Cousins Properties Incorporated (NYSE:CUZ) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 32.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 218,479 shares of the real estate investment trust's stock after purchasing an additional 54,128 shares during the period. Quantinno Capital Management LP owned 0.14% of Cousins Properties worth $6,694,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Cousins Properties by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust's stock worth $759,936,000 after purchasing an additional 985,934 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Cousins Properties by 11.1% during the fourth quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust's stock valued at $413,375,000 after acquiring an additional 1,350,352 shares during the last quarter. APG Asset Management US Inc. increased its position in shares of Cousins Properties by 0.3% during the fourth quarter. APG Asset Management US Inc. now owns 7,853,306 shares of the real estate investment trust's stock valued at $240,625,000 after acquiring an additional 19,657 shares during the last quarter. Centersquare Investment Management LLC increased its position in shares of Cousins Properties by 11.7% during the fourth quarter. Centersquare Investment Management LLC now owns 5,600,905 shares of the real estate investment trust's stock valued at $171,612,000 after acquiring an additional 585,659 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Cousins Properties by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 3,072,221 shares of the real estate investment trust's stock valued at $94,160,000 after acquiring an additional 208,044 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CUZ has been the subject of a number of research reports. Wolfe Research upgraded shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a report on Monday, April 7th. Robert W. Baird dropped their price objective 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. Truist Financial decreased their price target on shares of Cousins Properties from $31.00 to $29.00 and set a "buy" rating for the company in a research note on Thursday. Jefferies Financial Group assumed coverage on shares of Cousins Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $35.00 price target for the company. Finally, Barclays decreased their price target on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research note on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.20.

Cousins Properties Stock Down 1.6%

Shares of NYSE:CUZ traded down $0.42 during trading on Thursday, hitting $26.52. 425,807 shares of the company were exchanged, compared to its average volume of 1,259,024. The stock has a market capitalization of $4.45 billion, a P/E ratio of 88.49, a PEG ratio of 2.98 and a beta of 1.34. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. Cousins Properties Incorporated has a 12-month low of $22.01 and a 12-month high of $32.55. The firm's 50 day moving average price is $27.87 and its 200-day moving average price is $29.52.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. The business had revenue of $6.81 million during the quarter, compared to the consensus estimate of $238.49 million. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. The company's revenue was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.65 EPS. On average, research analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share 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 given 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 4.83%. Cousins Properties's dividend payout ratio is presently 387.88%.

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.