Vanguard Group Inc. Increases Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Vanguard Group Inc. boosted its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,802,104 shares of the real estate investment trust's stock after purchasing an additional 985,934 shares during the quarter. Vanguard Group Inc. owned approximately 15.68% of Cousins Properties worth $759,936,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. LPL Financial LLC boosted its holdings in shares of Cousins Properties by 53.2% during the 4th quarter. LPL Financial LLC now owns 23,149 shares of the real estate investment trust's stock valued at $709,000 after acquiring an additional 8,035 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Cousins Properties in the 4th quarter worth $925,000. Sei Investments Co. grew its position in shares of Cousins Properties by 160.1% during the fourth quarter. Sei Investments Co. now owns 534,923 shares of the real estate investment trust's stock worth $16,390,000 after purchasing an additional 329,261 shares in the last quarter. American Century Companies Inc. bought a new stake in shares of Cousins Properties during the fourth quarter valued at approximately $781,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in Cousins Properties by 48.9% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 89,386 shares of the real estate investment trust's stock valued at $2,739,000 after acquiring an additional 29,355 shares during the last quarter. 94.38% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

CUZ has been the topic of a number of recent research reports. Robert W. Baird decreased their price objective on 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 raised shares of Cousins Properties from an "underperform" rating to a "neutral" rating and increased their price target for the company from $22.00 to $30.00 in a research report on Tuesday, January 7th. Jefferies Financial Group assumed coverage on Cousins Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $35.00 price target for the company. BMO Capital Markets downgraded shares of Cousins Properties from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from $31.00 to $32.00 in a research note on Tuesday, December 3rd. Finally, Barclays cut their price target on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.89.

Cousins Properties Stock Performance

Cousins Properties stock remained flat at $29.40 during trading on Wednesday. 538,385 shares of the company were exchanged, compared to its average volume of 1,240,037. 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 has a fifty day moving average of $29.89 and a 200-day moving average of $30.25. The company has a market capitalization of $4.94 billion, a price-to-earnings ratio of 98.00, a PEG ratio of 2.98 and a beta of 1.28. Cousins Properties Incorporated has a 1 year low of $21.58 and a 1 year high of $32.55.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 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 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 will be paid on Tuesday, April 15th. Stockholders of record on Thursday, April 3rd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Thursday, April 3rd. Cousins Properties's dividend payout ratio is currently 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.