Oak Thistle LLC Grows Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Oak Thistle LLC lifted its stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 97.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,752 shares of the real estate investment trust's stock after acquiring an additional 30,481 shares during the period. Oak Thistle LLC's holdings in Cousins Properties were worth $1,822,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS increased its position in Cousins Properties by 17.9% during the 1st quarter. KLP Kapitalforvaltning AS now owns 35,584 shares of the real estate investment trust's stock valued at $1,050,000 after buying an additional 5,400 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Cousins Properties by 0.5% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 375,853 shares of the real estate investment trust's stock worth $11,088,000 after buying an additional 1,968 shares during the last quarter. Choreo LLC boosted its stake in shares of Cousins Properties by 25.6% in the first quarter. Choreo LLC now owns 27,837 shares of the real estate investment trust's stock worth $821,000 after buying an additional 5,681 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Cousins Properties by 77.7% in the first quarter. Allianz Asset Management GmbH now owns 98,214 shares of the real estate investment trust's stock worth $2,897,000 after buying an additional 42,932 shares during the last quarter. Finally, Foundry Partners LLC boosted its stake in shares of Cousins Properties by 1.4% in the first quarter. Foundry Partners LLC now owns 379,264 shares of the real estate investment trust's stock worth $11,188,000 after buying an additional 5,125 shares during the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on CUZ. Wolfe Research upgraded Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Monday, April 7th. Mizuho increased 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. 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 Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a research report on Monday, May 19th. Finally, Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $32.50.

Cousins Properties Trading Up 0.0%

CUZ stock traded up $0.01 during midday trading on Friday, hitting $27.76. 1,389,761 shares of the company's stock were exchanged, compared to its average volume of 1,470,461. The business has a 50-day simple moving average of $29.03 and a two-hundred day simple moving average of $28.97. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $4.66 billion, a PE ratio of 84.11, a P/E/G ratio of 2.65 and a beta of 1.33. Cousins Properties Incorporated has a 1-year low of $24.07 and a 1-year high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.03. Cousins Properties had a return on equity of 1.15% and a net margin of 5.97%. The company had revenue of $6.81 million during the quarter, compared to analysts' expectations of $238.49 million. During the same quarter last year, the firm earned $0.65 earnings per share. The firm's quarterly revenue was up 16.4% compared to the same quarter last year. On average, sell-side analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Monday, July 7th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $1.28 annualized dividend and a dividend yield of 4.61%. Cousins Properties's dividend payout ratio is currently 387.88%.

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.