Centersquare Investment Management LLC raised its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 11.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,600,905 shares of the real estate investment trust's stock after acquiring an additional 585,659 shares during the quarter. Cousins Properties makes up 1.8% of Centersquare Investment Management LLC's investment portfolio, making the stock its 23rd largest position. Centersquare Investment Management LLC owned approximately 3.54% of Cousins Properties worth $171,612,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Cousins Properties by 3.9% during the 3rd quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust's stock worth $357,910,000 after purchasing an additional 458,387 shares during the last quarter. Cerity Partners LLC acquired a new position in shares of Cousins Properties in the third quarter worth $584,000. FMR LLC lifted its position in shares of Cousins Properties by 69.8% in the third quarter. FMR LLC now owns 19,161 shares of the real estate investment trust's stock valued at $565,000 after acquiring an additional 7,877 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Cousins Properties by 24.4% during the third quarter. BNP Paribas Financial Markets now owns 113,081 shares of the real estate investment trust's stock valued at $3,334,000 after acquiring an additional 22,169 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its position in Cousins Properties by 33.8% during the 3rd quarter. Glenmede Trust Co. NA now owns 12,543 shares of the real estate investment trust's stock worth $370,000 after purchasing an additional 3,171 shares in the last quarter. Hedge funds and other institutional investors own 94.38% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on CUZ shares. StockNews.com upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. 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 note on Monday, February 24th. Truist Financial lifted their target price on shares of Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. KeyCorp raised Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price target on the stock in a research note on Tuesday, December 17th. Finally, Jefferies Financial Group started coverage on Cousins Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $35.00 price objective for the company. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $32.89.
Get Our Latest Research Report on Cousins Properties
Cousins Properties Trading Down 4.2 %
Cousins Properties stock traded down $1.15 during midday trading on Friday, reaching $26.01. The stock had a trading volume of 2,083,391 shares, compared to its average volume of 1,246,495. The stock has a market capitalization of $4.37 billion, a PE ratio of 86.70, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24. 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 stock's 50-day simple moving average is $29.72 and its 200 day simple moving average is $30.22. Cousins Properties Incorporated has a twelve month low of $21.58 and a twelve month high of $32.55.
Cousins Properties (NYSE:CUZ - Get Free Report) last posted 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 net margin of 5.36% and a return on equity of 1.00%. Analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current year.
Cousins Properties Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.32 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.92%. Cousins Properties's payout ratio is 426.67%.
Cousins Properties Company Profile
(
Free Report)
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.
Featured Articles
Before you consider Cousins Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cousins Properties wasn't on the list.
While Cousins Properties currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
