Woodline Partners LP Takes Position in Cousins Properties Incorporated (NYSE:CUZ)

Woodline Partners LP acquired a new stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 617,526 shares of the real estate investment trust's stock, valued at approximately $18,921,000. Woodline Partners LP owned about 0.39% of Cousins Properties as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake 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 valued at $28,000 after purchasing an additional 869 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 395 shares during the period. FIL Ltd lifted its position 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 acquiring an additional 643 shares during the period. CIBC Private Wealth Group LLC lifted its position 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 acquiring an additional 3,551 shares during the period. Finally, Quarry LP lifted its position 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 acquiring an additional 375 shares during the period. 94.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CUZ has been the topic of a number of research reports. StockNews.com upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Wells Fargo & Company dropped their target price on shares of Cousins Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday. Evercore ISI boosted their target price on shares of Cousins Properties from $30.00 to $31.00 and gave the company an "in-line" rating in a research report on Monday. Robert W. Baird dropped their target price on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Finally, Jefferies Financial Group initiated 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 on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Cousins Properties has an average rating of "Moderate Buy" and an average price target of $32.60.

Cousins Properties Stock Performance

CUZ opened at $26.94 on Thursday. 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's fifty day moving average price is $27.87 and its two-hundred day moving average price is $29.52. Cousins Properties Incorporated has a 1-year low of $22.01 and a 1-year high of $32.55. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 89.81, a PEG ratio of 2.98 and a beta of 1.34.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. The firm had revenue of $6.81 million for the quarter, compared to the consensus estimate of $238.49 million. During the same quarter in the prior year, the company posted $0.65 earnings per share. The business's revenue was up 16.4% on a year-over-year basis. On average, analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd were issued a $0.32 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.75%. Cousins Properties's dividend payout ratio is currently 387.88%.

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.

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