Two Sigma Advisers LP Lowers Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Two Sigma Advisers LP lowered its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 46.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 245,079 shares of the real estate investment trust's stock after selling 210,500 shares during the quarter. Two Sigma Advisers LP owned 0.15% of Cousins Properties worth $7,509,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CUZ. Resolution Capital Ltd bought a new position in shares of Cousins Properties during the 4th quarter valued at approximately $135,094,000. GRS Advisors LLC bought a new position in shares of Cousins Properties during the 4th quarter valued at approximately $63,759,000. Norges Bank bought a new position in shares of Cousins Properties during the 4th quarter valued at approximately $57,194,000. Rush Island Management LP increased its position in shares of Cousins Properties by 91.4% during the 4th quarter. Rush Island Management LP now owns 3,011,843 shares of the real estate investment trust's stock valued at $92,283,000 after purchasing an additional 1,438,127 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Cousins Properties by 11.1% during the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust's stock valued at $413,375,000 after purchasing an additional 1,350,352 shares during the last quarter. Institutional investors own 94.38% of the company's stock.

Wall Street Analysts Forecast Growth

CUZ has been the topic of several analyst reports. Truist Financial cut their target price on Cousins Properties from $31.00 to $29.00 and set a "buy" rating on the stock in a research report on Thursday, May 22nd. Evercore ISI boosted 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. Jefferies Financial Group started coverage on Cousins Properties in a research report on Monday, March 17th. They set a "buy" rating and a $35.00 target price on the stock. Wall Street Zen raised Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Finally, Wolfe Research raised Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a research report on Monday, April 7th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Cousins Properties currently has an average rating of "Moderate Buy" and an average price target of $32.20.

Cousins Properties Trading Up 0.9%

Cousins Properties stock traded up $0.25 during mid-day trading on Thursday, hitting $28.08. The company's stock had a trading volume of 284,923 shares, compared to its average volume of 1,282,163. The company has a 50 day moving average of $27.64 and a 200-day moving average of $29.39. The stock has a market cap of $4.71 billion, a PE ratio of 93.53, a P/E/G ratio of 2.98 and a beta of 1.34. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. Cousins Properties Incorporated has a one year low of $22.01 and a one year high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, beating the consensus estimate of $0.71 by $0.03. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. The company had revenue of $6.81 million for the quarter, compared to the consensus estimate of $238.49 million. During the same quarter in the prior year, the company posted $0.65 EPS. Cousins Properties's quarterly revenue was up 16.4% on a year-over-year basis. On average, research analysts anticipate 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 Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.56%. The ex-dividend date was Thursday, April 3rd. Cousins Properties's dividend payout ratio is 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.