GRS Advisors LLC Takes Position in Cousins Properties Incorporated (NYSE:CUZ)

GRS Advisors LLC acquired a new position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,080,891 shares of the real estate investment trust's stock, valued at approximately $63,759,000. Cousins Properties makes up about 6.3% of GRS Advisors LLC's investment portfolio, making the stock its 4th biggest holding. GRS Advisors LLC owned approximately 1.32% of Cousins Properties as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in 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 buying an additional 869 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Cousins Properties by 67.4% in the 4th 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 during the last quarter. FIL Ltd increased 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 worth $100,000 after purchasing an additional 643 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in 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 purchasing an additional 3,551 shares during the last quarter. Finally, Quarry LP grew its stake in Cousins Properties by 9.4% during the fourth quarter. Quarry LP now owns 4,351 shares of the real estate investment trust's stock worth $133,000 after buying an additional 375 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on CUZ shares. Jefferies Financial Group initiated coverage on Cousins Properties in a report on Monday, March 17th. They issued a "buy" rating and a $35.00 target price on the stock. StockNews.com upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research report on Thursday, May 8th. Barclays decreased their target price on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Wolfe Research raised Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price target for the company in a report on Monday, April 7th. Finally, Robert W. Baird reduced their price target 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. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $32.70.

Cousins Properties Stock Down 1.3%

Shares of NYSE:CUZ traded down $0.39 during midday trading on Tuesday, reaching $28.21. 69,008 shares of the company were exchanged, compared to its average volume of 1,245,667. The firm has a market cap of $4.74 billion, a PE ratio of 93.85, a P/E/G ratio of 2.98 and a beta of 1.34. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. Cousins Properties Incorporated has a fifty-two week low of $22.01 and a fifty-two week high of $32.55. The stock has a fifty day simple moving average of $27.96 and a two-hundred day simple moving average of $29.64.

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 for the quarter, topping the consensus estimate of $0.71 by $0.03. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. The company had revenue of $6.81 million during the quarter, compared to analysts' expectations of $238.49 million. During the same period in the prior year, the firm earned $0.65 earnings per share. Cousins Properties's revenue for the quarter was up 16.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently disclosed 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 of this dividend was Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.54%. Cousins Properties's dividend payout ratio (DPR) is presently 387.88%.

Cousins Properties 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.