Charles Schwab Investment Management Inc. boosted its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,677,769 shares of the real estate investment trust's stock after buying an additional 189,411 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.69% of Cousins Properties worth $82,047,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of CUZ. Jones Financial Companies Lllp lifted its stake 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 valued at $28,000 after buying an additional 869 shares during the period. UMB Bank n.a. raised its position in shares of Cousins Properties by 67.4% in 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 during the period. Larson Financial Group LLC boosted its stake 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 worth $39,000 after acquiring an additional 438 shares during the last quarter. Quarry LP grew its holdings in Cousins Properties by 74.5% during the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust's stock valued at $117,000 after purchasing an additional 1,697 shares during the period. Finally, BankPlus Trust Department bought a new stake in Cousins Properties in the fourth quarter valued at approximately $142,000. 94.38% of the stock is currently owned by institutional investors.
Cousins Properties Stock Performance
CUZ traded up $0.62 during trading hours on Friday, reaching $28.68. The company's stock had a trading volume of 1,334,475 shares, compared to its average volume of 1,214,148. The company's 50-day moving average is $29.98 and its 200-day moving average is $30.12. Cousins Properties Incorporated has a 52 week low of $21.58 and a 52 week high of $32.55. The firm has a market cap of $4.81 billion, a PE ratio of 95.59, a price-to-earnings-growth 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 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%. On average, equities analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current year.
Cousins Properties Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Friday, January 3rd were paid a $0.32 dividend. The ex-dividend date was Friday, January 3rd. This represents a $1.28 annualized dividend and a yield of 4.46%. Cousins Properties's dividend payout ratio (DPR) is presently 426.67%.
Analysts Set New Price Targets
CUZ has been the topic of several recent analyst reports. Mizuho upgraded Cousins Properties from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $22.00 to $30.00 in a report on Tuesday, January 7th. Truist Financial increased their target price on Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Robert W. Baird dropped their target price on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a report on Monday, February 24th. StockNews.com cut shares of Cousins Properties from a "hold" rating to a "sell" rating in a report on Thursday, January 9th. Finally, Barclays dropped their price objective 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Cousins Properties currently has an average rating of "Moderate Buy" and an average target price of $33.00.
View Our Latest Analysis on Cousins Properties
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.
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