Cousins Properties Incorporated (NYSE:CUZ) Shares Bought by Pinebridge Investments L.P.

Pinebridge Investments L.P. raised its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 42.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,830 shares of the real estate investment trust's stock after purchasing an additional 29,267 shares during the quarter. Pinebridge Investments L.P. owned 0.06% of Cousins Properties worth $2,998,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its stake in Cousins Properties by 1,609.3% in 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 during the period. UMB Bank n.a. raised its position 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 valued at $30,000 after purchasing an additional 395 shares in the last quarter. FIL Ltd lifted its holdings in shares of Cousins Properties by 24.6% in the 4th quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust's stock worth $100,000 after buying an additional 643 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of 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 worth $127,000 after buying an additional 3,551 shares in the last quarter. Finally, BankPlus Trust Department purchased a new position in shares of Cousins Properties during the fourth quarter valued at $142,000. Institutional investors own 94.38% of the company's stock.

Cousins Properties Stock Performance

CUZ stock traded up $0.23 during midday trading on Friday, reaching $28.00. The stock had a trading volume of 592,497 shares, compared to its average volume of 1,246,093. The firm has a fifty day simple moving average of $28.23 and a two-hundred day simple moving average of $29.83. Cousins Properties Incorporated has a 52-week low of $22.01 and a 52-week high of $32.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a market cap of $4.70 billion, a PE ratio of 93.37, a P/E/G ratio of 2.98 and a beta of 1.24.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its 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. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. The firm had revenue of $6.81 million during the quarter, compared to the consensus estimate of $238.49 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company's revenue was up 16.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd were issued a dividend of $0.32 per share. The ex-dividend date was Thursday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.57%. Cousins Properties's dividend payout ratio (DPR) is presently 426.67%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CUZ. Robert W. Baird reduced their price objective 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. StockNews.com raised Cousins Properties from a "sell" rating to a "hold" rating in a research report on Wednesday. Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $22.00 to $30.00 in a research report on Tuesday, January 7th. 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 report on Monday, April 7th. Finally, Barclays lowered their price target on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.