Friedenthal Financial Takes Position in Cousins Properties Incorporated (NYSE:CUZ)

Friedenthal Financial purchased a new stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 29,803 shares of the real estate investment trust's stock, valued at approximately $879,000.

Several other hedge funds also recently modified their holdings of CUZ. Jones Financial Companies Lllp grew its holdings in shares of 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 worth $28,000 after acquiring an additional 869 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Cousins Properties in the fourth quarter worth $85,000. FIL Ltd boosted its position 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 buying an additional 643 shares during the period. CIBC Private Wealth Group LLC boosted 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 worth $127,000 after buying an additional 3,551 shares during the period. Finally, Quarry LP boosted its position 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 buying an additional 375 shares during the period. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Price Performance

NYSE CUZ opened at $30.50 on Thursday. Cousins Properties Incorporated has a fifty-two week low of $22.16 and a fifty-two week high of $32.55. The stock's 50-day moving average is $28.05 and its two-hundred day moving average is $29.18. 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 cap of $5.12 billion, a P/E ratio of 92.43, a price-to-earnings-growth ratio of 2.82 and a beta of 1.32.

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 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 company had revenue of $6.81 million for the quarter, compared to analyst estimates of $238.49 million. During the same period last year, the company earned $0.65 earnings per share. The business's revenue was up 16.4% compared to the same quarter last year. On average, analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, July 7th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.20%. Cousins Properties's payout ratio is presently 387.88%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CUZ shares. Wall Street Zen raised Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Jefferies Financial Group started coverage on Cousins Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $35.00 target price for the company. Wells Fargo & Company decreased their target price on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Evercore ISI lifted their price objective on Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a research report on Monday, May 19th. Finally, Truist Financial reduced their price objective on 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 equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $32.20.

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.

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