Versant Capital Management Inc Buys 9,225 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Versant Capital Management Inc grew its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 470.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,187 shares of the real estate investment trust's stock after acquiring an additional 9,225 shares during the quarter. Versant Capital Management Inc's holdings in Cousins Properties were worth $330,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Resolution Capital Ltd acquired a new position in shares of Cousins Properties in the fourth quarter valued at approximately $135,094,000. GRS Advisors LLC acquired a new stake in Cousins Properties during the 4th quarter valued at approximately $63,759,000. Norges Bank acquired a new stake in Cousins Properties during the 4th quarter valued at approximately $57,194,000. Rush Island Management LP increased its position 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 during the period. Finally, Principal Financial Group Inc. increased its position in 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 period. Institutional investors and hedge funds own 94.38% of the company's stock.

Cousins Properties Stock Down 0.6%

Shares of CUZ traded down $0.18 during trading hours on Wednesday, reaching $28.49. The stock had a trading volume of 470,335 shares, compared to its average volume of 1,294,070. Cousins Properties Incorporated has a 12 month low of $22.16 and a 12 month high of $32.55. The firm has a 50-day simple moving average of $27.50 and a 200 day simple moving average of $29.30. 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 market capitalization of $4.78 billion, a price-to-earnings ratio of 94.97, a P/E/G ratio of 2.98 and a beta of 1.34.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its 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 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 analysts' expectations of $238.49 million. During the same period last year, the business earned $0.65 EPS. Cousins Properties's quarterly revenue was up 16.4% compared to the same quarter last year. Equities research analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.49%. The ex-dividend date was Thursday, April 3rd. Cousins Properties's dividend payout ratio (DPR) is presently 387.88%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CUZ. Jefferies Financial Group began coverage on shares of Cousins Properties in a research report on Monday, March 17th. They set a "buy" rating and a $35.00 target price for the company. Robert W. Baird decreased their target price on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research report on Monday, February 24th. Truist Financial cut their price target on Cousins Properties from $31.00 to $29.00 and set a "buy" rating on the stock in a report on Thursday, May 22nd. Evercore ISI increased their price target on Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. Finally, Wall Street Zen upgraded Cousins Properties from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.