Summit Investment Advisors Inc. boosted its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 34.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,218 shares of the real estate investment trust's stock after buying an additional 16,605 shares during the period. Summit Investment Advisors Inc.'s holdings in Cousins Properties were worth $1,968,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in Cousins Properties by 1,609.3% in the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 869 shares during the period. UMB Bank n.a. increased 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 buying an additional 395 shares in the last quarter. FIL Ltd raised its stake in Cousins Properties by 24.6% during the fourth quarter. FIL Ltd now owns 3,262 shares of the real estate investment trust's stock valued at $100,000 after buying an additional 643 shares during the last quarter. CIBC Private Wealth Group LLC raised its position in shares of Cousins Properties by 473.5% in the 4th quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust's stock worth $127,000 after purchasing an additional 3,551 shares during the last quarter. Finally, BankPlus Trust Department bought a new position in Cousins Properties in the 4th quarter worth about $142,000. 94.38% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on CUZ shares. Robert W. Baird dropped their target price on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Barclays dropped their price objective on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Monday, February 3rd. StockNews.com downgraded Cousins Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, April 9th. Wolfe Research upgraded 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. Finally, Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and upped their target price for the company from $22.00 to $30.00 in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.70.
View Our Latest Research Report on CUZ
Cousins Properties Trading Up 0.2 %
Shares of NYSE CUZ traded up $0.04 during midday trading on Friday, hitting $26.82. The stock had a trading volume of 1,450,223 shares, compared to its average volume of 1,257,982. The firm has a market cap of $4.50 billion, a P/E ratio of 89.41, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24. Cousins Properties Incorporated has a fifty-two week low of $21.77 and a fifty-two week high of $32.55. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick ratio of 0.74. The company's 50-day simple moving average is $28.81 and its 200 day simple moving average is $29.95.
Cousins Properties (NYSE:CUZ - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, beating 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%. Research analysts anticipate that Cousins Properties Incorporated will post 2.76 EPS for the current year.
Cousins Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders 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 dividend yield of 4.77%. Cousins Properties's dividend payout ratio is currently 426.67%.
About Cousins Properties
(
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.
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