Palisade Capital Management LP Decreases Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Palisade Capital Management LP lessened its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,019,898 shares of the real estate investment trust's stock after selling 9,420 shares during the period. Palisade Capital Management LP owned approximately 0.61% of Cousins Properties worth $30,087,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CUZ. Charles Schwab Investment Management Inc. raised its stake in Cousins Properties by 7.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,677,769 shares of the real estate investment trust's stock valued at $82,047,000 after buying an additional 189,411 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Cousins Properties by 7.9% during the first quarter. QRG Capital Management Inc. now owns 21,467 shares of the real estate investment trust's stock valued at $633,000 after acquiring an additional 1,570 shares in the last quarter. Yousif Capital Management LLC increased its holdings in shares of Cousins Properties by 1.2% during the first quarter. Yousif Capital Management LLC now owns 57,490 shares of the real estate investment trust's stock valued at $1,696,000 after acquiring an additional 666 shares in the last quarter. Vert Asset Management LLC purchased a new position in shares of Cousins Properties in the 1st quarter valued at approximately $2,026,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Cousins Properties by 11.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,238,792 shares of the real estate investment trust's stock worth $37,957,000 after purchasing an additional 125,389 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Cousins Properties Stock Performance

CUZ traded up $0.56 during midday trading on Friday, hitting $30.15. 1,389,308 shares of the company were exchanged, compared to its average volume of 1,342,856. The company's 50 day simple moving average is $28.79 and its 200 day simple moving average is $29.14. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 91.36, a price-to-earnings-growth ratio of 2.76 and a beta of 1.33. Cousins Properties Incorporated has a 1-year low of $22.33 and a 1-year high of $32.55. 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 (NYSE:CUZ - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The firm had revenue of $6.81 million for the quarter, compared to the consensus estimate of $238.49 million. Cousins Properties had a return on equity of 1.15% and a net margin of 5.97%. The company's revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. As a group, sell-side analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Monday, July 7th will be paid a dividend of $0.32 per share. The ex-dividend date is Monday, July 7th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.25%. Cousins Properties's payout ratio is 387.88%.

Analysts Set New Price Targets

CUZ has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Monday, May 19th. Jefferies Financial Group initiated coverage on shares of Cousins Properties in a report on Monday, March 17th. They set a "buy" rating and a $35.00 price objective on the stock. Truist Financial lowered Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a research note on Wednesday. Wolfe Research raised Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price target for the company in a research report on Monday, April 7th. Finally, Evercore ISI boosted their price target on Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a research note on Monday, May 19th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $32.40.

Cousins Properties Company 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.