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

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

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CUZ. Spire Wealth Management purchased a new stake in Cousins Properties during the first quarter worth $25,000. GF Fund Management CO. LTD. purchased a new stake in Cousins Properties during the fourth quarter worth $85,000. FIL Ltd boosted its holdings 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 worth $100,000 after buying an additional 643 shares in the last quarter. Signaturefd LLC boosted its holdings in Cousins Properties by 16.5% during the first quarter. Signaturefd LLC now owns 3,374 shares of the real estate investment trust's stock worth $100,000 after buying an additional 477 shares in the last quarter. Finally, CIBC Private Wealth Group LLC boosted its holdings in Cousins Properties by 473.5% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Cousins Properties Price Performance

CUZ stock traded up $0.01 during mid-day trading on Friday, reaching $27.76. The company's stock had a trading volume of 1,389,763 shares, compared to its average volume of 1,532,864. The stock has a market cap of $4.66 billion, a PE ratio of 84.11, a P/E/G ratio of 2.59 and a beta of 1.33. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62. Cousins Properties Incorporated has a fifty-two week low of $24.07 and a fifty-two week high of $32.55. The company's 50 day moving average is $29.01 and its two-hundred day moving average is $28.96.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.71 by $0.03. Cousins Properties had a net margin of 5.97% and a return on equity of 1.15%. The company had revenue of $6.81 million during the quarter, compared to the consensus estimate of $238.49 million. During the same quarter in the prior year, the firm earned $0.65 EPS. Cousins Properties's quarterly revenue was up 16.4% on a year-over-year basis. Equities research analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders 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 yield of 4.61%. The ex-dividend date was Monday, July 7th. Cousins Properties's dividend payout ratio (DPR) is presently 387.88%.

Analyst Ratings Changes

A number of analysts recently issued reports on CUZ shares. Evercore ISI increased their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a 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 report on Wednesday, July 2nd. Wall Street Zen raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Wells Fargo & Company decreased their price objective on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Finally, Wolfe Research raised shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a report on Monday, April 7th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.50.

About Cousins Properties

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.