Tudor Investment Corp ET AL Decreases Position in Cousins Properties Incorporated (NYSE:CUZ)

Tudor Investment Corp ET AL trimmed its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 77.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 92,298 shares of the real estate investment trust's stock after selling 319,583 shares during the period. Tudor Investment Corp ET AL owned about 0.06% of Cousins Properties worth $2,828,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CUZ. Arizona State Retirement System boosted its position in shares of Cousins Properties by 0.8% during the 4th quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust's stock worth $1,353,000 after acquiring an additional 366 shares in the last quarter. Quarry LP boosted its holdings in Cousins Properties by 9.4% in the fourth quarter. Quarry LP now owns 4,351 shares of the real estate investment trust's stock valued at $133,000 after purchasing an additional 375 shares in the last quarter. UMB Bank n.a. increased its stake 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 purchasing an additional 395 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Cousins Properties by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust's stock worth $695,000 after purchasing an additional 485 shares in the last quarter. Finally, Norinchukin Bank The lifted its position in shares of Cousins Properties by 7.5% during the 4th quarter. Norinchukin Bank The now owns 7,393 shares of the real estate investment trust's stock worth $227,000 after buying an additional 513 shares during the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Cousins Properties Stock Performance

Shares of CUZ stock traded down $0.15 during trading hours on Tuesday, reaching $27.64. 1,450,770 shares of the company's stock were exchanged, compared to its average volume of 1,252,172. 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 1 year low of $22.01 and a 1 year high of $32.55. The company has a market cap of $4.64 billion, a P/E ratio of 92.14, a price-to-earnings-growth ratio of 2.98 and a beta of 1.34. The company's 50 day moving average is $28.16 and its two-hundred day moving average is $29.76.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $238.49 million. During the same quarter in the prior year, the business posted $0.65 earnings per share. Cousins Properties's revenue was up 16.4% compared to the same quarter last year. Equities research analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.28 annualized dividend and a yield of 4.63%. Cousins Properties's payout ratio is currently 387.88%.

Analysts Set New Price Targets

A number of research analysts recently commented on CUZ shares. Robert W. Baird cut their price target on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $22.00 to $30.00 in a report on Tuesday, January 7th. Barclays dropped their price objective on shares of 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 upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Wolfe Research raised Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a research note on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.