71,979 Shares in Cousins Properties Incorporated (NYSE:CUZ) Acquired by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC purchased 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 disclosure with the Securities and Exchange Commission (SEC). The firm purchased 71,979 shares of the real estate investment trust's stock, valued at approximately $1,753,000.

A number of other hedge funds have also bought and sold shares of the company. PARK CIRCLE Co bought a new stake in Cousins Properties in the 3rd quarter valued at about $31,000. Cetera Trust Company N.A acquired a new position in shares of Cousins Properties during the fourth quarter worth approximately $156,000. Van Lanschot Kempen Investment Management N.V. bought a new position in Cousins Properties in the 3rd quarter worth approximately $173,000. Spirit of America Management Corp NY increased its position in Cousins Properties by 750.0% in the 4th quarter. Spirit of America Management Corp NY now owns 8,500 shares of the real estate investment trust's stock valued at $207,000 after acquiring an additional 7,500 shares during the period. Finally, Bailard Inc. bought a new stake in Cousins Properties during the 4th quarter valued at $224,000. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Cousins Properties news, CFO Gregg D. Adzema sold 71,097 shares of the company's stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $23.31, for a total transaction of $1,657,271.07. Following the completion of the sale, the chief financial officer now owns 85,872 shares of the company's stock, valued at $2,001,676.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CUZ shares. Truist Financial lowered their price target on Cousins Properties from $27.00 to $26.00 and set a "buy" rating on the stock in a report on Tuesday, January 16th. StockNews.com cut shares of Cousins Properties from a "hold" rating to a "sell" rating in a report on Tuesday. Finally, Barclays dropped their price objective on Cousins Properties from $29.00 to $25.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 27th. Three research analysts have rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, Cousins Properties currently has an average rating of "Hold" and a consensus target price of $23.67.

Cousins Properties Stock Down 0.3 %

Shares of NYSE CUZ traded down $0.07 during mid-day trading on Wednesday, reaching $23.65. The company had a trading volume of 1,318,936 shares, compared to its average volume of 1,581,938. The stock has a fifty day moving average of $23.09 and a two-hundred day moving average of $22.42. The company has a market capitalization of $3.60 billion, a price-to-earnings ratio of 48.45, a PEG ratio of 5.06 and a beta of 1.27. Cousins Properties Incorporated has a 12-month low of $17.40 and a 12-month high of $25.19. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.07 and a current ratio of 1.07.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings data on Friday, April 26th. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.63 by ($0.54). Cousins Properties had a net margin of 9.15% and a return on equity of 1.62%. The firm had revenue of $209.20 million for the quarter, compared to analyst estimates of $199.35 million. During the same period in the previous year, the business posted $0.65 EPS. Cousins Properties's revenue for the quarter was up 4.2% on a year-over-year basis. As a group, equities research analysts expect that Cousins Properties Incorporated will post 2.63 EPS 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 paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date was Wednesday, April 3rd. Cousins Properties's dividend payout ratio (DPR) is presently 261.22%.

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.