Pinebridge Investments L.P. Has $3 Million Stake in Cousins Properties Incorporated (NYSE:CUZ)

Pinebridge Investments L.P. increased its stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 42.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 97,830 shares of the real estate investment trust's stock after acquiring an additional 29,267 shares during the quarter. Pinebridge Investments L.P. owned approximately 0.06% of Cousins Properties worth $2,998,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CUZ. Norges Bank acquired a new stake in Cousins Properties during the 4th quarter valued at $57,194,000. Principal Financial Group Inc. lifted its stake in Cousins Properties by 11.1% in the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust's stock worth $413,375,000 after acquiring an additional 1,350,352 shares in the last quarter. Vanguard Group Inc. boosted its position in Cousins Properties by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust's stock worth $759,936,000 after acquiring an additional 985,934 shares during the period. Raymond James Financial Inc. purchased a new position in Cousins Properties during the 4th quarter valued at about $25,148,000. Finally, ExodusPoint Capital Management LP increased its holdings in shares of Cousins Properties by 181.1% in the 4th quarter. ExodusPoint Capital Management LP now owns 1,170,067 shares of the real estate investment trust's stock valued at $35,851,000 after purchasing an additional 753,757 shares during the period. 94.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CUZ has been the subject of several research reports. Robert W. Baird decreased their price target 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. Wolfe Research upgraded shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a report on Monday, April 7th. StockNews.com lowered Cousins Properties from a "hold" rating to a "sell" rating in a report on Wednesday, April 9th. Jefferies Financial Group initiated coverage on Cousins Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $35.00 target price on the stock. Finally, Barclays cut their price target on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.70.

Cousins Properties Stock Performance

Cousins Properties stock traded up $0.13 during trading hours on Wednesday, reaching $27.51. 1,933,756 shares of the company were exchanged, compared to its average volume of 1,249,340. Cousins Properties Incorporated has a 12 month low of $22.01 and a 12 month high of $32.55. The firm has a market cap of $4.62 billion, a price-to-earnings ratio of 91.70, a PEG ratio of 2.98 and a beta of 1.24. 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 has a 50-day moving average of $28.33 and a 200 day moving average of $29.86.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. As a group, research analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date was Thursday, April 3rd. Cousins Properties's dividend payout ratio (DPR) is currently 426.67%.

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.