Woodline Partners LP Invests $18.92 Million in Cousins Properties Incorporated (NYSE:CUZ)

Woodline Partners LP acquired a new position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System raised its stake 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 purchasing an additional 366 shares during the period. Quarry LP increased its position in shares of 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 buying an additional 375 shares during the period. UMB Bank n.a. grew its holdings in shares of Cousins Properties by 67.4% during the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 395 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Cousins Properties by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust's stock worth $695,000 after purchasing an additional 485 shares during the last quarter. Finally, Norinchukin Bank The increased its position in shares of Cousins Properties by 7.5% in the fourth quarter. Norinchukin Bank The now owns 7,393 shares of the real estate investment trust's stock worth $227,000 after purchasing an additional 513 shares during the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

Cousins Properties Price Performance

CUZ traded up $0.34 during midday trading on Tuesday, hitting $27.34. The stock had a trading volume of 669,633 shares, compared to its average volume of 1,401,665. The company has a market cap of $4.59 billion, a P/E ratio of 91.15, a price-to-earnings-growth ratio of 2.98 and a beta of 1.34. The business has a fifty day moving average of $27.71 and a 200 day moving average of $29.41. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. Cousins Properties Incorporated has a 1 year low of $22.01 and a 1 year high of $32.55.

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

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.68%. The ex-dividend date of this dividend was Thursday, April 3rd. Cousins Properties's dividend payout ratio (DPR) is 387.88%.

Analyst Ratings Changes

Several research firms recently weighed in on CUZ. Evercore ISI upped their price objective on shares of Cousins Properties from $30.00 to $31.00 and gave the stock an "in-line" rating in a research report on Monday, May 19th. Robert W. Baird decreased their price objective 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. Wall Street Zen upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Jefferies Financial Group began coverage on Cousins Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $35.00 target price for the company. Finally, Wolfe Research raised 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. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.20.

Cousins Properties Company 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.