Cousins Properties Incorporated (NYSE:CUZ) Shares Purchased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co boosted its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 10.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,580 shares of the real estate investment trust's stock after acquiring an additional 29,469 shares during the period. CANADA LIFE ASSURANCE Co owned 0.19% of Cousins Properties worth $9,878,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CUZ. Vanguard Group Inc. raised its position in shares of Cousins Properties by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust's stock worth $759,936,000 after purchasing an additional 985,934 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Cousins Properties by 11.1% in the fourth quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust's stock worth $413,375,000 after purchasing an additional 1,350,352 shares during the last quarter. APG Asset Management US Inc. grew its holdings in shares of Cousins Properties by 0.3% in the fourth quarter. APG Asset Management US Inc. now owns 7,853,306 shares of the real estate investment trust's stock worth $240,625,000 after acquiring an additional 19,657 shares during the period. Centersquare Investment Management LLC increased its position in Cousins Properties by 11.7% during the fourth quarter. Centersquare Investment Management LLC now owns 5,600,905 shares of the real estate investment trust's stock valued at $171,612,000 after acquiring an additional 585,659 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Cousins Properties by 7.3% in the fourth quarter. Geode Capital Management LLC now owns 3,072,221 shares of the real estate investment trust's stock valued at $94,160,000 after acquiring an additional 208,044 shares during the period. Institutional investors own 94.38% of the company's stock.

Wall Street Analysts Forecast Growth

CUZ has been the subject of several analyst reports. Jefferies Financial Group initiated coverage on Cousins Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $35.00 price objective for the company. Robert W. Baird reduced their price objective on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Mizuho upgraded Cousins Properties from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $22.00 to $30.00 in a research report on Tuesday, January 7th. Barclays lowered their price target on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. Finally, Wolfe Research raised shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a research note on Monday, April 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $32.70.

Cousins Properties Stock Performance

Shares of CUZ stock traded up $0.06 during trading hours on Friday, hitting $27.73. The company's stock had a trading volume of 585,298 shares, compared to its average volume of 1,254,687. The company has a 50 day moving average of $28.49 and a 200 day moving average of $29.89. The stock has a market cap of $4.66 billion, a PE ratio of 92.43, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64. Cousins Properties Incorporated has a 12-month low of $22.01 and a 12-month high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share for the quarter, topping 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%. On average, sell-side analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were paid a dividend of $0.32 per share. The ex-dividend date was Thursday, April 3rd. This represents a $1.28 annualized dividend and a yield of 4.62%. Cousins Properties's dividend payout ratio (DPR) 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.