Cousins Properties Incorporated (NYSE:CUZ) Shares Purchased by GSI Capital Advisors LLC

GSI Capital Advisors LLC lifted its holdings in Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 11.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 196,934 shares of the real estate investment trust's stock after purchasing an additional 19,994 shares during the period. Cousins Properties comprises 3.2% of GSI Capital Advisors LLC's holdings, making the stock its 14th biggest position. GSI Capital Advisors LLC owned 0.12% of Cousins Properties worth $6,034,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CUZ. Jones Financial Companies Lllp lifted its holdings in Cousins Properties by 1,609.3% during the fourth quarter. Jones Financial Companies Lllp now owns 923 shares of the real estate investment trust's stock worth $28,000 after buying an additional 869 shares during the period. UMB Bank n.a. lifted its stake in shares of Cousins Properties by 67.4% during the 4th quarter. UMB Bank n.a. now owns 981 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 395 shares during the last quarter. Quarry LP boosted its position in Cousins Properties by 74.5% during the third quarter. Quarry LP now owns 3,976 shares of the real estate investment trust's stock valued at $117,000 after purchasing an additional 1,697 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in Cousins Properties by 473.5% in the fourth 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. Finally, BankPlus Trust Department bought a new position in Cousins Properties in the fourth quarter worth about $142,000. 94.38% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. KeyCorp raised shares of Cousins Properties from a "sector weight" rating to an "overweight" rating and set a $34.00 price objective on the stock in a research report on Tuesday, December 17th. Barclays reduced their price target on Cousins Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research report on Monday, February 3rd. Truist Financial raised their price objective on Cousins Properties from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. StockNews.com upgraded Cousins Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, March 18th. Finally, Jefferies Financial Group began coverage on Cousins Properties in a research note on Monday, March 17th. They set a "buy" rating and a $35.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $32.89.

Cousins Properties Stock Performance

CUZ stock traded down $1.15 during midday trading on Friday, hitting $26.01. 2,083,391 shares of the stock traded hands, compared to its average volume of 1,246,495. The stock's fifty day simple moving average is $29.72 and its 200-day simple moving average is $30.21. 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 Incorporated has a 1-year low of $21.58 and a 1-year high of $32.55. The firm has a market cap of $4.37 billion, a P/E ratio of 86.70, a PEG ratio of 2.98 and a beta of 1.24.

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

Cousins Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.92%. The ex-dividend date is Thursday, April 3rd. Cousins Properties's payout ratio is 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.