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

A number of other hedge funds also recently modified their holdings of CUZ. Spire Wealth Management bought a new stake in shares of Cousins Properties during the 1st quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in Cousins Properties during the 1st quarter worth approximately $36,000. Manchester Capital Management LLC grew its holdings in Cousins Properties by 579.7% during the 1st quarter. Manchester Capital Management LLC now owns 2,712 shares of the real estate investment trust's stock worth $80,000 after acquiring an additional 2,313 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Cousins Properties during the fourth quarter worth $85,000. Finally, FIL Ltd increased its position in shares of Cousins Properties by 24.6% during 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. Institutional investors and hedge funds own 94.38% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Cousins Properties from a "hold" rating to a "sell" rating in a research note on Saturday, August 2nd. Truist Financial lowered shares of Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 price target on the stock. in a research report on Wednesday, July 2nd. Mizuho raised their price target 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 lowered 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. Finally, Evercore ISI lifted their price objective 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $32.50.

Cousins Properties Price Performance

NYSE:CUZ remained flat at $26.70 during mid-day trading on Monday. 182,816 shares of the company traded hands, compared to its average volume of 1,502,024. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.45 and a current ratio of 2.45. Cousins Properties Incorporated has a 12 month low of $24.07 and a 12 month high of $32.55. The company has a market cap of $4.48 billion, a P/E ratio of 72.23, a PEG ratio of 1.75 and a beta of 1.33. The firm's 50-day moving average is $28.90 and its 200-day moving average is $28.73.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 EPS for the quarter, hitting analysts' consensus estimates of $0.70. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The business had revenue of $237.72 million during the quarter, compared to analysts' expectations of $243.73 million. During the same quarter in the previous year, the company earned $0.68 EPS. The business's quarterly revenue was up 12.7% compared to the same quarter last year. 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 was paid on Thursday, July 17th. Stockholders of record on Monday, July 7th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Monday, July 7th. Cousins Properties's payout ratio is presently 345.95%.

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.