184,227 Shares in Cousins Properties Incorporated (NYSE:CUZ) Bought by Alberta Investment Management Corp

Alberta Investment Management Corp purchased a new position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 184,227 shares of the real estate investment trust's stock, valued at approximately $5,645,000. Alberta Investment Management Corp owned approximately 0.12% of Cousins Properties as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of Cousins Properties by 21.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,749,662 shares of the real estate investment trust's stock valued at $51,580,000 after buying an additional 309,571 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Cousins Properties by 368.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust's stock valued at $23,052,000 after purchasing an additional 615,118 shares during the last quarter. Jennison Associates LLC grew its holdings in Cousins Properties by 15.9% during the 3rd quarter. Jennison Associates LLC now owns 2,205,415 shares of the real estate investment trust's stock valued at $65,016,000 after purchasing an additional 302,309 shares during the last quarter. Geode Capital Management LLC grew its holdings in Cousins Properties by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,864,177 shares of the real estate investment trust's stock valued at $84,457,000 after purchasing an additional 36,727 shares during the last quarter. Finally, State Street Corp grew its holdings in Cousins Properties by 0.6% during the 3rd quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust's stock valued at $224,251,000 after purchasing an additional 48,668 shares during the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays cut their price target on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Jefferies Financial Group upgraded shares of Cousins Properties from a "hold" rating to a "buy" rating and upped their target price for the stock from $33.00 to $36.00 in a research note on Thursday, January 2nd. Wells Fargo & Company upped their target price on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th. Mizuho upgraded shares of Cousins Properties from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. Finally, Truist Financial upped their target price 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $33.11.

Cousins Properties Stock Down 0.9 %

NYSE:CUZ traded down $0.29 during midday trading on Friday, reaching $30.06. 394,228 shares of the stock traded hands, compared to its average volume of 1,238,897. Cousins Properties Incorporated has a 12-month low of $21.58 and a 12-month high of $32.55. The business has a 50-day moving average of $30.28 and a two-hundred day moving average of $29.88. 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 stock has a market capitalization of $5.04 billion, a PE ratio of 100.03, a price-to-earnings-growth ratio of 2.98 and a beta of 1.29.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its 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 net margin of 5.36% and a return on equity of 1.00%. On average, equities analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were issued a $0.32 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.26%. Cousins Properties's dividend payout ratio is currently 426.67%.

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.