Hudson Bay Capital Management LP Lowers Position in Cousins Properties Incorporated (NYSE:CUZ)

Hudson Bay Capital Management LP trimmed its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,433,818 shares of the real estate investment trust's stock after selling 26,655 shares during the period. Hudson Bay Capital Management LP owned 0.91% of Cousins Properties worth $43,932,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CUZ. Capital Investment Advisors LLC grew its position in Cousins Properties by 17.6% during the 4th quarter. Capital Investment Advisors LLC now owns 384,983 shares of the real estate investment trust's stock worth $11,796,000 after purchasing an additional 57,707 shares during the period. USA Financial Formulas purchased a new stake in shares of Cousins Properties in the fourth quarter worth about $296,000. UMB Bank n.a. grew its holdings in 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 acquiring an additional 395 shares during the period. Nisa Investment Advisors LLC grew its holdings in Cousins Properties by 21.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 56,404 shares of the real estate investment trust's stock worth $1,728,000 after acquiring an additional 9,831 shares during the period. Finally, Blue Trust Inc. raised its position in Cousins Properties by 59.4% during the fourth quarter. Blue Trust Inc. now owns 6,466 shares of the real estate investment trust's stock valued at $191,000 after acquiring an additional 2,409 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company's stock.

Cousins Properties Stock Performance

NYSE CUZ traded up $0.24 on Friday, reaching $28.75. The stock had a trading volume of 352,536 shares, compared to its average volume of 1,246,208. The stock has a market cap of $4.83 billion, a P/E ratio of 95.79, a price-to-earnings-growth ratio of 2.98 and a beta of 1.34. Cousins Properties Incorporated has a 12-month low of $22.01 and a 12-month high of $32.55. The business's 50-day moving average price is $27.92 and its 200 day moving average price is $29.60. 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 (NYSE:CUZ - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The firm had revenue of $6.81 million during the quarter, compared to analysts' expectations of $238.49 million. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. Cousins Properties's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 EPS. As a group, equities 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. Shareholders of record on Thursday, April 3rd were given a dividend of $0.32 per share. The ex-dividend date was Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.45%. Cousins Properties's payout ratio is 387.88%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wolfe Research upgraded shares of 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. Barclays decreased their price objective on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. StockNews.com raised Cousins Properties from a "sell" rating to a "hold" rating in a report on Thursday, May 8th. Robert W. Baird cut their target price on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Finally, Jefferies Financial Group initiated coverage on Cousins Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $35.00 price target on the stock. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.