Peregrine Capital Management LLC Has $6.66 Million Position in Cousins Properties Incorporated (NYSE:CUZ)

Peregrine Capital Management LLC trimmed its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 24.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 273,370 shares of the real estate investment trust's stock after selling 89,952 shares during the period. Peregrine Capital Management LLC owned approximately 0.18% of Cousins Properties worth $6,657,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Belpointe Asset Management LLC lifted its position in Cousins Properties by 104.9% during the first quarter. Belpointe Asset Management LLC now owns 1,348 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 690 shares in the last quarter. PARK CIRCLE Co purchased a new stake in Cousins Properties during the 3rd quarter worth $31,000. Lazard Asset Management LLC purchased a new stake in Cousins Properties during the 1st quarter worth $39,000. Covestor Ltd increased its holdings in Cousins Properties by 89.2% in the 1st quarter. Covestor Ltd now owns 1,050 shares of the real estate investment trust's stock valued at $42,000 after purchasing an additional 495 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in Cousins Properties by 160.9% in the first quarter. Brown Brothers Harriman & Co. now owns 1,234 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 761 shares during the period. 94.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CUZ has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded Cousins Properties from a "neutral" rating to an "overweight" rating and increased their target price for the company from $26.00 to $27.00 in a research note on Monday, December 18th. Truist Financial lowered their price objective on shares of Cousins Properties from $27.00 to $26.00 and set a "buy" rating for the company in a research report on Tuesday, January 16th. Barclays reduced their target price on shares of Cousins Properties from $29.00 to $25.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 27th. Finally, StockNews.com raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $23.29.

Cousins Properties Stock Up 1.3 %

Shares of CUZ stock traded up $0.30 during mid-day trading on Thursday, reaching $22.80. 1,413,810 shares of the company were exchanged, compared to its average volume of 1,648,873. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.76 and a current ratio of 0.76. The business's 50 day simple moving average is $23.11 and its 200 day simple moving average is $21.95. The company has a market capitalization of $3.47 billion, a P/E ratio of 41.45, a P/E/G ratio of 6.27 and a beta of 1.27. Cousins Properties Incorporated has a fifty-two week low of $17.40 and a fifty-two week high of $25.19.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its quarterly earnings data on Wednesday, February 7th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.53). The company had revenue of $197.00 million for the quarter, compared to analyst estimates of $198.47 million. Cousins Properties had a return on equity of 1.81% and a net margin of 10.33%. Cousins Properties's revenue was up 1.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.66 earnings per share. Research analysts predict that Cousins Properties Incorporated will post 2.6 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 5.61%. The ex-dividend date is Wednesday, April 3rd. Cousins Properties's dividend payout ratio is presently 232.73%.

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.