Geode Capital Management LLC Has $94.16 Million Stock Position in Cousins Properties Incorporated (NYSE:CUZ)

Geode Capital Management LLC increased its stake in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,072,221 shares of the real estate investment trust's stock after acquiring an additional 208,044 shares during the period. Geode Capital Management LLC owned about 1.94% of Cousins Properties worth $94,160,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in shares of Cousins Properties by 1,609.3% in the 4th quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 869 shares during the period. UMB Bank n.a. boosted its stake in shares of Cousins Properties by 67.4% in the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock worth $30,000 after buying an additional 395 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in shares of Cousins Properties by 473.5% during the 4th quarter. CIBC Private Wealth Group LLC now owns 4,301 shares of the real estate investment trust's stock valued at $127,000 after purchasing an additional 3,551 shares during the last quarter. BankPlus Trust Department purchased a new stake in Cousins Properties during the fourth quarter valued at approximately $142,000. Finally, Assetmark Inc. lifted its position in Cousins Properties by 15.3% during the fourth quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust's stock valued at $184,000 after purchasing an additional 794 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Robert W. Baird dropped their price target on Cousins Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research note on Monday, February 24th. Barclays dropped their target price on shares of Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research note on Monday, February 3rd. StockNews.com downgraded shares of Cousins Properties from a "hold" rating to a "sell" rating in a research note on Wednesday, April 9th. Truist Financial upped their target price on Cousins Properties from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Finally, Mizuho upgraded Cousins Properties from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $22.00 to $30.00 in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $32.70.

Cousins Properties Trading Up 0.5 %

CUZ traded up $0.13 on Wednesday, reaching $27.01. 59,456 shares of the company's stock were exchanged, compared to its average volume of 1,253,291. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.74 and a current ratio of 0.74. Cousins Properties Incorporated has a twelve month low of $21.58 and a twelve month high of $32.55. The company's 50 day moving average is $28.98 and its 200-day moving average is $29.99. The company has a market cap of $4.53 billion, a price-to-earnings ratio of 89.73, a PEG ratio of 2.98 and a beta of 1.24.

Cousins Properties (NYSE:CUZ - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The real estate investment trust reported $0.69 EPS for the quarter, topping 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%. Equities analysts predict that Cousins Properties Incorporated will post 2.76 earnings per share for the current year.

Cousins Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend was Thursday, April 3rd. Cousins Properties's dividend payout ratio is 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.