SG Americas Securities LLC Takes $1.07 Million Position in Cousins Properties Incorporated (NYSE:CUZ)

SG Americas Securities LLC bought a new stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 36,329 shares of the real estate investment trust's stock, valued at approximately $1,072,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Arizona State Retirement System increased its position in shares of Cousins Properties by 0.8% during the 4th quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust's stock worth $1,353,000 after purchasing an additional 366 shares during the last quarter. Quarry LP increased its position in shares of Cousins Properties by 9.4% during the 4th quarter. Quarry LP now owns 4,351 shares of the real estate investment trust's stock worth $133,000 after purchasing an additional 375 shares during the last quarter. Norinchukin Bank The increased its position in shares of Cousins Properties by 7.5% during the 4th quarter. Norinchukin Bank The now owns 7,393 shares of the real estate investment trust's stock worth $227,000 after purchasing an additional 513 shares during the last quarter. Deutsche Bank AG increased its position in shares of Cousins Properties by 0.5% during the 4th quarter. Deutsche Bank AG now owns 110,867 shares of the real estate investment trust's stock worth $3,397,000 after purchasing an additional 521 shares during the last quarter. Finally, FIL Ltd increased its position in shares of 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. Institutional investors and hedge funds own 94.38% of the company's stock.

Analyst Upgrades and Downgrades

CUZ has been the topic of a number of recent analyst reports. Robert W. Baird decreased their target price on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Wolfe Research raised Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a report on Monday, April 7th. Truist Financial decreased their target price on Cousins Properties from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Evercore ISI boosted their target price on Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. Finally, Wells Fargo & Company decreased their target price on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $32.20.

Cousins Properties Stock Performance

CUZ traded down $0.04 during trading on Friday, hitting $30.49. The stock had a trading volume of 2,096,348 shares, compared to its average volume of 1,323,014. The company has a 50 day moving average price of $28.23 and a 200-day moving average price of $29.17. The firm has a market cap of $5.12 billion, a price-to-earnings ratio of 92.39, a P/E/G ratio of 2.84 and a beta of 1.32. Cousins Properties Incorporated has a one year low of $22.16 and a one year high of $32.55. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.89 and a quick ratio of 0.89.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $6.81 million during 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 firm's quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 EPS. As a group, research analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Monday, July 7th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $1.28 annualized dividend and a yield of 4.20%. Cousins Properties's dividend payout ratio (DPR) is presently 387.88%.

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.