Vert Asset Management LLC Takes $2.03 Million Position in Cousins Properties Incorporated (NYSE:CUZ)

Vert Asset Management LLC purchased a new position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 68,664 shares of the real estate investment trust's stock, valued at approximately $2,026,000. Cousins Properties makes up approximately 0.7% of Vert Asset Management LLC's portfolio, making the stock its 28th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in CUZ. Jones Financial Companies Lllp lifted its position in shares of Cousins Properties by 1,609.3% in the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 869 shares during the period. GF Fund Management CO. LTD. bought a new stake in shares of Cousins Properties in the fourth quarter valued at about $85,000. FIL Ltd increased its position in shares of Cousins Properties by 24.6% in the fourth quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust's stock valued at $100,000 after acquiring an additional 643 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Cousins Properties by 473.5% during the fourth quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust's stock worth $127,000 after buying an additional 3,551 shares during the last quarter. Finally, Quarry LP grew its position 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 during the last quarter. Institutional investors own 94.38% of the company's stock.

Cousins Properties Price Performance

Shares of NYSE:CUZ traded up $0.14 on Thursday, reaching $30.39. The company's stock had a trading volume of 1,272,768 shares, compared to its average volume of 1,314,370. Cousins Properties Incorporated has a 52-week low of $22.16 and a 52-week high of $32.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. The company has a 50-day simple moving average of $27.62 and a 200 day simple moving average of $29.24. The company has a market cap of $5.10 billion, a P/E ratio of 101.30, a PEG ratio of 2.98 and a beta of 1.32.

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

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.21%. Cousins Properties's payout ratio is currently 387.88%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CUZ. Wolfe Research upgraded 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. Truist Financial cut 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 raised their price target on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a research note on Monday, May 19th. Wall Street Zen upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Robert W. Baird reduced their price target 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. Four 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.20.

About Cousins Properties

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.