Foundry Partners LLC Raises Stock Holdings in Cousins Properties Incorporated (NYSE:CUZ)

Foundry Partners LLC grew its stake in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 24.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 374,139 shares of the real estate investment trust's stock after acquiring an additional 73,048 shares during the quarter. Foundry Partners LLC owned about 0.24% of Cousins Properties worth $11,464,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. ExodusPoint Capital Management LP grew its holdings in shares of Cousins Properties by 181.1% during the fourth quarter. ExodusPoint Capital Management LP now owns 1,170,067 shares of the real estate investment trust's stock valued at $35,851,000 after buying an additional 753,757 shares during the last quarter. GSI Capital Advisors LLC increased its holdings in shares of Cousins Properties by 11.3% in the 4th quarter. GSI Capital Advisors LLC now owns 196,934 shares of the real estate investment trust's stock worth $6,034,000 after purchasing an additional 19,994 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Cousins Properties by 23.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,875,490 shares of the real estate investment trust's stock worth $88,105,000 after purchasing an additional 538,074 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Cousins Properties by 7.3% during the fourth quarter. Geode Capital Management LLC now owns 3,072,221 shares of the real estate investment trust's stock valued at $94,160,000 after purchasing an additional 208,044 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Cousins Properties by 16.9% during the fourth quarter. Franklin Resources Inc. now owns 309,897 shares of the real estate investment trust's stock valued at $9,495,000 after buying an additional 44,772 shares during the last quarter. Hedge funds and other institutional investors own 94.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. StockNews.com upgraded shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th. Mizuho upgraded shares of Cousins Properties from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $22.00 to $30.00 in a report on Tuesday, January 7th. KeyCorp upgraded 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. Robert W. Baird dropped their price target on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. Finally, Jefferies Financial Group began coverage on Cousins Properties in a research report on Monday, March 17th. They set a "buy" rating and a $35.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $32.70.

Cousins Properties Stock Performance

NYSE CUZ traded down $0.78 on Wednesday, reaching $24.37. 701,848 shares of the stock were exchanged, compared to its average volume of 1,250,137. The firm has a market capitalization of $4.09 billion, a PE ratio of 80.75, a PEG ratio of 2.98 and a beta of 1.24. Cousins Properties Incorporated has a one year low of $21.58 and a one year high of $32.55. The company's 50-day simple moving average is $29.43 and its two-hundred day simple moving average is $30.13. 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 quarterly earnings data 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 net margin of 5.36% and a return on equity of 1.00%. Analysts expect that Cousins Properties Incorporated will post 2.76 EPS for the current fiscal year.

Cousins Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 5.25%. The ex-dividend date of this dividend is Thursday, April 3rd. Cousins Properties's payout ratio 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.