Price T Rowe Associates Inc. MD Buys 10,376 Shares of Cousins Properties Incorporated (NYSE:CUZ)

Price T Rowe Associates Inc. MD raised its holdings in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 12.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,351 shares of the real estate investment trust's stock after purchasing an additional 10,376 shares during the period. Price T Rowe Associates Inc. MD owned about 0.06% of Cousins Properties worth $2,953,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CUZ. Jones Financial Companies Lllp increased its position in shares of 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 purchasing an additional 869 shares during the last quarter. UMB Bank n.a. increased its holdings in Cousins Properties by 67.4% in the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock valued at $30,000 after buying an additional 395 shares during the last quarter. FIL Ltd raised its stake in Cousins Properties by 24.6% during the fourth quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust's stock valued at $100,000 after buying an additional 643 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in 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 during the last quarter. Finally, BankPlus Trust Department bought a new position in Cousins Properties during the 4th quarter worth approximately $142,000. Institutional investors own 94.38% of the company's stock.

Cousins Properties Stock Up 1.0 %

Shares of CUZ traded up $0.28 during trading hours on Friday, reaching $28.09. The company's stock had a trading volume of 784,181 shares, compared to its average volume of 1,248,501. The company has a 50 day moving average of $27.98 and a two-hundred day moving average of $29.69. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 93.63, a P/E/G ratio of 2.98 and a beta of 1.34. Cousins Properties Incorporated has a 1-year low of $22.01 and a 1-year high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its earnings results on Thursday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, beating 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 for 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 business's quarterly revenue was up 16.4% compared to the same quarter last year. As a group, research analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date was Thursday, April 3rd. Cousins Properties's dividend payout ratio is 387.88%.

Analyst Ratings Changes

Several equities analysts recently issued reports on CUZ shares. Barclays reduced their price objective on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. StockNews.com raised Cousins Properties from a "sell" rating to a "hold" rating in a research note on Thursday. Robert W. Baird dropped their target price on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Wolfe Research upgraded Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a report on Monday, April 7th. Finally, Jefferies Financial Group assumed coverage on Cousins Properties in a report on Monday, March 17th. They set a "buy" rating and a $35.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.70.

Cousins Properties Company 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.