Vanguard Group Inc. Grows Position in Cousins Properties Incorporated (NYSE:CUZ)

Vanguard Group Inc. boosted its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,802,104 shares of the real estate investment trust's stock after buying an additional 985,934 shares during the quarter. Vanguard Group Inc. owned 15.68% of Cousins Properties worth $759,936,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its holdings in shares of Cousins Properties by 0.8% in the 4th quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust's stock worth $1,353,000 after acquiring an additional 366 shares during the period. UMB Bank n.a. boosted its position in Cousins Properties by 67.4% during the fourth quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 395 shares in the last quarter. Larson Financial Group LLC grew its holdings in Cousins Properties by 49.7% in the third quarter. Larson Financial Group LLC now owns 1,319 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 438 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Cousins Properties by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust's stock valued at $695,000 after buying an additional 485 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Cousins Properties by 15.3% during the 4th quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust's stock worth $184,000 after buying an additional 794 shares during the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CUZ. Truist Financial increased their price objective on shares of Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Barclays lowered their price target on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Mizuho upgraded Cousins Properties from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $22.00 to $30.00 in a research report on Tuesday, January 7th. StockNews.com upgraded Cousins Properties from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, Jefferies Financial Group began coverage on Cousins Properties in a research report on Monday, March 17th. They issued a "buy" rating and a $35.00 price objective on the stock. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.89.

Cousins Properties Trading Down 7.9 %

Cousins Properties stock traded down $2.33 during trading on Thursday, hitting $27.19. The company's stock had a trading volume of 1,460,287 shares, compared to its average volume of 1,242,495. The stock's fifty day moving average is $29.81 and its 200 day moving average is $30.23. Cousins Properties Incorporated has a 1-year low of $21.58 and a 1-year high of $32.55. The stock has a market capitalization of $4.56 billion, a price-to-earnings ratio of 90.62, 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.

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

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be issued a $0.32 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.71%. Cousins Properties's dividend payout ratio (DPR) is presently 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.