Gotham Asset Management LLC raised its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 257,783 shares of the real estate investment trust's stock after purchasing an additional 19,512 shares during the quarter. Gotham Asset Management LLC owned about 0.16% of Cousins Properties worth $7,898,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Cousins Properties during the fourth quarter valued at approximately $57,194,000. Principal Financial Group Inc. boosted 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 worth $413,375,000 after purchasing an additional 1,350,352 shares during the period. Vanguard Group Inc. grew its position in Cousins Properties by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust's stock worth $759,936,000 after purchasing an additional 985,934 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Cousins Properties during the 4th quarter valued at $25,148,000. Finally, ExodusPoint Capital Management LP lifted its holdings in shares of Cousins Properties by 181.1% in the fourth quarter. ExodusPoint Capital Management LP now owns 1,170,067 shares of the real estate investment trust's stock valued at $35,851,000 after purchasing an additional 753,757 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.
Cousins Properties Stock Performance
Shares of NYSE:CUZ traded up $0.17 on Friday, hitting $28.68. 1,873,097 shares of the company were exchanged, compared to its average volume of 1,254,173. The company's 50 day moving average price is $27.93 and its two-hundred day moving average price is $29.57. Cousins Properties Incorporated has a one year low of $22.01 and a one year high of $32.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 95.58, a PEG ratio of 2.98 and a beta of 1.34.
Cousins Properties (NYSE:CUZ - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) 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 company had revenue of $6.81 million for the quarter, compared to the consensus estimate of $238.49 million. During the same quarter in the previous year, the firm posted $0.65 EPS. The business's revenue was up 16.4% compared to the same quarter last year. Research analysts expect that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.
Cousins Properties Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd were issued a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.46%. Cousins Properties's payout ratio is 387.88%.
Analyst Ratings Changes
A number of equities research analysts have issued reports on CUZ shares. Jefferies Financial Group started coverage on shares of Cousins Properties in a research note on Monday, March 17th. They set a "buy" rating and a $35.00 target price for the company. StockNews.com upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Wolfe Research upgraded shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a report on Monday, April 7th. Barclays cut their price target on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Finally, Robert W. Baird cut their price target on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $32.70.
Get Our Latest Report on CUZ
About Cousins Properties
(
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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