Russell Investments Group Ltd. Grows Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Russell Investments Group Ltd. grew its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 462.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 193,022 shares of the real estate investment trust's stock after buying an additional 158,674 shares during the period. Russell Investments Group Ltd. owned approximately 0.12% of Cousins Properties worth $5,914,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Arizona State Retirement System grew its holdings in Cousins Properties by 0.8% in the fourth quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust's stock worth $1,353,000 after purchasing an additional 366 shares during the period. UMB Bank n.a. increased its position in 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 buying an additional 395 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in 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 worth $695,000 after acquiring an additional 485 shares in the last quarter. Assetmark Inc. grew its stake in Cousins Properties by 15.3% in the fourth quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust's stock valued at $184,000 after acquiring an additional 794 shares during the period. Finally, Yousif Capital Management LLC increased its holdings in shares of Cousins Properties by 1.5% during the fourth quarter. Yousif Capital Management LLC now owns 56,824 shares of the real estate investment trust's stock valued at $1,741,000 after acquiring an additional 829 shares in the last quarter. Institutional investors and hedge funds own 94.38% of the company's stock.

Cousins Properties Stock Performance

Shares of CUZ traded up $0.04 on Friday, reaching $26.82. 1,450,223 shares of the company's stock traded hands, compared to its average volume of 1,260,052. The stock's 50 day simple moving average is $28.81 and its two-hundred day simple moving average is $29.95. The stock has a market cap of $4.50 billion, a PE ratio of 89.41, a PEG ratio of 2.98 and a beta of 1.24. Cousins Properties Incorporated has a 52-week low of $21.99 and a 52-week high of $32.55. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.64.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its earnings results 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%. On average, analysts forecast that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 4.77%. The ex-dividend date was Thursday, April 3rd. Cousins Properties's dividend payout ratio is 426.67%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. StockNews.com downgraded shares of Cousins Properties from a "hold" rating to a "sell" rating in a research report on Wednesday, April 9th. Barclays decreased their target price on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Monday, February 3rd. Robert W. Baird dropped their price target on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research report on Monday, February 24th. Wolfe Research raised Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price objective for the company in a report on Monday, April 7th. Finally, Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $32.70.

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.