GAMMA Investing LLC Acquires 30,608 Shares of Cousins Properties Incorporated (NYSE:CUZ)

GAMMA Investing LLC increased its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 4,075.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 31,359 shares of the real estate investment trust's stock after acquiring an additional 30,608 shares during the period. GAMMA Investing LLC's holdings in Cousins Properties were worth $925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp raised its position in shares of 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 buying an additional 869 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Cousins Properties in the 4th quarter valued at about $85,000. FIL Ltd boosted its position 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 valued at $100,000 after acquiring an additional 643 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Cousins Properties by 473.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust's stock valued at $127,000 after acquiring an additional 3,551 shares during the last quarter. Finally, Quarry LP grew its holdings in shares of Cousins Properties by 9.4% during the fourth quarter. Quarry LP now owns 4,351 shares of the real estate investment trust's stock worth $133,000 after purchasing an additional 375 shares in the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Cousins Properties Trading Down 0.1%

Shares of NYSE CUZ traded down $0.02 during trading hours on Friday, hitting $30.51. The company's stock had a trading volume of 801,679 shares, compared to its average volume of 1,316,718. Cousins Properties Incorporated has a 12 month low of $22.16 and a 12 month high of $32.55. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 92.58, a P/E/G ratio of 2.85 and a beta of 1.32. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.89 and a current ratio of 0.89. The business has a 50-day simple moving average of $28.14 and a 200-day simple moving average of $29.18.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 1.15% and a net margin of 5.97%. The firm's revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 earnings per share. 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 company also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, July 7th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.20%. Cousins Properties's dividend payout ratio (DPR) is 387.88%.

Analyst Ratings Changes

A number of brokerages recently weighed in on CUZ. Wells Fargo & Company lowered their target price on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Jefferies Financial Group started coverage on shares of Cousins Properties in a report on Monday, March 17th. They set a "buy" rating and a $35.00 price objective for the company. Evercore ISI upped their target price on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Robert W. Baird dropped their price target on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Finally, Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Four 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, the stock currently has an average rating of "Moderate Buy" and an average price target 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.