Davis Selected Advisers Has $15.45 Million Stake in Cousins Properties Incorporated (NYSE:CUZ)

Davis Selected Advisers lowered its position in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 504,215 shares of the real estate investment trust's stock after selling 115,800 shares during the period. Davis Selected Advisers owned approximately 0.32% of Cousins Properties worth $15,449,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Cousins Properties in the fourth quarter valued at about $25,148,000. Arizona State Retirement System raised its position in shares of Cousins Properties by 0.8% during 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 purchasing an additional 366 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Cousins Properties in the 4th quarter valued at approximately $724,000. Cbre Investment Management Listed Real Assets LLC grew its holdings in Cousins Properties by 270.0% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 351,729 shares of the real estate investment trust's stock valued at $10,777,000 after buying an additional 256,679 shares during the last quarter. Finally, Assetmark Inc. increased its position in Cousins Properties by 15.3% during the fourth 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 in the last quarter. 94.38% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of brokerages have recently commented on CUZ. Robert W. Baird lowered their price target 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. KeyCorp raised shares of Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 target price for the company in a research note on Tuesday, December 17th. Jefferies Financial Group raised Cousins Properties from a "hold" rating to a "buy" rating and increased their price target for the stock from $33.00 to $36.00 in a research note on Thursday, January 2nd. Truist Financial lifted their price objective on Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Finally, StockNews.com lowered Cousins Properties from a "hold" rating to a "sell" rating in a research note on Thursday, January 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $33.00.

Cousins Properties Price Performance

Cousins Properties stock traded up $0.66 during midday trading on Wednesday, hitting $28.87. The company's stock had a trading volume of 2,330,026 shares, compared to its average volume of 1,369,148. Cousins Properties Incorporated has a 12 month low of $21.58 and a 12 month high of $32.55. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $4.84 billion, a PE ratio of 96.23, a price-to-earnings-growth ratio of 2.98 and a beta of 1.28. The stock's 50-day moving average price is $30.07 and its 200-day moving average price is $30.15.

Cousins Properties (NYSE:CUZ - Get Free Report) last announced its earnings results on Thursday, February 6th. The real estate investment trust reported $0.69 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%. Analysts anticipate that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Friday, January 3rd were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.43%. The ex-dividend date was Friday, January 3rd. Cousins Properties's dividend payout ratio is currently 426.67%.

About Cousins Properties

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.