33,671 Shares in Cousins Properties Incorporated (NYSE:CUZ) Purchased by Intech Investment Management LLC

Intech Investment Management LLC acquired a new stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 33,671 shares of the real estate investment trust's stock, valued at approximately $1,032,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in 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 valued at $357,910,000 after purchasing an additional 458,387 shares during the last quarter. Atria Investments Inc bought a new position in shares of Cousins Properties during the third quarter valued at $208,000. Victory Capital Management Inc. boosted its position in shares of Cousins Properties by 3.7% during the third quarter. Victory Capital Management Inc. now owns 67,728 shares of the real estate investment trust's stock valued at $1,997,000 after buying an additional 2,418 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in Cousins Properties by 297.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 522,712 shares of the real estate investment trust's stock worth $15,409,000 after buying an additional 391,348 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its position in Cousins Properties by 3,768.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,337,416 shares of the real estate investment trust's stock worth $68,907,000 after buying an additional 2,276,986 shares during the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

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Cousins Properties Stock Performance

NYSE:CUZ traded down $0.08 during mid-day trading on Wednesday, hitting $29.94. 826,430 shares of the company traded hands, compared to its average volume of 1,201,467. 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 stock's fifty day moving average price is $29.99 and its 200-day moving average price is $30.23. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 99.78, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. Cousins Properties Incorporated has a one year low of $21.58 and a one year high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced 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 return on equity of 1.00% and a net margin of 5.36%. Research analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.28%. Cousins Properties's payout ratio is 426.67%.

Analyst Ratings Changes

CUZ has been the subject of a number of research analyst reports. Truist Financial lifted their price target on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. BMO Capital Markets downgraded shares of Cousins Properties from an "outperform" rating to a "market perform" rating and lifted their target price for the stock from $31.00 to $32.00 in a research report on Tuesday, December 3rd. KeyCorp raised Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price target on the stock in a report on Tuesday, December 17th. StockNews.com raised Cousins Properties from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, Barclays reduced their price objective on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price 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.