Foundry Partners LLC Acquires 73,048 Shares of Cousins Properties Incorporated (NYSE:CUZ)

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of Cousins Properties by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 24,802,104 shares of the real estate investment trust's stock worth $759,936,000 after acquiring an additional 985,934 shares in the last quarter. Principal Financial Group Inc. increased its stake in Cousins Properties by 11.1% in the 4th quarter. Principal Financial Group Inc. now owns 13,491,300 shares of the real estate investment trust's stock worth $413,375,000 after purchasing an additional 1,350,352 shares in the last quarter. State Street Corp raised its holdings in Cousins Properties by 0.6% during the 3rd quarter. State Street Corp now owns 7,606,870 shares of the real estate investment trust's stock worth $224,251,000 after buying an additional 48,668 shares during the period. Geode Capital Management LLC lifted its stake in 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 buying an additional 208,044 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings 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 buying an additional 538,074 shares during the period. 94.38% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

CUZ has been the topic of several recent analyst reports. KeyCorp raised Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price target on the stock in a research report on Tuesday, December 17th. Jefferies Financial Group assumed coverage on shares of Cousins Properties in a research report on Monday, March 17th. They set a "buy" rating and a $35.00 price objective on the stock. Truist Financial upped their price objective on shares of Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Robert W. Baird decreased their target price on shares of Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Finally, StockNews.com raised shares of Cousins Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $32.89.

Cousins Properties Stock Performance

CUZ traded down $1.15 on Friday, hitting $26.01. The company had a trading volume of 2,083,391 shares, compared to its average volume of 1,246,495. 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. The company's fifty day moving average price is $29.72 and its 200 day moving average price is $30.22. The stock has a market cap of $4.37 billion, a price-to-earnings ratio of 86.70, a price-to-earnings-growth ratio of 2.98 and a beta of 1.24.

Cousins Properties (NYSE:CUZ - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.62. Cousins Properties had a net margin of 5.36% and a return on equity of 1.00%. Equities analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current fiscal year.

Cousins Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date is Thursday, April 3rd. Cousins Properties's dividend payout ratio (DPR) is currently 426.67%.

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.