GSI Capital Advisors LLC Buys 19,994 Shares of Cousins Properties Incorporated (NYSE:CUZ)

GSI Capital Advisors LLC raised its position in shares of Cousins Properties Incorporated (NYSE:CUZ - Free Report) by 11.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 196,934 shares of the real estate investment trust's stock after purchasing an additional 19,994 shares during the period. Cousins Properties accounts for about 3.2% of GSI Capital Advisors LLC's investment portfolio, making the stock its 14th largest position. GSI Capital Advisors LLC owned approximately 0.12% of Cousins Properties worth $6,034,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in CUZ. Arizona State Retirement System lifted its stake in shares of Cousins Properties by 0.8% in the 4th quarter. Arizona State Retirement System now owns 44,154 shares of the real estate investment trust's stock valued at $1,353,000 after purchasing an additional 366 shares during the last quarter. UMB Bank n.a. boosted 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 acquiring an additional 395 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of Cousins Properties by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 22,667 shares of the real estate investment trust's stock valued at $695,000 after acquiring an additional 485 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Cousins Properties by 15.3% during the 4th quarter. Assetmark Inc. now owns 5,995 shares of the real estate investment trust's stock valued at $184,000 after acquiring an additional 794 shares during the last quarter. Finally, Yousif Capital Management LLC raised its stake in shares of Cousins Properties by 1.5% in the 4th quarter. Yousif Capital Management LLC now owns 56,824 shares of the real estate investment trust's stock valued at $1,741,000 after acquiring an additional 829 shares in the last quarter. 94.38% of the stock is currently owned by institutional investors and hedge funds.

Cousins Properties Price Performance

Shares of Cousins Properties stock traded down $0.83 during trading on Monday, hitting $25.20. 726,382 shares of the company's stock traded hands, compared to its average volume of 1,389,727. Cousins Properties Incorporated has a twelve month low of $21.58 and a twelve month 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 has a market cap of $4.23 billion, a PE ratio of 84.11, a PEG ratio of 2.98 and a beta of 1.24. The firm's fifty day moving average price is $29.72 and its 200 day moving average price is $30.22.

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

Cousins Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, April 3rd will be given a dividend of $0.32 per share. The ex-dividend date is Thursday, April 3rd. This represents a $1.28 dividend on an annualized basis and a yield of 5.08%. Cousins Properties's dividend payout ratio (DPR) is presently 426.67%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CUZ. Wolfe Research raised shares of Cousins Properties from a "peer perform" rating to an "outperform" rating and set a $31.00 price target on the stock in a research report on Monday. Barclays lowered 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. StockNews.com raised Cousins Properties from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th. Mizuho upgraded Cousins Properties from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $22.00 to $30.00 in a report on Tuesday, January 7th. Finally, KeyCorp upgraded 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 note on Tuesday, December 17th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Cousins Properties has an average rating of "Moderate Buy" and an average price target of $32.70.

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.