Foundry Partners LLC Invests $8.88 Million in Cousins Properties Incorporated (NYSE:CUZ)

Foundry Partners LLC purchased a new stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 301,091 shares of the real estate investment trust's stock, valued at approximately $8,876,000. Foundry Partners LLC owned approximately 0.20% of Cousins Properties as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in CUZ. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Cousins Properties by 5.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 15,952 shares of the real estate investment trust's stock valued at $369,000 after buying an additional 769 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Cousins Properties by 2.0% during the first quarter. Vanguard Group Inc. now owns 23,353,228 shares of the real estate investment trust's stock worth $561,412,000 after purchasing an additional 456,251 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Cousins Properties by 3.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 270,983 shares of the real estate investment trust's stock valued at $6,514,000 after purchasing an additional 9,102 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Cousins Properties by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 74,096 shares of the real estate investment trust's stock valued at $1,782,000 after purchasing an additional 4,690 shares during the period. Finally, Bayesian Capital Management LP grew its stake in Cousins Properties by 264.7% during the 1st quarter. Bayesian Capital Management LP now owns 30,036 shares of the real estate investment trust's stock worth $722,000 after buying an additional 21,800 shares during the last quarter. 94.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cousins Properties

In other news, CAO Jeffrey D. Symes sold 5,997 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $28.13, for a total transaction of $168,695.61. Following the sale, the chief accounting officer now owns 12,529 shares in the company, valued at $352,440.77. This trade represents a 32.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CUZ shares. Evercore ISI raised their target price on shares of Cousins Properties from $29.00 to $30.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. Barclays upped their target price on shares of Cousins Properties from $30.00 to $35.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Wells Fargo & Company upped their price objective on Cousins Properties from $31.00 to $34.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Truist Financial boosted their target price on Cousins Properties from $26.00 to $30.00 and gave the company a "buy" rating in a report on Friday, August 30th. Finally, Robert W. Baird lifted their price objective on shares of Cousins Properties from $31.00 to $33.00 and gave the company an "outperform" rating in a research report on Monday, November 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $31.50.

Cousins Properties Stock Up 0.5 %

Shares of NYSE CUZ opened at $31.10 on Thursday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $30.31 and a 200 day moving average price of $26.82. Cousins Properties Incorporated has a 52 week low of $19.45 and a 52 week high of $32.44. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of 94.24, a price-to-earnings-growth ratio of 4.12 and a beta of 1.29.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.60). The firm had revenue of $209.21 million for the quarter, compared to analyst estimates of $212.54 million. Cousins Properties had a return on equity of 1.14% and a net margin of 6.17%. The company's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm earned $0.65 EPS. Equities research analysts anticipate that Cousins Properties Incorporated will post 2.68 EPS for the current fiscal year.

Cousins Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, October 3rd were given a $0.32 dividend. The ex-dividend date was Thursday, October 3rd. This represents a $1.28 annualized dividend and a dividend yield of 4.12%. Cousins Properties's dividend payout ratio is currently 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.

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