Universal Beteiligungs und Servicegesellschaft mbH Makes New $11.46 Million Investment in Cousins Properties Incorporated (NYSE:CUZ)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 373,885 shares of the real estate investment trust's stock, valued at approximately $11,456,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.22% of Cousins Properties as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CUZ. Arizona State Retirement System boosted its holdings in Cousins Properties by 0.8% in 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 purchasing an additional 366 shares during the period. Quarry LP lifted its position in Cousins Properties by 9.4% during 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 during the last quarter. Pacer Advisors Inc. lifted its position in Cousins Properties by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust's stock valued at $695,000 after purchasing an additional 485 shares during the last quarter. Norinchukin Bank The grew its stake in Cousins Properties by 7.5% in 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. Finally, Deutsche Bank AG increased its holdings in shares of Cousins Properties by 0.5% in the 4th quarter. Deutsche Bank AG now owns 110,867 shares of the real estate investment trust's stock worth $3,397,000 after buying an additional 521 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors.

Cousins Properties Trading Down 0.3%

Shares of Cousins Properties stock traded down $0.09 on Wednesday, hitting $28.58. The stock had a trading volume of 1,562,876 shares, compared to its average volume of 1,300,279. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. Cousins Properties Incorporated has a one year low of $22.16 and a one year high of $32.55. The stock's 50-day simple moving average is $27.48 and its two-hundred day simple moving average is $29.29. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 95.27, a PEG ratio of 2.98 and a beta of 1.34.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $6.81 million for the quarter, compared to analyst estimates of $238.49 million. During the same quarter last year, the firm earned $0.65 EPS. The company's revenue was up 16.4% on a year-over-year basis. As a group, sell-side analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The firm 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. This represents a $1.28 annualized dividend and a yield of 4.48%. The ex-dividend date was Thursday, April 3rd. Cousins Properties's dividend payout ratio (DPR) is currently 387.88%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. 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 for the company. Wells Fargo & Company reduced their price objective on Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, May 19th. Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Robert W. Baird reduced their price target on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Finally, Truist Financial decreased their price target on shares of Cousins Properties from $31.00 to $29.00 and set a "buy" rating on the stock in a research note on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Cousins Properties has an average 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.