Cousins Properties Incorporated (NYSE:CUZ) Shares Purchased by Capital Investment Advisors LLC

Capital Investment Advisors LLC lifted its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 17.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 384,983 shares of the real estate investment trust's stock after purchasing an additional 57,707 shares during the period. Capital Investment Advisors LLC owned about 0.24% of Cousins Properties worth $11,796,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Larson Financial Group LLC grew its holdings in shares of Cousins Properties by 49.7% during the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust's stock worth $39,000 after buying an additional 438 shares in the last quarter. Signaturefd LLC increased its position in Cousins Properties by 30.8% during the third quarter. Signaturefd LLC now owns 2,765 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 651 shares during the last quarter. Quarry LP boosted its holdings in shares of Cousins Properties by 74.5% in the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust's stock valued at $117,000 after purchasing an additional 1,697 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Cousins Properties by 168.0% in the 3rd quarter. Blue Trust Inc. now owns 4,057 shares of the real estate investment trust's stock valued at $120,000 after purchasing an additional 2,543 shares during the last quarter. Finally, CWM LLC raised its position in shares of Cousins Properties by 74.6% in the 3rd quarter. CWM LLC now owns 4,298 shares of the real estate investment trust's stock worth $127,000 after buying an additional 1,836 shares during the period. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Stock Up 1.9 %

CUZ traded up $0.54 on Monday, reaching $29.05. The company's stock had a trading volume of 857,200 shares, compared to its average volume of 1,297,077. Cousins Properties Incorporated has a 1 year low of $21.58 and a 1 year high of $32.55. The business's 50 day moving average is $30.76 and its 200 day moving average is $28.78. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 88.03, a price-to-earnings-growth ratio of 4.02 and a beta of 1.29.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.60). The company had revenue of $209.21 million during the quarter, compared to analyst estimates of $212.54 million. Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The business's revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.65 EPS. As a group, research analysts forecast that Cousins Properties Incorporated will post 2.68 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 14th. Investors of record on Friday, January 3rd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date is Friday, January 3rd. Cousins Properties's dividend payout ratio is presently 387.88%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CUZ shares. Mizuho raised shares of Cousins Properties from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $22.00 to $30.00 in a research report on Tuesday, January 7th. Evercore ISI lifted their target price on shares of Cousins Properties from $29.00 to $30.00 and gave the company an "in-line" rating in a report on Monday, September 16th. BMO Capital Markets downgraded 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 report on Tuesday, December 3rd. KeyCorp upgraded Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price objective on the stock in a research note on Tuesday, December 17th. Finally, Barclays increased their target price on Cousins Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $33.22.

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.