Aster Capital Management DIFC Ltd Makes New Investment in Cousins Properties Incorporated (NYSE:CUZ)

Aster Capital Management DIFC Ltd purchased a new position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,215 shares of the real estate investment trust's stock, valued at approximately $313,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in Cousins Properties by 1,609.3% in the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 869 shares in the last quarter. UMB Bank n.a. increased its position in Cousins Properties by 67.4% during the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock worth $30,000 after buying an additional 395 shares in the last quarter. CIBC Private Wealth Group LLC lifted its holdings in Cousins Properties by 473.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust's stock valued at $127,000 after purchasing an additional 3,551 shares in the last quarter. BankPlus Trust Department purchased a new position in shares of Cousins Properties during the 4th quarter worth $142,000. Finally, Assetmark Inc. boosted its holdings 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 worth $184,000 after purchasing an additional 794 shares during the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Wall Street Analyst Weigh In

CUZ has been the topic of several recent analyst reports. StockNews.com downgraded Cousins Properties from a "hold" rating to a "sell" rating in a research report on Wednesday. Truist Financial upped their price target on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Barclays decreased 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 started coverage on Cousins Properties in a report on Monday, March 17th. They set a "buy" rating and a $35.00 price objective for the company. Finally, KeyCorp upgraded Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 target price on the stock in a report on Tuesday, December 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, Cousins Properties presently has an average rating of "Moderate Buy" and a consensus price target of $32.70.

Cousins Properties Stock Up 0.6 %

Shares of CUZ traded up $0.17 during mid-day trading on Friday, reaching $26.08. 1,734,134 shares of the stock traded hands, compared to its average volume of 1,257,695. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 86.93, a P/E/G ratio of 2.98 and a beta of 1.24. The stock has a fifty day simple moving average of $29.13 and a 200 day simple moving average of $30.03. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. 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 issued its quarterly earnings data 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 expect that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be paid a dividend of $0.32 per share. 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 4.91%. Cousins Properties's dividend payout ratio (DPR) is presently 426.67%.

About Cousins Properties

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.