17,337 Shares in Cousins Properties Incorporated (NYSE:CUZ) Bought by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 17,337 shares of the real estate investment trust's stock, valued at approximately $511,000.

A number of other institutional investors also recently added to or reduced their stakes in CUZ. Los Angeles Capital Management LLC raised its stake in shares of Cousins Properties by 35.8% in the third quarter. Los Angeles Capital Management LLC now owns 118,236 shares of the real estate investment trust's stock valued at $3,486,000 after acquiring an additional 31,199 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in shares of Cousins Properties by 1.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 131,391 shares of the real estate investment trust's stock valued at $3,873,000 after acquiring an additional 1,977 shares during the last quarter. Atria Investments Inc bought a new position in shares of Cousins Properties in the third quarter valued at approximately $208,000. Assetmark Inc. raised its stake in shares of Cousins Properties by 19,163.0% in the third quarter. Assetmark Inc. now owns 5,201 shares of the real estate investment trust's stock valued at $153,000 after acquiring an additional 5,174 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Cousins Properties by 3.9% in the third quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust's stock valued at $357,910,000 after acquiring an additional 458,387 shares during the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 5,997 shares of the business's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $28.13, for a total value of $168,695.61. Following the completion of the transaction, the chief accounting officer now owns 12,529 shares of the company's stock, valued at $352,440.77. The trade was a 32.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CUZ. Barclays lifted their target price on shares of Cousins Properties from $30.00 to $35.00 and gave the company an "overweight" rating in a research note on Thursday, October 10th. Evercore ISI lifted their target price on shares of Cousins Properties from $29.00 to $30.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. StockNews.com upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a research report on Monday, November 4th. Robert W. Baird boosted their price objective on shares of Cousins Properties from $31.00 to $33.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th. Finally, Wells Fargo & Company boosted their price objective on shares of Cousins Properties from $31.00 to $34.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $31.50.

Cousins Properties Trading Down 0.3 %

CUZ stock traded down $0.10 during trading on Friday, hitting $30.65. The company had a trading volume of 1,441,288 shares, compared to its average volume of 1,311,665. The firm has a 50-day moving average price of $30.17 and a 200-day moving average price of $26.63. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 92.88, a PEG ratio of 4.99 and a beta of 1.29. Cousins Properties Incorporated has a 12 month low of $19.45 and a 12 month high of $32.44. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60.

Cousins Properties (NYSE:CUZ - Get Free Report) last issued its earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.60). The business had revenue of $209.21 million for the quarter, compared to the consensus estimate of $212.54 million. Cousins Properties had a net margin of 6.17% and a return on equity of 1.14%. The business's revenue was up 5.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. As a group, analysts predict that Cousins Properties Incorporated will post 2.68 earnings per share for the current year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Thursday, October 3rd were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.18%. The ex-dividend date was Thursday, October 3rd. Cousins Properties's payout ratio is 387.88%.

Cousins Properties 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.