New Age Alpha Advisors LLC Takes Position in Cousins Properties Incorporated (NYSE:CUZ)

New Age Alpha Advisors LLC acquired a new position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 31,572 shares of the real estate investment trust's stock, valued at approximately $967,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in shares of Cousins Properties by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust's stock worth $357,910,000 after buying an additional 458,387 shares during the period. Cerity Partners LLC bought a new stake in shares of Cousins Properties during the third quarter worth approximately $584,000. Bank of Montreal Can grew its position in shares of Cousins Properties by 31.4% in the third quarter. Bank of Montreal Can now owns 302,079 shares of the real estate investment trust's stock valued at $8,845,000 after purchasing an additional 72,201 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Cousins Properties during the third quarter worth approximately $646,000. Finally, FMR LLC lifted its holdings in Cousins Properties by 69.8% during the 3rd quarter. FMR LLC now owns 19,161 shares of the real estate investment trust's stock worth $565,000 after purchasing an additional 7,877 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Price Performance

Shares of CUZ traded up $0.12 during mid-day trading on Wednesday, reaching $29.52. The company had a trading volume of 1,098,769 shares, compared to its average volume of 1,241,278. The company has a market capitalization of $4.96 billion, a price-to-earnings ratio of 98.40, a P/E/G ratio of 2.98 and a beta of 1.28. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. The company's 50 day simple moving average is $29.87 and its 200 day simple moving average is $30.25. Cousins Properties Incorporated has a 1-year low of $21.58 and a 1-year high of $32.55.

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

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd will be issued a $0.32 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 4.34%. Cousins Properties's dividend payout ratio (DPR) is presently 426.67%.

Analyst Ratings Changes

CUZ has been the topic of several recent research reports. Barclays lowered their price objective on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. StockNews.com upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th. Robert W. Baird decreased their target price on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. BMO Capital Markets downgraded shares of Cousins Properties from an "outperform" rating to a "market perform" rating and lifted their price target for the company from $31.00 to $32.00 in a research report on Tuesday, December 3rd. Finally, Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $22.00 to $30.00 in a research report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.89.

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.