Cousins Properties Incorporated (NYSE:CUZ) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 11.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,238,792 shares of the real estate investment trust's stock after purchasing an additional 125,389 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.78% of Cousins Properties worth $37,957,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Arizona State Retirement System boosted its holdings in 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 valued at $1,353,000 after acquiring an additional 366 shares during the period. Quarry LP grew its holdings in shares of Cousins Properties by 9.4% in the fourth quarter. Quarry LP now owns 4,351 shares of the real estate investment trust's stock valued at $133,000 after purchasing an additional 375 shares in the last quarter. UMB Bank n.a. increased its stake in Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock worth $30,000 after buying an additional 395 shares during the period. Pacer Advisors Inc. increased its stake in Cousins Properties by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust's stock worth $695,000 after buying an additional 485 shares during the period. Finally, Norinchukin Bank The lifted its holdings in 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 buying an additional 513 shares in the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Cousins Properties Trading Down 0.0%

Shares of NYSE CUZ traded down $0.01 on Wednesday, reaching $27.84. 1,856,583 shares of the company traded hands, compared to its average volume of 1,285,522. The stock has a market capitalization of $4.67 billion, a PE ratio of 92.80, a P/E/G ratio of 2.98 and a beta of 1.34. Cousins Properties Incorporated has a fifty-two week low of $22.01 and a fifty-two week high of $32.55. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average of $27.64 and a 200 day moving average of $29.39.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, topping the consensus estimate of $0.71 by $0.03. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. The firm had revenue of $6.81 million during the quarter, compared to analyst estimates of $238.49 million. During the same quarter in the prior year, the business posted $0.65 earnings per share. Cousins Properties's revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities research analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were issued a $0.32 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.60%. Cousins Properties's dividend payout ratio is currently 387.88%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Evercore ISI raised their target price on shares of Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a report on Monday, May 19th. Barclays reduced their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Wolfe Research upgraded shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a research note on Monday, April 7th. Wells Fargo & Company cut their price target on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note 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 target for the company. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Cousins Properties currently has a consensus rating of "Moderate Buy" and an average price target of $32.20.

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.