Vestcor Inc bought a new stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 32,706 shares of the real estate investment trust's stock, valued at approximately $965,000.
A number of other hedge funds have also bought and sold shares of the stock. APG Asset Management US Inc. grew its stake in shares of Cousins Properties by 0.3% during the 4th quarter. APG Asset Management US Inc. now owns 7,853,306 shares of the real estate investment trust's stock worth $240,625,000 after purchasing an additional 19,657 shares during the period. Centersquare Investment Management LLC boosted its stake in shares of Cousins Properties by 11.7% in the fourth quarter. Centersquare Investment Management LLC now owns 5,600,905 shares of the real estate investment trust's stock worth $171,612,000 after acquiring an additional 585,659 shares during the last quarter. Resolution Capital Ltd acquired a new stake in shares of Cousins Properties in the fourth quarter valued at approximately $135,094,000. Geode Capital Management LLC increased its holdings in shares of Cousins Properties by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 3,072,221 shares of the real estate investment trust's stock valued at $94,160,000 after purchasing an additional 208,044 shares during the last quarter. Finally, Rush Island Management LP lifted its holdings in Cousins Properties by 91.4% in the fourth 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 acquiring an additional 1,438,127 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.
Cousins Properties Price Performance
CUZ stock traded up $0.39 during midday trading on Wednesday, hitting $27.09. 908,336 shares of the stock were exchanged, compared to its average volume of 1,496,499. The stock's 50-day moving average price is $28.97 and its 200-day moving average price is $28.82. The stock has a market cap of $4.55 billion, a price-to-earnings ratio of 73.16, a PEG ratio of 2.47 and a beta of 1.33. Cousins Properties Incorporated has a fifty-two week low of $24.07 and a fifty-two week high of $32.55. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.45 and a current ratio of 2.45.
Cousins Properties (NYSE:CUZ - Get Free Report) last announced its earnings results on Thursday, July 31st. The real estate investment trust reported $0.70 EPS for the quarter, meeting analysts' consensus estimates of $0.70. The firm had revenue of $237.72 million for the quarter, compared to analysts' expectations of $243.73 million. Cousins Properties had a return on equity of 1.27% and a net margin of 6.51%. Cousins Properties's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.68 EPS. Research analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.
Cousins Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Monday, July 7th were issued a $0.32 dividend. The ex-dividend date was Monday, July 7th. This represents a $1.28 annualized dividend and a yield of 4.7%. Cousins Properties's payout ratio is 345.95%.
Analyst Ratings Changes
Several analysts recently weighed in on the stock. Truist Financial downgraded shares of Cousins Properties from a "buy" rating to a "hold" rating and set a $31.00 target price for the company. in a report on Wednesday, July 2nd. Wall Street Zen cut shares of Cousins Properties from a "hold" rating to a "sell" rating in a report on Saturday. Mizuho raised their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Wells Fargo & Company cut their price objective on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a report on Monday, May 19th. Finally, Evercore ISI increased their price objective on Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a report on Monday, May 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $32.50.
Check Out Our Latest Research Report on Cousins Properties
Cousins Properties Company Profile
(
Free Report)
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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