Ghisallo Capital Management LLC Invests $10.72 Million in Cousins Properties Incorporated (NYSE:CUZ)

Ghisallo Capital Management LLC bought 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 bought 350,000 shares of the real estate investment trust's stock, valued at approximately $10,724,000. Ghisallo Capital Management LLC owned 0.22% of Cousins Properties as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in Cousins Properties by 3.9% in the 3rd quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust's stock valued at $357,910,000 after buying an additional 458,387 shares in the last quarter. Virtu Financial LLC bought a new position in Cousins Properties during the third quarter worth about $227,000. JPMorgan Chase & Co. raised its stake in Cousins Properties by 21.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust's stock worth $51,580,000 after purchasing an additional 309,571 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in Cousins Properties by 17.6% in the 4th quarter. Capital Investment Advisors LLC now owns 384,983 shares of the real estate investment trust's stock valued at $11,796,000 after purchasing an additional 57,707 shares during the period. Finally, USA Financial Formulas acquired a new position in Cousins Properties in the 4th quarter valued at $296,000. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CUZ shares. Robert W. Baird dropped their price target on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Barclays decreased their target price on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Wolfe Research upgraded shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a research report on Monday, April 7th. Mizuho upgraded Cousins Properties from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $22.00 to $30.00 in a report on Tuesday, January 7th. Finally, StockNews.com downgraded Cousins Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Cousins Properties has an average rating of "Moderate Buy" and a consensus price target of $32.70.

Cousins Properties Stock Up 0.5 %

NYSE CUZ traded up $0.13 during midday trading on Wednesday, hitting $27.51. 1,933,756 shares of the company traded hands, compared to its average volume of 1,615,644. The company has a market cap of $4.62 billion, a PE ratio of 91.70, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24. 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's 50-day simple moving average is $28.33 and its 200-day simple moving average is $29.86. Cousins Properties Incorporated has a 52 week low of $23.91 and a 52 week high of $27.92.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. As a group, equities research analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current 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 given a $0.32 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.65%. Cousins Properties's dividend payout ratio (DPR) is presently 426.67%.

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.