ExodusPoint Capital Management LP Has $35.85 Million Holdings in Cousins Properties Incorporated (NYSE:CUZ)

ExodusPoint Capital Management LP increased its holdings in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 181.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,170,067 shares of the real estate investment trust's stock after acquiring an additional 753,757 shares during the period. ExodusPoint Capital Management LP owned about 0.74% of Cousins Properties worth $35,851,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in Cousins Properties by 3.9% during the third quarter. Principal Financial Group Inc. now owns 12,140,948 shares of the real estate investment trust's stock worth $357,910,000 after acquiring an additional 458,387 shares in the last quarter. Cerity Partners LLC acquired a new stake in shares of Cousins Properties during the 3rd quarter worth about $584,000. FMR LLC lifted its holdings in Cousins Properties by 69.8% during the 3rd quarter. FMR LLC now owns 19,161 shares of the real estate investment trust's stock valued at $565,000 after purchasing an additional 7,877 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Cousins Properties by 24.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 113,081 shares of the real estate investment trust's stock valued at $3,334,000 after purchasing an additional 22,169 shares during the last quarter. Finally, Glenmede Trust Co. NA boosted its position in Cousins Properties by 33.8% in the third quarter. Glenmede Trust Co. NA now owns 12,543 shares of the real estate investment trust's stock valued at $370,000 after buying an additional 3,171 shares in the last quarter. 94.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wolfe Research upgraded shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 target price for the company in a research note on Monday. Mizuho raised Cousins Properties from an "underperform" rating to a "neutral" rating and boosted their price objective for the stock from $22.00 to $30.00 in a research note on Tuesday, January 7th. Jefferies Financial Group began coverage on Cousins Properties in a research note on Monday, March 17th. They issued a "buy" rating and a $35.00 target price for the company. Truist Financial lifted their price target on Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Finally, Robert W. Baird decreased their price objective 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. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Cousins Properties presently has an average rating of "Moderate Buy" and an average target price of $32.70.

Cousins Properties Trading Up 1.6 %

CUZ traded up $0.42 during mid-day trading on Tuesday, hitting $26.13. The stock had a trading volume of 603,470 shares, compared to its average volume of 1,246,604. The stock's fifty day simple moving average is $29.61 and its 200-day simple moving average is $30.19. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 86.63, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24. Cousins Properties Incorporated has a 1-year low of $21.58 and a 1-year high of $32.55. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.74 and a quick 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, beating analysts' consensus estimates of $0.07 by $0.62. Cousins Properties had a return on equity of 1.00% and a net margin of 5.36%. As a group, research analysts forecast that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Thursday, April 3rd. Cousins Properties's dividend payout ratio (DPR) is currently 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.