AlphaQuest LLC Has $125,000 Holdings in Cousins Properties Incorporated (NYSE:CUZ)

AlphaQuest LLC lowered its stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 85.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,066 shares of the real estate investment trust's stock after selling 24,693 shares during the quarter. AlphaQuest LLC's holdings in Cousins Properties were worth $125,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in shares of Cousins Properties by 3.9% in the third quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust's stock worth $357,910,000 after purchasing an additional 458,387 shares in the last quarter. Assetmark Inc. lifted its position in shares of Cousins Properties by 19,163.0% in the third quarter. Assetmark Inc. now owns 5,201 shares of the real estate investment trust's stock worth $153,000 after purchasing an additional 5,174 shares in the last quarter. Atria Investments Inc bought a new stake in shares of Cousins Properties in the third quarter worth $208,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Cousins Properties by 368.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 781,947 shares of the real estate investment trust's stock worth $23,052,000 after purchasing an additional 615,118 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Cousins Properties by 3.7% in the third quarter. Victory Capital Management Inc. now owns 67,728 shares of the real estate investment trust's stock worth $1,997,000 after purchasing an additional 2,418 shares in the last quarter. Institutional investors own 94.38% of the company's stock.

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Analyst Ratings Changes

A number of analysts have recently commented on the stock. KeyCorp raised shares of Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price objective on the stock in a research report on Tuesday, December 17th. Mizuho upgraded shares of Cousins Properties from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $22.00 to $30.00 in a report on Tuesday, January 7th. Jefferies Financial Group assumed coverage on shares of Cousins Properties in a report on Monday. They issued a "buy" rating and a $35.00 price objective on the stock. Truist Financial upped their price objective on shares of Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Finally, Robert W. Baird decreased their price objective on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Cousins Properties has an average rating of "Moderate Buy" and a consensus price target of $32.89.

Cousins Properties Price Performance

CUZ traded down $0.22 on Friday, hitting $29.61. 2,969,287 shares of the stock were exchanged, compared to its average volume of 1,214,450. 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 $29.93 and a two-hundred day moving average of $30.17. 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 firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 98.70, a PEG ratio of 2.98 and a beta of 1.28.

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, topping 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%. Sell-side analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Thursday, April 3rd. Cousins Properties's dividend payout ratio is presently 426.67%.

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.