FJ Capital Management LLC Acquires New Stake in Cousins Properties Incorporated (NYSE:CUZ)

FJ Capital Management LLC acquired a new stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 9,127 shares of the real estate investment trust's stock, valued at approximately $280,000.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Cousins Properties by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust's stock valued at $759,936,000 after acquiring an additional 985,934 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Cousins Properties by 11.1% in the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust's stock valued at $413,375,000 after acquiring an additional 1,350,352 shares in the last quarter. APG Asset Management US Inc. raised 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 in the last quarter. Centersquare Investment Management LLC raised its stake in shares of Cousins Properties by 11.7% during the 4th quarter. Centersquare Investment Management LLC now owns 5,600,905 shares of the real estate investment trust's stock worth $171,612,000 after purchasing an additional 585,659 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Cousins Properties by 7.3% during the 4th quarter. Geode Capital Management LLC now owns 3,072,221 shares of the real estate investment trust's stock worth $94,160,000 after purchasing an additional 208,044 shares in the last quarter. Institutional investors own 94.38% of the company's stock.

Cousins Properties Trading Up 1.0%

NYSE CUZ traded up $0.28 during trading hours on Friday, hitting $28.09. 784,181 shares of the company's stock were exchanged, compared to its average volume of 1,250,082. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. Cousins Properties Incorporated has a 1-year low of $22.01 and a 1-year high of $32.55. The stock has a 50-day simple moving average of $27.98 and a 200 day simple moving average of $29.66. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 93.63, a PEG ratio of 2.98 and a beta of 1.34.

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, beating the consensus estimate of $0.71 by $0.03. The company had revenue of $6.81 million for the quarter, compared to analysts' expectations of $238.49 million. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Cousins Properties's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.65 earnings per share. On average, equities analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd were paid a dividend of $0.32 per share. 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 4.56%. Cousins Properties's payout ratio is 387.88%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CUZ shares. StockNews.com upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research note on Thursday. Robert W. Baird dropped their price objective on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Jefferies Financial Group started coverage on Cousins Properties in a research note on Monday, March 17th. They set a "buy" rating and a $35.00 price objective on the stock. Barclays dropped their price objective on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. Finally, Wolfe Research upgraded Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective on the stock in a research note on Monday, April 7th. 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 presently has an average rating of "Moderate Buy" and a consensus price target of $32.70.

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.