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

Two Sigma Investments LP lessened its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 68.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 162,514 shares of the real estate investment trust's stock after selling 349,027 shares during the period. Two Sigma Investments LP owned approximately 0.10% of Cousins Properties worth $4,979,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Resolution Capital Ltd bought a new position in shares of Cousins Properties during the fourth quarter valued at $135,094,000. GRS Advisors LLC purchased a new stake in Cousins Properties during the 4th quarter valued at about $63,759,000. Norges Bank bought a new stake in Cousins Properties during the 4th quarter valued at about $57,194,000. Rush Island Management LP increased its stake in 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 in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in Cousins Properties by 11.1% in the fourth quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust's stock worth $413,375,000 after buying an additional 1,350,352 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company's stock.

Cousins Properties Stock Performance

NYSE:CUZ traded down $0.28 on Friday, hitting $28.07. The stock had a trading volume of 2,128,428 shares, compared to its average volume of 1,295,651. Cousins Properties Incorporated has a 52-week low of $22.16 and a 52-week high of $32.55. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 93.57, a price-to-earnings-growth ratio of 2.98 and a beta of 1.34. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. The business's 50-day simple moving average is $27.56 and its two-hundred day simple moving average is $29.32.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. The company had revenue of $6.81 million for the quarter, compared to the consensus estimate of $238.49 million. During the same quarter last year, the firm posted $0.65 earnings per share. The firm's revenue was up 16.4% compared to the same quarter last year. As a group, research 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 announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend was Thursday, April 3rd. Cousins Properties's dividend payout ratio is currently 387.88%.

Analyst Ratings Changes

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 report on Monday, May 19th. Wolfe Research raised Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a report on Monday, April 7th. Truist Financial decreased their price target on Cousins Properties from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Evercore ISI upped their price target on Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Finally, Jefferies Financial Group began coverage on Cousins Properties in a report on Monday, March 17th. They issued a "buy" rating and a $35.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.20.

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.