Burkehill Global Management LP Invests $12.26 Million in Cousins Properties Incorporated (NYSE:CUZ)

Burkehill Global Management LP purchased a new stake 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 SEC. The fund purchased 400,000 shares of the real estate investment trust's stock, valued at approximately $12,256,000. Cousins Properties comprises approximately 1.2% of Burkehill Global Management LP's portfolio, making the stock its 28th biggest holding. Burkehill Global Management LP owned approximately 0.25% of Cousins Properties as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in shares of Cousins Properties by 1,609.3% during the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 869 shares during the last quarter. UMB Bank n.a. increased its position in shares of Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 395 shares during the last quarter. Larson Financial Group LLC increased its position in shares of Cousins Properties by 49.7% during the 3rd quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 438 shares during the last quarter. Quarry LP increased its position in shares of Cousins Properties by 74.5% during the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust's stock worth $117,000 after purchasing an additional 1,697 shares during the last quarter. Finally, BankPlus Trust Department acquired a new stake in shares of Cousins Properties during the 4th quarter worth about $142,000. Institutional investors and hedge funds own 94.38% of the company's stock.

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Cousins Properties Stock Up 2.2 %

Shares of NYSE:CUZ traded up $0.62 on Friday, hitting $28.68. 1,334,475 shares of the company's stock were exchanged, compared to its average volume of 1,209,797. The firm's 50-day moving average is $29.94 and its 200 day moving average is $30.14. The company has a market capitalization of $4.81 billion, a PE ratio of 95.59, a P/E/G ratio of 2.98 and a beta of 1.28. Cousins Properties Incorporated has a 1-year low of $21.58 and a 1-year high of $32.55. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. Sell-side analysts predict that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date of this dividend was Friday, January 3rd. Cousins Properties's dividend payout ratio (DPR) is currently 426.67%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CUZ shares. Truist Financial increased their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. Robert W. Baird decreased their target price on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. KeyCorp upgraded 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. Finally, BMO Capital Markets lowered Cousins Properties from an "outperform" rating to a "market perform" rating and increased their price target for the company from $31.00 to $32.00 in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.

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.