LSV Asset Management Boosts Stake in Cousins Properties Incorporated (NYSE:CUZ)

Key Points

• LSV Asset Management increased its stake in Cousins Properties by 7.6%, now owning approximately 1.17 million shares valued at $34.5 million, indicating growing institutional interest in the real estate investment trust.
• Wall Street analysts have mixed views, with price targets ranging from $30.00 to $34.00, and a consensus rating of "Hold," reflecting uncertainty about the company's future performance.
• Cousins Properties recently announced a quarterly dividend of $0.32, resulting in an annualized dividend yield of 4.8%, despite a high payout ratio of 345.95%.

LSV Asset Management increased its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 7.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,168,004 shares of the real estate investment trust's stock after buying an additional 82,700 shares during the period. LSV Asset Management owned 0.70% of Cousins Properties worth $34,456,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Spire Wealth Management bought a new stake in Cousins Properties in the 1st quarter valued at $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of Cousins Properties during the first quarter worth approximately $36,000. GF Fund Management CO. LTD. bought a new position in Cousins Properties in the 4th quarter valued at $85,000. FIL Ltd raised its holdings in Cousins Properties by 24.6% during the 4th quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust's stock worth $100,000 after purchasing an additional 643 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in Cousins Properties by 16.5% in the first quarter. Signaturefd LLC now owns 3,374 shares of the real estate investment trust's stock valued at $100,000 after buying an additional 477 shares during the period. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Stock Performance

Shares of CUZ traded up $0.04 during trading hours on Thursday, hitting $27.00. The company's stock had a trading volume of 1,488,371 shares, compared to its average volume of 1,501,159. The business has a 50 day simple moving average of $28.96 and a two-hundred day simple moving average of $28.81. 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. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 72.96, a PEG ratio of 1.75 and a beta of 1.33.

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, meeting analysts' consensus estimates of $0.70. Cousins Properties had a net margin of 6.51% and a return on equity of 1.27%. The firm had revenue of $237.72 million during the quarter, compared to analyst estimates of $243.73 million. During the same period in the previous year, the business earned $0.68 EPS. The business's revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Mizuho increased their target price on Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Truist Financial cut Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a research note on Wednesday, July 2nd. Wells Fargo & Company lowered their price target on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Evercore ISI raised 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. Finally, Wall Street Zen lowered Cousins Properties from a "hold" rating to a "sell" rating in a report on Saturday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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.