Jennison Associates LLC Has $26.60 Million Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Jennison Associates LLC boosted its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 53.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,092,361 shares of the real estate investment trust's stock after acquiring an additional 379,134 shares during the period. Jennison Associates LLC owned 0.72% of Cousins Properties worth $26,599,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Oak Thistle LLC acquired a new position in shares of Cousins Properties in the 3rd quarter valued at $684,000. Xponance Inc. grew its holdings in shares of Cousins Properties by 5.2% in the 3rd quarter. Xponance Inc. now owns 19,475 shares of the real estate investment trust's stock valued at $397,000 after buying an additional 963 shares during the period. New York State Teachers Retirement System grew its holdings in shares of Cousins Properties by 1.2% in the 3rd quarter. New York State Teachers Retirement System now owns 164,764 shares of the real estate investment trust's stock valued at $3,356,000 after buying an additional 2,021 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Cousins Properties by 3.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 74,948 shares of the real estate investment trust's stock valued at $1,527,000 after buying an additional 2,614 shares during the period. Finally, Strs Ohio grew its holdings in shares of Cousins Properties by 70.7% in the 3rd quarter. Strs Ohio now owns 341,449 shares of the real estate investment trust's stock valued at $6,955,000 after buying an additional 141,470 shares during the period. Institutional investors and hedge funds own 94.38% of the company's stock.

Analysts Set New Price Targets

CUZ has been the subject of several research analyst reports. Barclays decreased their price target on shares of Cousins Properties from $29.00 to $25.00 and set an "overweight" rating for the company in a report on Wednesday, March 27th. StockNews.com raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a report on Thursday, April 11th. Finally, Truist Financial dropped their target price on shares of Cousins Properties from $27.00 to $26.00 and set a "buy" rating on the stock in a report on Tuesday, January 16th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Cousins Properties has an average rating of "Hold" and a consensus price target of $23.67.

Cousins Properties Stock Performance

Cousins Properties stock traded down $0.07 during trading hours on Thursday, hitting $23.05. The company had a trading volume of 1,839,121 shares, compared to its average volume of 1,592,911. The firm has a market cap of $3.51 billion, a PE ratio of 42.04, a PEG ratio of 6.13 and a beta of 1.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.76 and a quick ratio of 0.76. Cousins Properties Incorporated has a one year low of $17.40 and a one year high of $25.19. The firm has a 50-day moving average of $23.08 and a 200 day moving average of $22.13.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $198.47 million. Cousins Properties had a net margin of 10.33% and a return on equity of 1.81%. The firm's revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 earnings per share. On average, sell-side analysts expect that Cousins Properties Incorporated will post 2.61 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, April 4th were given a dividend of $0.32 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.55%. Cousins Properties's 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.