Cousins Properties Incorporated (NYSE:CUZ) Shares Bought by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC raised its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 270.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 351,729 shares of the real estate investment trust's stock after acquiring an additional 256,679 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned approximately 0.22% of Cousins Properties worth $10,777,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in 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 in the last quarter. UMB Bank n.a. boosted its position in 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 valued at $30,000 after acquiring an additional 395 shares in the last quarter. Larson Financial Group LLC boosted its position in 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 valued at $39,000 after acquiring an additional 438 shares in the last quarter. Quarry LP boosted its position in Cousins Properties by 74.5% during the 3rd quarter. Quarry LP now owns 3,976 shares of the real estate investment trust's stock valued at $117,000 after acquiring an additional 1,697 shares in the last quarter. Finally, BankPlus Trust Department bought a new stake in Cousins Properties during the 4th quarter valued at $142,000. Institutional investors own 94.38% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of analysts have recently weighed in on CUZ shares. Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $22.00 to $30.00 in a research report on Tuesday, January 7th. BMO Capital Markets cut Cousins Properties from an "outperform" rating to a "market perform" rating and raised their price objective for the stock from $31.00 to $32.00 in a research report on Tuesday, December 3rd. StockNews.com cut Cousins Properties from a "hold" rating to a "sell" rating in a research report on Thursday, January 9th. Jefferies Financial Group raised Cousins Properties from a "hold" rating to a "buy" rating and raised their price objective for the stock from $33.00 to $36.00 in a research report on Thursday, January 2nd. Finally, KeyCorp raised Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price objective for the company in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.00.

Cousins Properties Stock Performance

CUZ stock traded up $0.21 during midday trading on Friday, reaching $29.22. The stock had a trading volume of 1,505,369 shares, compared to its average volume of 1,318,629. The stock has a market cap of $4.90 billion, a PE ratio of 97.38, a P/E/G ratio of 2.98 and a beta of 1.28. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. The firm has a fifty day simple moving average of $30.15 and a two-hundred day simple moving average of $30.10. Cousins Properties Incorporated has a 52-week low of $21.58 and a 52-week high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) 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%. As a group, equities research analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current year.

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.32 per share. The ex-dividend date was Friday, January 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.38%. Cousins Properties's payout ratio is currently 426.67%.

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.