Vert Asset Management LLC Buys New Shares 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 disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,664 shares of the real estate investment trust's stock, valued at approximately $2,026,000. Cousins Properties comprises 0.7% of Vert Asset Management LLC's investment portfolio, making the stock its 28th largest holding.

A number of other large investors also recently bought and sold shares of the stock. Arizona State Retirement System increased its holdings in shares of 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 worth $1,353,000 after buying an additional 366 shares during the last quarter. Quarry LP grew 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 acquiring an additional 375 shares during the period. Norinchukin Bank The increased its stake in Cousins Properties by 7.5% during the fourth quarter. Norinchukin Bank The now owns 7,393 shares of the real estate investment trust's stock worth $227,000 after acquiring an additional 513 shares during the last quarter. Deutsche Bank AG increased its stake in Cousins Properties by 0.5% during the fourth quarter. Deutsche Bank AG now owns 110,867 shares of the real estate investment trust's stock worth $3,397,000 after acquiring an additional 521 shares during the last quarter. Finally, FIL Ltd raised its holdings in shares of Cousins Properties by 24.6% in the 4th quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust's stock worth $100,000 after purchasing an additional 643 shares during the period. Hedge funds and other institutional investors own 94.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CUZ shares. Evercore ISI boosted their target price on Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a report on Monday, May 19th. Truist Financial decreased their price objective on shares of Cousins Properties from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday, May 22nd. Wall Street Zen raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Robert W. Baird reduced their target price on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Finally, Wells Fargo & Company decreased their price target on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a research report on Monday, May 19th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $32.20.

Cousins Properties Stock Performance

Cousins Properties stock opened at $29.43 on Monday. Cousins Properties Incorporated has a 12-month low of $22.16 and a 12-month high of $32.55. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 98.08, a price-to-earnings-growth ratio of 2.98 and a beta of 1.32. The firm's fifty day moving average price is $27.47 and its 200 day moving average price is $29.24.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced 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 business had revenue of $6.81 million for the quarter, compared to analyst estimates of $238.49 million. During the same period in the previous year, the company earned $0.65 earnings per share. The company's revenue for the quarter was up 16.4% compared to the same quarter last year. On average, research analysts forecast that Cousins Properties Incorporated will post 2.76 EPS 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. The ex-dividend date was Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.35%. Cousins Properties's dividend payout ratio (DPR) is 387.88%.

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.

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