Keeler Thomas Management LLC Lowers Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Key Points

• Keeler Thomas Management LLC reduced its stake in Cousins Properties by 37.0%, selling 35,946 shares and holding 61,255 shares valued at $1,807,000 as of their latest SEC filing.
• Cousins Properties reported quarterly earnings with an EPS of $0.70 and revenue of $237.72 million, slightly below consensus estimates, reflecting a 12.7% increase in revenue year-over-year.
• Analyst ratings for Cousins Properties show mixed opinions, with one firm downgrading to a "sell" and others maintaining a "hold" or "buy" rating, including consensus price targets ranging around $32.50.

Keeler Thomas Management LLC trimmed its stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 37.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 61,255 shares of the real estate investment trust's stock after selling 35,946 shares during the period. Keeler Thomas Management LLC's holdings in Cousins Properties were worth $1,807,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Spire Wealth Management purchased a new stake in Cousins Properties during the first quarter valued at about $25,000. N.E.W. Advisory Services LLC purchased a new stake in Cousins Properties in the first quarter worth $36,000. Manchester Capital Management LLC lifted its position in Cousins Properties by 579.7% during the first quarter. Manchester Capital Management LLC now owns 2,712 shares of the real estate investment trust's stock valued at $80,000 after buying an additional 2,313 shares during the period. GF Fund Management CO. LTD. purchased a new position in Cousins Properties during the fourth quarter valued at $85,000. Finally, FIL Ltd lifted its position in Cousins Properties by 24.6% during the fourth quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust's stock valued at $100,000 after buying an additional 643 shares during the period. 94.38% of the stock is owned by hedge funds and other institutional investors.

Cousins Properties Stock Performance

Shares of NYSE:CUZ traded down $0.30 during mid-day trading on Friday, reaching $26.74. 2,258,500 shares of the company traded hands, compared to its average volume of 1,670,479. The company's 50 day moving average price is $28.90 and its 200-day moving average price is $28.76. The firm has a market cap of $4.49 billion, a PE ratio of 72.26, a PEG ratio of 1.78 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.45 and a quick ratio of 2.45. Cousins Properties Incorporated has a 52 week low of $24.07 and a 52 week high of $32.55.

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

Cousins Properties Dividend Announcement

The business also recently disclosed 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 dividend yield of 4.8%. Cousins Properties's payout ratio is 345.95%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Mizuho lifted their price target on Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Evercore ISI lifted their price objective on Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. Wells Fargo & Company reduced their price objective on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Monday, May 19th. Truist Financial downgraded Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 price objective for the company. in a report on Wednesday, July 2nd. Finally, Wall Street Zen downgraded Cousins Properties from a "hold" rating to a "sell" rating in a research note 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 company. Based on data from MarketBeat, Cousins Properties currently has a consensus rating of "Hold" and an average price target of $32.50.

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.