Cousins Properties Incorporated (NYSE:CUZ) Shares Purchased by Jupiter Asset Management Ltd.

Key Points

• Jupiter Asset Management Ltd. significantly increased its stake in Cousins Properties by 419.2%, acquiring an additional 582,429 shares in the first quarter, totaling 721,353 shares valued at approximately $21.28 million.
• The stock has received mixed ratings from analysts, with one analyst rating it as a sell and six rating it as a buy, resulting in a consensus rating of "Hold" and an average target price of $32.50.
• Cousins Properties declared a quarterly dividend of $0.32, yielding 4.8%, with a dividend payout ratio of 345.95%.

Jupiter Asset Management Ltd. boosted its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 419.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 721,353 shares of the real estate investment trust's stock after purchasing an additional 582,429 shares during the period. Jupiter Asset Management Ltd. owned approximately 0.43% of Cousins Properties worth $21,280,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CUZ. American Century Companies Inc. purchased a new stake in Cousins Properties during the 4th quarter worth approximately $781,000. LPL Financial LLC increased its stake in Cousins Properties by 53.2% during the 4th quarter. LPL Financial LLC now owns 23,149 shares of the real estate investment trust's stock worth $709,000 after buying an additional 8,035 shares during the period. Pictet Asset Management Holding SA increased its stake in Cousins Properties by 7.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 52,701 shares of the real estate investment trust's stock worth $1,615,000 after buying an additional 3,488 shares during the period. Orion Portfolio Solutions LLC increased its stake in Cousins Properties by 24.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 41,416 shares of the real estate investment trust's stock worth $1,269,000 after buying an additional 8,141 shares during the period. Finally, CIBC Private Wealth Group LLC increased its stake in 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 worth $127,000 after buying an additional 3,551 shares during the period. 94.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. 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 note on Monday, May 19th. Mizuho increased their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Wells Fargo & Company dropped their price objective on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Truist Financial downgraded shares of Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a research report on Wednesday, July 2nd. Finally, Wall Street Zen downgraded shares of Cousins Properties from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $32.50.

Cousins Properties Stock Up 0.3%

Shares of Cousins Properties stock traded up $0.09 during trading hours on Thursday, hitting $27.05. The company had a trading volume of 124,703 shares, compared to its average volume of 1,492,696. The company's 50-day moving average is $28.96 and its two-hundred day moving average is $28.81. Cousins Properties Incorporated has a twelve month low of $24.07 and a twelve month high of $32.55. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.45 and a quick ratio of 2.45. The company has a market cap of $4.54 billion, a P/E ratio of 73.12, a price-to-earnings-growth ratio of 1.75 and a beta of 1.33.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.70. The business had revenue of $237.72 million during the quarter, compared to analysts' expectations of $243.73 million. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The company's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 EPS. Analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Monday, July 7th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, July 7th. This represents a $1.28 dividend on an annualized basis and a yield of 4.7%. Cousins Properties's dividend payout ratio is currently 345.95%.

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.