Greenland Capital Management LP Purchases New Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Greenland Capital Management LP bought a new position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,068 shares of the real estate investment trust's stock, valued at approximately $308,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arizona State Retirement System grew its stake in Cousins Properties by 0.8% in the 4th quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust's stock valued at $1,353,000 after buying an additional 366 shares in the last quarter. UMB Bank n.a. grew its position in shares of 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 in the last quarter. Pacer Advisors Inc. raised its stake in shares of Cousins Properties by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust's stock valued at $695,000 after purchasing an additional 485 shares during the period. FIL Ltd boosted its stake in 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 purchasing an additional 643 shares during the period. Finally, Assetmark Inc. increased its position in shares of Cousins Properties by 15.3% during the fourth quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust's stock valued at $184,000 after buying an additional 794 shares during the period. Institutional investors own 94.38% of the company's stock.

Cousins Properties Trading Up 0.1 %

NYSE CUZ traded up $0.03 during trading on Monday, hitting $26.16. 467,218 shares of the company's stock traded hands, compared to its average volume of 1,416,397. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a fifty day moving average of $29.13 and a two-hundred day moving average of $30.03. The firm has a market cap of $4.39 billion, a P/E ratio of 87.20, a PEG ratio of 2.98 and a beta of 1.24. Cousins Properties Incorporated has a 12-month low of $21.58 and a 12-month high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings data 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, sell-side analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.89%. The ex-dividend date is Thursday, April 3rd. Cousins Properties's dividend payout ratio is currently 426.67%.

Wall Street Analysts Forecast Growth

CUZ has been the topic of several recent analyst reports. Wolfe Research upgraded shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price on the stock in a research note on Monday, April 7th. Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and lifted their price objective for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. Truist Financial upped their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Barclays cut their price objective on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Finally, KeyCorp raised shares of Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 target price on the stock in a research note on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.