 billion, a P/E ratio of 92.39, a P/E/G ratio of 2.84 and a beta of 1.32. Cousins Properties Incorporated has a 1 year low of $22.16 and a 1 year high of $32.55.
Cousins Properties (NYSE:CUZ - Get Free Report) last released 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. The company had revenue of $6.81 million during the quarter, compared to analyst estimates of $238.49 million. Cousins Properties had a net margin of 5.97% and a return on equity of 1.15%. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. As a group, equities research analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.
Cousins Properties Announces Dividend
The company also recently announced 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 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Monday, July 7th. Cousins Properties's dividend payout ratio is currently 387.88%.
About Cousins Properties
(
Free Report)
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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