Vanderbilt University Trims Stake in Cousins Properties Incorporated (NYSE:CUZ)

Vanderbilt University lessened its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 35.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,115 shares of the real estate investment trust's stock after selling 9,019 shares during the period. Vanderbilt University's holdings in Cousins Properties were worth $475,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jones Financial Companies Lllp boosted its holdings in shares of Cousins Properties by 1,609.3% during the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 869 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Cousins Properties during the 4th quarter valued at about $85,000. FIL Ltd boosted its holdings 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 valued at $100,000 after purchasing an additional 643 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of Cousins Properties by 473.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust's stock valued at $127,000 after purchasing an additional 3,551 shares during the last quarter. Finally, Quarry LP boosted its holdings 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 valued at $133,000 after purchasing an additional 375 shares during the last quarter. Institutional investors own 94.38% of the company's stock.

Cousins Properties Trading Down 0.2%

Shares of NYSE:CUZ traded down $0.05 during trading on Monday, reaching $30.44. The company's stock had a trading volume of 1,329,563 shares, compared to its average volume of 1,323,040. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.62. Cousins Properties Incorporated has a 12 month low of $22.16 and a 12 month high of $32.55. The stock has a market capitalization of $5.11 billion, a PE ratio of 92.24, a price-to-earnings-growth ratio of 2.84 and a beta of 1.32. The firm's 50 day simple moving average is $28.31 and its two-hundred day simple moving average is $29.15.

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 for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. Cousins Properties had a net margin of 5.97% and a return on equity of 1.15%. The company had revenue of $6.81 million for the quarter, compared to analyst estimates of $238.49 million. During the same period in the prior year, the company posted $0.65 EPS. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. On average, research analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

CUZ has been the subject of several research reports. Truist Financial dropped their price objective on shares of Cousins Properties from $31.00 to $29.00 and set a "buy" rating for the company in a report on Thursday, May 22nd. Wall Street Zen raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Robert W. Baird lowered their price target on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Evercore ISI increased their price target 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. Finally, Jefferies Financial Group assumed coverage on shares of Cousins Properties in a report on Monday, March 17th. They issued a "buy" rating and a $35.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price 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.