Landmark Investment Partners L.P. Purchases Shares of 391,549 Cousins Properties Incorporated (NYSE:CUZ)

Landmark Investment Partners L.P. purchased a new position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 391,549 shares of the real estate investment trust's stock, valued at approximately $11,997,000. Cousins Properties accounts for about 4.8% of Landmark Investment Partners L.P.'s holdings, making the stock its 10th largest holding. Landmark Investment Partners L.P. owned 0.25% of Cousins Properties as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CUZ. Jones Financial Companies Lllp grew its position in shares of Cousins Properties by 1,609.3% during the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock worth $28,000 after buying an additional 869 shares in the last quarter. UMB Bank n.a. grew its holdings in Cousins Properties by 67.4% during the 4th 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 in the last quarter. FIL Ltd grew its holdings in 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 acquiring an additional 643 shares in the last quarter. CIBC Private Wealth Group LLC increased its position 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 period. Finally, Quarry LP raised its holdings in shares of Cousins Properties by 9.4% in the 4th quarter. Quarry LP now owns 4,351 shares of the real estate investment trust's stock valued at $133,000 after purchasing an additional 375 shares in the last quarter. Institutional investors own 94.38% of the company's stock.

Cousins Properties Stock Performance

Shares of NYSE:CUZ traded up $0.47 on Friday, hitting $28.24. 1,813,324 shares of the company were exchanged, compared to its average volume of 1,250,818. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. The stock's 50 day moving average price is $28.23 and its 200 day moving average price is $29.83. Cousins Properties Incorporated has a 1-year low of $22.01 and a 1-year high of $32.55. The firm has a market capitalization of $4.74 billion, a P/E ratio of 94.13, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24.

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 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.03. The company had revenue of $6.81 million during 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%. The firm's revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.65 EPS. Sell-side analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors 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 annualized dividend and a yield of 4.53%. Cousins Properties's dividend payout ratio (DPR) is presently 426.67%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CUZ shares. Jefferies Financial Group began coverage on shares of Cousins Properties in a report on Monday, March 17th. They set a "buy" rating and a $35.00 price objective on the stock. Robert W. Baird reduced their target price on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Mizuho upgraded shares of Cousins Properties from an "underperform" rating to a "neutral" rating and raised their price target for the company from $22.00 to $30.00 in a report on Tuesday, January 7th. Barclays reduced 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 note on Monday, February 3rd. Finally, StockNews.com upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $32.70.

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.